Roku, Inc. (NASDAQ:ROKU)â€™s share price shot up 5.4% during mid-day trading on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $260.00 to $400.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Roku traded as high as $335.38 and last traded at $335.18. 4,496,008 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 4,707,854 shares. The stock had previously closed at $317.90.
Several other equities research analysts also recently issued reports on the company. TheStreet upgraded Roku from a â€œdâ€ rating to a â€œc-â€ rating in a report on Monday, September 28th. Loop Capital increased their price target on Roku from $120.00 to $200.00 and gave the stock a â€œholdâ€ rating in a report on Monday, November 9th. UBS Group upped their price objective on Roku from $260.00 to $310.00 and gave the stock a â€œbuyâ€ rating in a research report on Tuesday, November 24th. Benchmark upped their price objective on Roku from $300.00 to $410.00 and gave the stock a â€œbuyâ€ rating in a research report on Thursday, December 17th. Finally, DA Davidson upped their price objective on Roku from $190.00 to $300.00 and gave the stock a â€œbuyâ€ rating in a research report on Friday, November 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the companyâ€™s stock. The company presently has a consensus rating of â€œBuyâ€ and a consensus target price of $255.40.
In other news, Director Mai Fyfield sold 306 shares of the firmâ€™s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $223.63, for a total value of $68,430.78. Following the completion of the sale, the director now directly owns 306 shares of the companyâ€™s stock, valued at $68,430.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 35,000 shares of the firmâ€™s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $207.89, for a total value of $7,276,150.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the companyâ€™s stock, valued at $2,078,900. The disclosure for this sale can be found here. Insiders have sold 253,509 shares of company stock valued at $70,372,287 over the last three months. Insiders own 22.70% of the companyâ€™s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC acquired a new stake in shares of Roku in the third quarter valued at approximately $28,000. Global Retirement Partners LLC lifted its position in shares of Roku by 153.8% in the third quarter. Global Retirement Partners LLC now owns 165 shares of the companyâ€™s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Roku in the third quarter valued at approximately $38,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Roku in the third quarter valued at approximately $38,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Roku by 400.0% in the third quarter. Harbor Investment Advisory LLC now owns 250 shares of the companyâ€™s stock valued at $47,000 after buying an additional 200 shares during the last quarter. 62.26% of the stock is owned by institutional investors.
The company has a market capitalization of $42.54 billion, a price-to-earnings ratio of -291.46 and a beta of 1.81. The stock has a 50-day moving average price of $308.56 and a 200-day moving average price of $207.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.09 and a quick ratio of 2.98.
Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, November 5th. The company reported $0.09 earnings per share for the quarter, topping the Zacksâ€™ consensus estimate of ($0.42) by $0.51. The company had revenue of $451.66 million for the quarter, compared to analyst estimates of $367.48 million. Roku had a negative return on equity of 19.43% and a negative net margin of 10.28%. The firmâ€™s quarterly revenue was up 73.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.22) earnings per share. Equities analysts forecast that Roku, Inc. will post -1.44 earnings per share for the current year.
About Roku (NASDAQ:ROKU)
Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2019, the company had 36.9 million active accounts.
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