Roku, Inc. (NASDAQ:ROKU – Get Rating) insider Gidon Katz sold 7,010 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $56.46, for a total transaction of $395,784.60. Following the completion of the sale, the insider now owns 13,917 shares in the company, valued at $785,753.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Roku Stock Down 1.3 %
NASDAQ ROKU opened at $55.65 on Friday. The stock has a market cap of $7.75 billion, a PE ratio of -32.35 and a beta of 1.67. Roku, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $266.05. The business has a 50 day moving average price of $57.48 and a two-hundred day moving average price of $74.91.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Rosenblatt Securities lowered shares of Roku from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $100.00 to $51.00 in a research report on Thursday, November 3rd. Jefferies Financial Group initiated coverage on shares of Roku in a research note on Friday, November 11th. They issued a “hold” rating and a $45.00 target price for the company. Pivotal Research cut their target price on shares of Roku from $60.00 to $40.00 and set a “sell” rating for the company in a research note on Thursday, November 3rd. Oppenheimer boosted their target price on shares of Roku from $58.00 to $70.00 in a research note on Friday. Finally, Guggenheim downgraded shares of Roku from a “buy” rating to a “neutral” rating in a research note on Thursday, November 3rd. Seven analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $91.35.
Hedge Funds Weigh In On Roku
Roku Company Profile
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 TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.
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