Roku Inc (NASDAQ:ROKU) Director Ray A. Rothrock sold 15,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $61.79, for a total value of $926,850.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of ROKU stock traded up $0.82 during trading hours on Monday, hitting $63.61. 10,938,065 shares of the company were exchanged, compared to its average volume of 14,581,056. Roku Inc has a one year low of $26.30 and a one year high of $77.57. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of -795.13 and a beta of 3.90.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Roku had a negative net margin of 1.19% and a negative return on equity of 4.06%. The business had revenue of $275.74 million for the quarter, compared to analysts’ expectations of $262.57 million. On average, equities research analysts expect that Roku Inc will post -0.7 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of ROKU. We Are One Seven LLC bought a new position in Roku in the fourth quarter worth about $27,000. Capital Investment Advisory Services LLC bought a new position in Roku in the fourth quarter worth about $35,000. Essex Investment Management Co. LLC bought a new position in Roku in the fourth quarter worth about $49,000. Advisors Asset Management Inc. lifted its holdings in Roku by 59.3% in the fourth quarter. Advisors Asset Management Inc. now owns 1,854 shares of the company’s stock worth $57,000 after acquiring an additional 690 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in Roku in the third quarter worth about $59,000. 42.91% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on ROKU. SunTrust Banks raised their target price on Roku to $63.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. They noted that the move was a valuation call. Macquarie downgraded Roku from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $67.00 to $57.00 in a research note on Wednesday, March 13th. Loop Capital cut shares of Roku from a “hold” rating to a “sell” rating and set a $45.00 price target on the stock. in a research report on Wednesday, March 13th. They noted that the move was a valuation call. DA Davidson increased their price target on shares of Roku to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, BidaskClub raised shares of Roku from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $65.07.

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About Roku

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

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