Roku Inc (NASDAQ:ROKU)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $75.30 and last traded at $74.60, with a volume of 111693 shares traded. The stock had previously closed at $73.14.

Several equities analysts recently commented on the stock. BidaskClub lowered shares of Roku from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Macquarie assumed coverage on shares of Roku in a research report on Thursday, June 14th. They set an “outperform” rating and a $49.00 price target for the company. Oppenheimer raised shares of Roku from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Tuesday, July 3rd. Zacks Investment Research lowered shares of Roku from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $48.00 price objective on shares of Roku in a research report on Thursday, August 9th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $56.38.

The stock has a market capitalization of $7.75 billion and a PE ratio of -33.35.

In other news, CEO Anthony J. Wood sold 421,549 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $70.89, for a total value of $29,883,608.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan S. Henricks sold 26,000 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $58.20, for a total transaction of $1,513,200.00. The disclosure for this sale can be found here. Insiders sold 1,411,370 shares of company stock valued at $82,935,717 in the last three months. Company insiders own 0.55% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in ROKU. SevenBridge Financial Group LLC purchased a new position in shares of Roku in the second quarter valued at $158,000. BNP Paribas Arbitrage SA purchased a new position in shares of Roku in the first quarter valued at $156,000. Gabelli Funds LLC purchased a new position in shares of Roku in the second quarter valued at $213,000. Cynosure Advisors LLC purchased a new position in shares of Roku in the second quarter valued at $217,000. Finally, Marathon Trading Investment Management LLC purchased a new position in shares of Roku in the second quarter valued at $248,000. 33.75% of the stock is owned by institutional investors.

Roku Company Profile (NASDAQ: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.

Featured Story: Fundamental Analysis and Choosing Stocks

Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.