Roku Inc (NASDAQ:ROKU) had its Buy rating reiterated by Needham & Company LLC with a $60.00 price target

ME Staff
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Analyst Ratings For Roku Inc (NASDAQ:ROKU)

Today, Needham & Company LLC reiterated its Buy rating on Roku Inc (NASDAQ:ROKU) with a price target of $60.00.

There are 0 sell ratings, 6 hold ratings, 6 buy ratings, 0 strong buy ratings on the stock.

The current consensus rating on Roku Inc (NASDAQ:ROKU) is Buy with a consensus target price of $42.7778 per share, a potential 14.05% downside.

Some recent analyst ratings include

  • 7/23/2018-Needham & Company LLC Reiterated Rating of Buy.
  • 7/3/2018-Oppenheimer Upgrade from a “Market Perform ” rating to a ” Outperform” rating.
  • 7/3/2018-UBS Group Upgrade from a “Market Perform ” rating to a ” Outperform” rating.
  • 6/14/2018-Macquarie initiated coverage with a Outperform rating.
  • 5/29/2018-Morgan Stanley Upgrade from a “Underweight ” rating to a ” Equal Weight” rating.

Recent Insider Trading Activity For Roku Inc (NASDAQ:ROKU)
Roku Inc (NASDAQ:ROKU) has insider ownership of 0.55% and institutional ownership of 16.60%.

  • On 7/18/2018 Anthony J Wood, CEO, sold 248,155 with an average share price of $49.36 per share and the total transaction amounting to $12,248,930.80.
  • On 7/17/2018 Scott A Rosenberg, SVP, sold 20,000 with an average share price of $50.00 per share and the total transaction amounting to $1,000,000.00.
  • On 7/9/2018 Stephen H Kay, SVP, sold 10,000 with an average share price of $48.00 per share and the total transaction amounting to $480,000.00.
  • On 7/2/2018 Scott A Rosenberg, SVP, sold 25,000 with an average share price of $41.74 per share and the total transaction amounting to $1,043,500.00.
  • On 6/25/2018 Chas Smith, VP, sold 87,272 with an average share price of $42.42 per share and the total transaction amounting to $3,702,078.24.
  • On 6/15/2018 Anthony J Wood, CEO, sold 248,578 with an average share price of $43.73 per share and the total transaction amounting to $10,870,315.94.
  • On 6/5/2018 Scott A Rosenberg, VP, sold 20,000 with an average share price of $40.00 per share and the total transaction amounting to $800,000.00.

About Roku Inc (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. It also provides advertising products, including videos ads, interactive video ads, audience development promotions, and brand sponsorships; and manufactures, sells, and licenses TVs under the Roku TV name. In addition, the company offers streaming media players and accessories under the Roku brand that allow users to access its TV streaming platform; and sells branded channel buttons on remote controls. It provides its products and services through retailers and distributors, as well as directly to customers through its Website in the United States, Canada, the United Kingdom, France, the Republic of Ireland, and various Latin American countries. The company was founded in 2002 and is headquartered in Los Gatos, California.

Recent Trading Activity for Roku Inc (NASDAQ:ROKU)
Shares of Roku Inc closed the previous trading session at 49,77 −0,020 0,040 % with 4556700 shares trading hands.