Roku Sees Unusually High Options Volume (ROKU)

Roku, Inc. (NASDAQ:ROKU) was the recipient of unusually large options trading on Thursday. Traders bought 18,380 put options on the company. This represents an increase of approximately Infinity compared to the typical daily volume of 0 put options.

In other Roku news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $14.00, for a total transaction of $96,600,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Several hedge funds have recently modified their holdings of the business. Pier Capital LLC acquired a new stake in shares of Roku in the 3rd quarter valued at $1,454,000. OxFORD Asset Management LLP acquired a new stake in shares of Roku in the 3rd quarter valued at $12,899,000. Citadel Advisors LLC acquired a new stake in shares of Roku in the 3rd quarter valued at $1,122,000. FNY Managed Accounts LLC acquired a new stake in shares of Roku in the 3rd quarter valued at $599,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Roku in the 3rd quarter valued at $273,000. 0.70% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on ROKU. Needham & Company LLC began coverage on Roku in a research note on Monday, October 23rd. They set a “buy” rating and a $28.00 price objective on the stock. Royal Bank Of Canada began coverage on Roku in a research note on Monday, October 23rd. They set a “sector perform” rating and a $26.00 price objective on the stock. William Blair began coverage on Roku in a research note on Monday, October 23rd. They set an “outperform” rating on the stock. Oppenheimer Holdings, Inc. began coverage on Roku in a research note on Monday, October 23rd. They set a “market perform” rating and a $26.00 price objective on the stock. Finally, CIBC initiated coverage on Roku in a research note on Monday, October 23rd. They set a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.20.

Shares of Roku (NASDAQ ROKU) opened at $42.71 on Tuesday. Roku has a twelve month low of $15.75 and a twelve month high of $47.49.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.68) by $1.58. The business had revenue of $124.80 million during the quarter, compared to analyst estimates of $110.47 million. The firm’s revenue was up 40.1% on a year-over-year basis. research analysts forecast that Roku will post -2.32 EPS for the current fiscal year.

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About Roku

Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.

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