Roku (ROKU) to Release Quarterly Earnings on Thursday

Roku (NASDAQ:ROKU - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Roku to post earnings of ($0.41) per share and revenue of $1.15 billion for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Roku Stock Up 4.8 %

Shares of Roku stock traded up $3.92 during trading hours on Friday, hitting $85.00. The company's stock had a trading volume of 3,205,608 shares, compared to its average volume of 2,480,833. The business has a fifty day moving average of $79.84 and a 200 day moving average of $72.84. Roku has a 1-year low of $48.33 and a 1-year high of $99.80. The company has a market capitalization of $12.34 billion, a PE ratio of -70.83 and a beta of 2.05.

Analyst Upgrades and Downgrades

Several research firms have commented on ROKU. Baird R W raised Roku from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 18th. Wells Fargo & Company boosted their price target on Roku from $72.00 to $74.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Rosenblatt Securities upped their price target on Roku from $61.00 to $86.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Citizens Jmp upgraded shares of Roku to a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, JMP Securities restated a "market outperform" rating and issued a $95.00 target price on shares of Roku in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.18.

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,193,100.32. This represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now owns 65,555 shares in the company, valued at approximately $4,916,625. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,885 shares of company stock valued at $5,712,912 in the last quarter. Insiders own 13.98% of the company's stock.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.