NASDAQ:ROKU

Roku (ROKU) Stock Price, News & Analysis

$61.83
+0.09 (+0.15%)
(As of 04/24/2024 ET)
Today's Range
$60.72
$62.44
50-Day Range
$56.90
$94.50
52-Week Range
$51.62
$108.84
Volume
3.09 million shs
Average Volume
5.62 million shs
Market Capitalization
$8.87 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$84.76

Roku MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
37.1% Upside
$84.76 Price Target
Short Interest
Bearish
6.74% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.30mentions of Roku in the last 14 days
Based on 37 Articles This Week
Insider Trading
Selling Shares
$4.36 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.12) to ($1.56) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.17 out of 5 stars

Consumer Discretionary Sector

136th out of 270 stocks

Cable & Other Pay Television Services Industry

9th out of 18 stocks

ROKU stock logo

About Roku Stock (NASDAQ:ROKU)

Roku Inc. is an American technology company specializing in designing and manufacturing digital media players and licensing its proprietary operating system for use in smart TVs. The company was founded in 2002 and is headquartered in San Jose, California. Roku's products offer access to streaming services such as Netflix, Hulu, and Amazon Prime Video. In addition to its hardware products, Roku generates revenue from advertising and content distribution.

Roku's leadership team is headed by CEO Anthony Wood, the company's founder. Wood has over 25 years of experience in the technology industry and has been recognized for his contributions to the field. Other key management team members include CFO Steve Louden and President of Media Charlie Collier. 

Roku's revenue has been climbing yearly, with net income bouncing between small yearly gains and losses. Roku's gross profit margin has remained at approximately 30%, and the company has an aversion to long-term debt. Roku's price-to-earnings and price-to-book ratios are significantly higher than industry averages, and their metrics are high compared to industry peers. This could reflect the market's expectation of future growth for Roku.  Roku's stock price has struggled recently, with a 5-year average annual return of 18%. The stock has experienced significant volatility, with sharp price swings in response to news and market trends. 

The streaming media industry has grown rapidly in recent years, with increasing consumer trends of cutting the cord on traditional cable and satellite TV services. The number of U.S. households subscribing to a streaming TV service is expected to reach 107.5 million by the end of 2023, up from 82.7 million in 2020. The streaming market is highly competitive, with companies like Netflix, Amazon, and Disney all vying for viewership. With competitors including Apple, Amazon, and Google, Roku competes in the market's hardware and software segments. The industry is also subject to regulatory and political pressures, with ongoing debates over net neutrality and content moderation.

Roku's growth prospects are tied to the broader streaming media market, which should continue expanding in the coming years. The company has several potential growth opportunities, including expanding its international presence, launching new hardware products, and expanding advertising offerings. Roku has invested in original content, which could differentiate it from competitors. The company has also partnered with TV manufacturers to integrate its software into more devices.

Roku faces several risks and challenges, including increasing competition in the streaming media market, changes in consumer preferences, and regulatory pressures. The company's success is heavily dependent on the popularity of its platform, and the content available on it, which shifts in consumer behavior or changes in the industry could impact.

In addition, the company's advertising business is subject to regulatory scrutiny, particularly around privacy concerns and data collection. Roku has also faced pressure from content providers, who have sought to negotiate higher fees for access to their content. Any disruption in the availability of popular content on the platform could impact Roku's user engagement and revenue.

In addition, Roku faces risks related to its hardware business, which is subject to competition from more prominent and established players such as Apple and Amazon. The company's success in this segment is tied to its ability to offer innovative and competitive products at a reasonable price point. Failure to do so could result in declining sales and profitability.

Roku is also subject to macroeconomic risks, such as changes in interest rates or credit availability. The company's growth prospects could be impacted by a downturn in the economy, leading to lower advertising spending and consumer demand for its products.

ROKU Stock Price History

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Company Calendar

Last Earnings
2/15/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
N/A
Current Symbol
NASDAQ:ROKU
Fax
N/A
Employees
3,150
Year Founded
2002

Price Target and Rating

Average Stock Price Target
$84.76
High Stock Price Target
$116.00
Low Stock Price Target
$41.00
Potential Upside/Downside
+37.1%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
23 Analysts

Profitability

Net Income
$-709,560,000.00
Pretax Margin
-20.07%

Debt

Sales & Book Value

Annual Sales
$3.48 billion
Book Value
$16.21 per share

Miscellaneous

Free Float
123,960,000
Market Cap
$8.87 billion
Optionable
Optionable
Beta
1.66

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ROKU Stock Analysis - Frequently Asked Questions

Should I buy or sell Roku stock right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Roku in the last year. There are currently 5 sell ratings, 9 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ROKU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ROKU, but not buy additional shares or sell existing shares.
View ROKU analyst ratings
or view top-rated stocks.

What is Roku's stock price target for 2024?

23 Wall Street analysts have issued 12 month target prices for Roku's shares. Their ROKU share price targets range from $41.00 to $116.00. On average, they expect the company's stock price to reach $84.76 in the next year. This suggests a possible upside of 37.1% from the stock's current price.
View analysts price targets for ROKU
or view top-rated stocks among Wall Street analysts.

How have ROKU shares performed in 2024?

Roku's stock was trading at $91.66 at the start of the year. Since then, ROKU shares have decreased by 32.5% and is now trading at $61.83.
View the best growth stocks for 2024 here
.

When is Roku's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our ROKU earnings forecast
.

How can I listen to Roku's earnings call?

Roku will be holding an earnings conference call on Thursday, April 25th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Roku's earnings last quarter?

Roku, Inc. (NASDAQ:ROKU) issued its quarterly earnings results on Thursday, February, 15th. The company reported ($0.55) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.65) by $0.10. The firm earned $984.40 million during the quarter, compared to the consensus estimate of $967.72 million. Roku had a negative net margin of 20.36% and a negative trailing twelve-month return on equity of 29.21%. The firm's revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned ($1.70) EPS.

What guidance has Roku issued on next quarter's earnings?

Roku issued an update on its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $850.0 million-$850.0 million, compared to the consensus revenue estimate of $833.6 million.

What is Anthony Wood's approval rating as Roku's CEO?

179 employees have rated Roku Chief Executive Officer Anthony Wood on Glassdoor.com. Anthony Wood has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Roku own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Roku investors own include NVIDIA (NVDA), Netflix (NFLX), Block (SQ), Alibaba Group (BABA), Advanced Micro Devices (AMD), Tesla (TSLA), Micron Technology (MU), Walt Disney (DIS), Shopify (SHOP) and PayPal (PYPL).

When did Roku IPO?

Roku (ROKU) raised $204 million in an initial public offering on Thursday, September 28th 2017. The company issued 15,700,000 shares at a price of $12.00-$14.00 per share. Morgan Stanley and Citigroup served as the underwriters for the IPO and Allen & Company, RBC Capital Markets, Needham & Company, Oppenheimer and William Blair were co-managers.

Who are Roku's major shareholders?

Roku's stock is owned by many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (5.12%), IMC Chicago LLC (0.00%), Raymond James Financial Services Advisors Inc. (0.08%), Assenagon Asset Management S.A. (0.08%), Kessler Investment Group LLC (0.04%) and IFM Investors Pty Ltd (0.02%). Insiders that own company stock include Alan S Henricks, Anthony J Wood, Anthony J Wood, Charles Collier, Dan Jedda, Gidon Katz, Gilbert Fuchsberg, Jeffrey M Blackburn, Mai Fyfield, Matthew C Banks, Matthew Zinn, Mustafa Ozgen, Scott A Rosenberg and Stephen H Kay.
View institutional ownership trends
.

How do I buy shares of Roku?

Shares of ROKU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ROKU) was last updated on 4/24/2024 by MarketBeat.com Staff

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