Roku - ROKU Stock Forecast, Price & News

Roku, Inc., together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts. It also provides digital and video advertising, content distribution, subscription, and billing services, as well as other commerce transactions, and brand sponsorship and promotions; and manufactures, sells, and licenses smart TVs under the Roku TV name. In addition, the company offers streaming players, and audio products and accessories under the Roku brand name; and sells branded channel buttons on remote controls of streaming devices. 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, Mexico, Brazil, Chile, Peru, North and South Americas, and Europe. Roku, Inc. was incorporated in 2002 and is headquartered in San Jose, California.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wolfe Research lowered shares of Roku from a "market perform" rating to an "underperform" rating and set a $77.00 price objective on the stock. in a research note on Tuesday, July 26th. Evercore ISI reduced their price objective on shares of Roku from $185.00 to $140.00 and set an "outperform" rating on the stock in a research note on Thursday, July 7th. Guggenheim cut their price objective on shares of Roku from $145.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, July 12th. Raymond James assumed coverage on shares of Roku in a report on Tuesday, July 26th. They issued a "market perform" rating on the stock. Finally, Truist Financial lowered their price target on shares of Roku from $150.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, July 27th. Seven analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Roku presently has a consensus rating of "Hold" and a consensus price target of $139.69.

Roku Stock Up 3.9 %

Shares of Roku stock traded up $3.16 during midday trading on Friday, hitting $83.81. The company had a trading volume of 11,120,324 shares, compared to its average volume of 13,689,246. Roku has a 12-month low of $62.00 and a 12-month high of $374.74. The stock has a market cap of $11.56 billion, a price-to-earnings ratio of -232.81 and a beta of 1.73. The company has a fifty day simple moving average of $85.78 and a 200 day simple moving average of $106.86.

Roku (NASDAQ:ROKU - Get Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.76) by ($0.06). Roku had a negative net margin of 1.51% and a negative return on equity of 1.66%. The company had revenue of $764.00 million during the quarter, compared to analyst estimates of $804.64 million. During the same period in the prior year, the business posted $0.52 EPS. Roku's revenue was up 18.4% compared to the same quarter last year. As a group, analysts expect that Roku will post -3.15 EPS for the current year.

Insider Transactions at Roku

In other news, SVP Stephen H. Kay sold 668 shares of the business's stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total transaction of $62,397.88. Following the completion of the transaction, the senior vice president now directly owns 78,549 shares of the company's stock, valued at $7,337,262.09. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Stephen H. Kay sold 668 shares of the business's stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total transaction of $62,397.88. Following the completion of the transaction, the senior vice president now directly owns 78,549 shares of the company's stock, valued at $7,337,262.09. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Mustafa Ozgen sold 4,973 shares of the company's stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $100.00, for a total value of $497,300.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,598 shares of company stock valued at $742,501. 15.32% of the stock is currently owned by corporate insiders.