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Roku - ROKU Stock Forecast, Price & News

$84.12
-0.26 (-0.31%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$80.43
$86.35
50-Day Range
$65.52
$101.88
52-Week Range
$62.00
$374.74
Volume
9.87 million shs
Average Volume
8.37 million shs
Market Capitalization
$11.60 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$129.72

Roku MarketRank™ Forecast

Analyst Rating
Hold
2.28 Rating Score
Upside/​Downside
54.2% Upside
$129.72 Price Target
Short Interest
Healthy
5.18% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.12mentions of Roku in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$742,501 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($3.15) to ($2.45) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.57 out of 5 stars

Consumer Discretionary Sector

82nd out of 292 stocks

Cable & Other Pay Television Services Industry

8th out of 20 stocks

ROKU stock logo

About Roku (NASDAQ:ROKU) Stock

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.

Roku Stock Performance

Shares of ROKU opened at $84.38 on Tuesday. Roku has a 52-week low of $62.00 and a 52-week high of $374.74. The business's fifty day moving average is $85.67 and its 200-day moving average is $105.82. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of -234.39 and a beta of 1.73.

Roku (NASDAQ:ROKU - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $804.64 million. During the same quarter in the previous year, the business posted $0.52 EPS. The company's revenue for the quarter was up 18.4% on a year-over-year basis. As a group, research analysts forecast that Roku will post -3.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Evercore ISI cut their price objective on Roku from $185.00 to $140.00 and set an "outperform" rating for the company in a research report on Thursday, July 7th. JPMorgan Chase & Co. lowered their target price on Roku from $225.00 to $175.00 in a research note on Friday, April 29th. Rosenblatt Securities began coverage on Roku in a research note on Tuesday, April 19th. They set a "buy" rating and a $188.00 target price on the stock. Raymond James began coverage on Roku in a research note on Tuesday, July 26th. They set a "market perform" rating on the stock. Finally, Pivotal Research lowered Roku from a "hold" rating to a "sell" rating and set a $60.00 target price on the stock. in a research note on Monday, August 8th. Seven research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Roku has a consensus rating of "Hold" and a consensus target price of $139.69.

Insider Activity

In related news, VP Scott A. Rosenberg sold 1,957 shares of the firm's stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total transaction of $182,803.37. Following the sale, the vice president now owns 78,676 shares of the company's stock, valued at approximately $7,349,125.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Mustafa Ozgen sold 4,973 shares of the firm's stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $100.00, for a total transaction of $497,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Scott A. Rosenberg sold 1,957 shares of Roku stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total value of $182,803.37. Following the transaction, the vice president now directly owns 78,676 shares in the company, valued at $7,349,125.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,598 shares of company stock worth $742,501. Insiders own 15.32% of the company's stock.

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ROKU Stock News Headlines

The Trade Desk Proves Digital Advertising Is Not Dead (ROKU)
Digital advertising technology (AdTech) company The Trade Desk (NYSE: TTD) stock took a dump when digital advertising networks signaled the slowdown.
MarketBeat: Week in Review 8/1 - 8/5 (ROKU)
The hot jobs report is dispelling any notion that interest rates will level off. But the market moves on and here are some of the stocks and stories to follow.
Is Roku A Buy Ahead of Earnings
Roku (NASDAQ: ROKU) is announcing its earnings for Q2.. Streaming stocks like Netflix surged higher after beating expectations, can Roku do the same?
Amazon, Chevron rise; Roku, Intel fall
Stocks that traded heavily or had substantial price changes Friday: Amazon, Chevron rise; Roku, Intel fall
Is Netflix Still A Buy After Losing 1 Million Subscribers? (ROKU)
Netflix recently announced earnings that surprised analysts and investors, who expected a higher subscriber churn. Its lower valuation has piqued the interest of some, so the question is if it is worth buying in the current macro environment?
Roku (NASDAQ:ROKU) Cut to Underperform at Moffett Nathanson
Down Big, Here's Why I'm Not Selling My Roku Stock
Roku (NASDAQ:ROKU) Shares Gap Down to $82.26
Roku (NASDAQ:ROKU) Rating Lowered to Sell at Pivotal Research
Why Roku Was a Resilient Rock Star Stock Today
See More Headlines
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ROKU Company Calendar

Last Earnings
7/28/2022
Today
8/16/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
N/A
Current Symbol
NASDAQ:ROKU
Fax
N/A
Employees
3,000
Year Founded
2002

Price Target and Rating

Average Stock Price Forecast
$129.72
High Stock Price Forecast
$410.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+54.2%
Consensus Rating
Hold
Rating Score (0-4)
2.28
Research Coverage
25 Analysts

Profitability

Net Income
$242.38 million
Pretax Margin
-1.40%

Debt

Sales & Book Value

Annual Sales
$2.76 billion
Cash Flow
$3.06 per share
Book Value
$20.47 per share

Miscellaneous

Free Float
116,798,000
Market Cap
$11.60 billion
Optionable
Optionable
Beta
1.73

Social Links















ROKU Stock - Frequently Asked Questions

Should I buy or sell Roku stock right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Roku in the last twelve months. There are currently 7 sell ratings, 4 hold ratings and 14 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 forecast for 2022?

25 equities research analysts have issued 12 month target prices for Roku's shares. Their ROKU share price forecasts range from $55.00 to $410.00. On average, they expect the company's stock price to reach $129.72 in the next year. This suggests a possible upside of 54.2% 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 2022?

Roku's stock was trading at $228.20 on January 1st, 2022. Since then, ROKU shares have decreased by 63.1% and is now trading at $84.12.
View the best growth stocks for 2022 here
.

When is Roku's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our ROKU earnings forecast
.

How were Roku's earnings last quarter?

Roku, Inc. (NASDAQ:ROKU) announced its earnings results on Thursday, July, 28th. The company reported ($0.82) earnings per share for the quarter, missing the consensus estimate of ($0.76) by $0.06. The company earned $764 million during the quarter, compared to analysts' expectations of $804.64 million. Roku had a negative trailing twelve-month return on equity of 1.66% and a negative net margin of 1.51%. Roku's revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 EPS.

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

Roku issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $700.00 million-$700.00 million, compared to the consensus revenue estimate of $901.73 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) raised $204 million in an IPO on Thursday, September 28th 2017. The company issued 15,700,000 shares at $12.00-$14.00 per share. Morgan Stanley and Citigroup acted as the underwriters for the IPO and Allen & Company, RBC Capital Markets, Needham & Company, Oppenheimer and William Blair were co-managers.

What is Roku's stock symbol?

Roku trades on the NASDAQ under the ticker symbol "ROKU."

Who are Roku's major shareholders?

Roku's stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (6.72%), Sumitomo Mitsui Trust Holdings Inc. (4.41%), Nikko Asset Management Americas Inc. (4.17%), Baillie Gifford & Co. (2.53%), Citadel Advisors LLC (0.00%) and State Street Corp (1.76%). Insiders that own company stock include Alan S Henricks, Anthony J Wood, Anthony J Wood, Mai Fyfield, Matthew Zinn, Mustafa Ozgen, Scott A Rosenberg, Stephen H Kay and Steve Louden.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Roku's stock price today?

One share of ROKU stock can currently be purchased for approximately $84.12.

How much money does Roku make?

Roku (NASDAQ:ROKU) has a market capitalization of $11.60 billion and generates $2.76 billion in revenue each year. The company earns $242.38 million in net income (profit) each year or ($0.36) on an earnings per share basis.

How many employees does Roku have?

The company employs 3,000 workers across the globe.

When was Roku founded?

Roku was founded in 2002.

How can I contact Roku?

Roku's mailing address is 1155 COLEMAN AVENUE, SAN JOS CA, 95110. The official website for the company is www.roku.com. The company can be reached via phone at (408) 556-9040 or via email at ir@roku.com.

This page (NASDAQ:ROKU) was last updated on 8/16/2022 by MarketBeat.com Staff

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