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.

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.