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.

Analysts Set New Price Targets

Several brokerages have issued reports on ROKU. Pivotal Research dropped their target price on shares of Roku from $80.00 to $60.00 and set a "hold" rating for the company in a research report on Friday, July 29th. Truist Financial decreased their price target on shares of Roku from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Roku from $210.00 to $150.00 in a research note on Friday, April 29th. Needham & Company LLC decreased their price target on shares of Roku from $205.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, July 29th. Finally, TheStreet downgraded shares of Roku from a "c-" rating to a "d+" rating in a research note on Monday, June 13th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Roku has a consensus rating of "Hold" and a consensus target price of $141.15.

Roku Trading Up 1.2 %

NASDAQ:ROKU traded up $0.98 during mid-day trading on Friday, reaching $82.26. The company's stock had a trading volume of 10,196,855 shares, compared to its average volume of 12,259,358. Roku has a 12-month low of $62.00 and a 12-month high of $412.00. The firm's fifty day moving average price is $86.94 and its two-hundred day moving average price is $109.16. The stock has a market cap of $11.18 billion, a P/E ratio of -228.50 and a beta of 1.73.

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

Insiders Place Their Bets

In other Roku news, VP Scott A. Rosenberg sold 1,957 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 value of $182,803.37. Following the completion of the transaction, the vice president now owns 78,676 shares of the company's stock, valued at approximately $7,349,125.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Scott A. Rosenberg sold 1,957 shares of the company's stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $93.41, for a total transaction of $182,803.37. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mustafa Ozgen sold 4,973 shares of the company's stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $100.00, for a total transaction of $497,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,598 shares of company stock valued at $742,501. 15.32% of the stock is owned by insiders.