The stock of Roku Inc. (NASDAQ:ROKU) last traded at $52.23, down -3.31% from the previous session.
Data from the available sources indicates that Roku Inc. (NASDAQ:ROKU) is covered by 32 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $90.00 and a low of $41.00, we find $74.00. Given the previous closing price of $54.02, this indicates a potential upside of 36.99 percent. ROKU stock price is now -13.58% away from the 50-day moving average and -12.09% away from the 200-day moving average. The market capitalization of the company currently stands at $7.78B.
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In total, 13 analysts have assigned it a hold rating, and 13 have given it a buy rating. Brokers who have rated the stock have averaged $69.40 as their price target over the next twelve months.
With the price target reduced from $67 to $63, Wells Fargo maintained Equal Weight rating for Roku Inc. (NASDAQ: ROKU). On April 27, 2023, Rosenblatt reiterated its ‘Neutral’ rating on the stock by increasing its target price from $64 to quote $61, while ‘Pivotal Research Group’ rates the stock as ‘Sell’.
In other news, Katz Gidon, President, Consumer Experience sold 3,694 shares of the company’s stock on May 10. The stock was sold for $212,405 at an average price of $57.50. Upon completion of the transaction, the President, Consumer Experience now directly owns 15,450 shares in the company, valued at $0.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03, SVP, Corporate Development Fuchsberg Gilbert sold 2,089 shares of the business’s stock. A total of $134,406 was realized by selling the stock at an average price of $64.34. This leaves the insider owning 33,014 shares of the company worth $1.72 million. Insiders disposed of 313,193 shares of company stock worth roughly $16.36 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ROKU stock. A new stake in Roku Inc. shares was purchased by J. GOLDMAN & CO LP during the first quarter worth $20,699,000. WORLDQUANT MILLENNIUM ADVISORS LLC invested $11,422,000 in shares of ROKU during the first quarter. In the first quarter, JACOBS LEVY EQUITY MANAGEMENT, INC acquired a new stake in Roku Inc. valued at approximately $7,016,000. ASSENAGON ASSET MANAGEMENT S.A. acquired a new stake in ROKU for approximately $4,825,000. CONTOUR ASSET MANAGEMENT LLC purchased a new stake in ROKU valued at around $4,648,000 in the second quarter. In total, there are 720 active investors with 77.80% ownership of the company’s stock.
With an opening price of $53.44 on Tuesday morning, Roku Inc. (NASDAQ: ROKU) set off the trading day. During the past 12 months, Roku Inc. has had a low of $38.26 and a high of $105.85. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.10, and a quick ratio of 3.00. The fifty day moving average price for ROKU is $60.21 and a two-hundred day moving average price translates $59.35 for the stock.
The latest earnings results from Roku Inc. (NASDAQ: ROKU) was released for Mar, 2023. According to the Entertainment Company, earnings per share came in at -$1.38, missing analysts’ expectations of -$1.37 by -0.01. This compares to -$0.19 EPS in the same period last year. The net profit margin was -21.20% and return on equity was -24.70% for ROKU. The company reported revenue of $740.99 million for the quarter, compared to $733.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.99 percent. For the current quarter, analysts expect ROKU to generate $773.69M in revenue.
Roku Inc.(ROKU) Company Profile
Roku, Inc., together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device. In addition, it offers billing services; and brand sponsorship and promotions, as well as manufactures, sells, and licenses smart TVs under the Roku TV name. Further, the company provides streaming players, audio products, and smart home products and accessories under the Roku brand name. It offers its products and services through retailers and distributors, as well as directly to customers through its website in the United States, Mexico, Canada, the United Kingdom, Brazil, and Germany. Roku, Inc. was incorporated in 2002 and is headquartered in San Jose, California.
