Roku Inc. (NASDAQ:ROKU) shares traded -3.50% lower at $81.30 on Wall Street last session.
In accordance with the data, 34 analysts cover Roku Inc. (NASDAQ:ROKU). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $115.00 and a low of $50.00, we find $88.25. Given the previous closing price of $84.25, this indicates a potential upside of 4.75 percent. ROKU stock price is now 3.56% away from the 50-day moving average and 29.12% away from the 200-day moving average. The market capitalization of the company currently stands at $11.53B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
It has been rated a hold by 18 analysts and a buy by 11. Brokers who have rated the stock have averaged $86.21 as their price target over the next twelve months.
With the price target enhanced from $93 to $100, Wedbush maintained Outperform rating for Roku Inc. (NASDAQ: ROKU).
In other news, Collier Charles, President, Roku Media sold 14,172 shares of the company’s stock on Sep 06. The stock was sold for $1,316,437 at an average price of $92.89. Upon completion of the transaction, the President, Roku Media now directly owns 16,569 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06, SVP, Corporate Development Fuchsberg Gilbert sold 1,596 shares of the business’s stock. A total of $148,252 was realized by selling the stock at an average price of $92.89. This leaves the insider owning 33,670 shares of the company worth $2.74 million. Insiders disposed of 198,286 shares of company stock worth roughly $16.12 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 CONTRARIUS INVESTMENT MANAGEMENT LTD during the first quarter worth $80,786,000. CLEAR STREET LLC invested $45,528,000 in shares of ROKU during the first quarter. In the first quarter, COATUE MANAGEMENT LLC acquired a new stake in Roku Inc. valued at approximately $34,862,000. OGBORNE CAPITAL MANAGEMENT, LLC acquired a new stake in ROKU for approximately $16,260,000. ZENO RESEARCH, LLC purchased a new stake in ROKU valued at around $5,160,000 in the second quarter. In total, there are 740 active investors with 77.80% ownership of the company’s stock.
Roku Inc. (NASDAQ: ROKU) opened at $83.66 on Tuesday. During the past 12 months, Roku Inc. has had a low of $38.26 and a high of $98.44. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.80, and a quick ratio of 2.70. The fifty day moving average price for ROKU is $78.85 and a two-hundred day moving average price translates $63.10 for the stock.
The latest earnings results from Roku Inc. (NASDAQ: ROKU) was released for Jun, 2023. According to the Entertainment Company, earnings per share came in at -$0.76, beating analysts’ expectations of -$1.26 by 0.5. This compares to -$0.82 EPS in the same period last year. The net profit margin was -20.50% and return on equity was -25.10% for ROKU. The company reported revenue of $847.19 million for the quarter, compared to $764.41 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.83 percent. For the current quarter, analysts expect ROKU to generate $849.19M 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.
