In yesterday’s Wall Street session, Roku Inc (NASDAQ:ROKU) shares traded at $92.97, up 3.88% from the previous session.
As of this writing, 31 analysts cover Roku Inc (NASDAQ:ROKU). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $115.00 and a low of $55.00, we find $86.50. Given the previous closing price of $89.50, this indicates a potential downside of -3.35 percent. ROKU stock price is now 29.01% away from the 50-day moving average and 36.34% away from the 200-day moving average. The market capitalization of the company currently stands at $13.25B.
There are 18 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $86.95 as their price target over the next twelve months.
With the price target enhanced from $58 to $75, Pivotal Research Group Upgraded its rating from Sell to Hold for Roku Inc (NASDAQ: ROKU).
In other news, Collier Charles, President, Roku Media sold 14,014 shares of the company’s stock on Nov 17. The stock was sold for $1,249,909 at an average price of $89.19. Upon completion of the transaction, the President, Roku Media now directly owns 16,569 shares in the company, valued at $1.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17, VP, Corp Controller & CAO Banks Matthew C. sold 6,794 shares of the business’s stock. A total of $605,957 was realized by selling the stock at an average price of $89.19. This leaves the insider owning 4,537 shares of the company worth $0.42 million. Insiders disposed of 333,258 shares of company stock worth roughly $30.98 million over the past 1 year. A total of 12.77% of the company’s stock is owned by insiders.
Friday morning saw Roku Inc (NASDAQ: ROKU) opened at $89.13. 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 0.29, a current ratio of 2.46, and a quick ratio of 2.37. The fifty day moving average price for ROKU is $72.25 and a two-hundred day moving average price translates $68.33 for the stock.
The latest earnings results from Roku Inc (NASDAQ: ROKU) was released for Sep, 2023. According to the Entertainment Company, earnings per share came in at -$2.33, missing analysts’ expectations of -$2.12 by -0.21. This compares to -$0.88 EPS in the same period last year. The net profit margin was -25.79% and return on equity was -34.16% for ROKU. The company reported revenue of $912.02 million for the quarter, compared to $761.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.79 percent. For the current quarter, analysts expect ROKU to generate $963.93M 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.