Roku (NASDAQ:ROKU) Getting Favorable News Coverage, Analysis Shows

News stories about Roku (NASDAQ:ROKU) have trended positive this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Roku earned a media sentiment score of 3.00 on their scale. InfoTrie also gave press coverage about the company an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have effected Roku’s ranking:

Shares of NASDAQ:ROKU traded down $4.08 on Friday, reaching $144.26. The company had a trading volume of 15,719,648 shares, compared to its average volume of 21,737,628. The stock has a market capitalization of $17.43 billion, a P/E ratio of -1,803.25 and a beta of 1.72. The stock has a 50-day moving average price of $144.89 and a 200 day moving average price of $121.53. Roku has a twelve month low of $26.30 and a twelve month high of $176.55.

Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.06. The firm had revenue of $260.90 million for the quarter, compared to the consensus estimate of $257.64 million. Roku had a negative net margin of 3.77% and a negative return on equity of 9.79%. The business’s quarterly revenue was up 50.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) EPS. On average, research analysts anticipate that Roku will post -0.53 EPS for the current year.

A number of research analysts have commented on ROKU shares. Bank of America boosted their target price on Roku from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 15th. ValuEngine downgraded Roku from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Macquarie raised their price target on Roku from $130.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Royal Bank of Canada lifted their price target on Roku from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC boosted their price target on Roku from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Five analysts have rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $127.28.

In related news, Director Alan S. Henricks sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $130.08, for a total transaction of $650,400.00. Following the transaction, the director now directly owns 10,222 shares in the company, valued at $1,329,677.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $102.94, for a total value of $3,602,900.00. Over the last ninety days, insiders sold 288,775 shares of company stock worth $40,690,465. 22.70% of the stock is currently owned by company insiders.

About Roku

Roku, Inc 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 sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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