Roku (NASDAQ:ROKU) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 21st. Analysts expect Roku to post earnings of $0.01 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Shares of Roku stock opened at $50.20 on Thursday. The stock has a market capitalization of $5.37 billion, a PE ratio of -22.41 and a beta of 3.66. Roku has a 52-week low of $26.30 and a 52-week high of $77.57.
In related news, CEO Anthony J. Wood sold 35,000 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $31.37, for a total transaction of $1,097,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen H. Kay sold 36,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $41.59, for a total transaction of $1,497,240.00. The disclosure for this sale can be found here. Insiders have sold 174,639 shares of company stock valued at $6,541,015 in the last ninety days. 0.55% of the stock is currently owned by company insiders.
A number of equities research analysts have recently issued reports on the stock. Wedbush set a $65.00 target price on shares of Roku and gave the company a “buy” rating in a research report on Thursday, November 8th. BidaskClub raised shares of Roku from a “hold” rating to a “buy” rating in a research report on Saturday, November 3rd. Royal Bank of Canada raised shares of Roku from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $48.00 to $70.00 in a research report on Friday, October 19th. Zacks Investment Research raised shares of Roku from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Tuesday, November 6th. Finally, Morgan Stanley boosted their target price on shares of Roku from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $55.19.
Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.
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