Roku (ROKU) Expected to Announce Quarterly Earnings on Thursday

Roku (NASDAQ:ROKU) is expected to post its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Roku to post earnings of ($0.41) per share and revenue of $1.15 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Roku Trading Down 2.2 %

Roku stock opened at $82.75 on Wednesday. The company has a fifty day simple moving average of $79.99 and a 200-day simple moving average of $73.03. The stock has a market cap of $12.02 billion, a P/E ratio of -68.96 and a beta of 2.05. Roku has a 12-month low of $48.33 and a 12-month high of $99.80.

Insider Buying and Selling at Roku

In related news, insider Charles Collier sold 10,771 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.14, for a total value of $766,248.94. Following the completion of the sale, the insider now owns 3,790 shares in the company, valued at $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew C. Banks sold 8,693 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $71.44, for a total value of $621,027.92. Following the transaction, the chief accounting officer now owns 7,264 shares in the company, valued at $518,940.16. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,885 shares of company stock valued at $5,712,912. 13.98% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ROKU shares. Rosenblatt Securities lifted their price target on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Moffett Nathanson cut Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price for the company. in a research note on Friday, January 10th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Roku in a research note on Tuesday, January 7th. Robert W. Baird upgraded shares of Roku from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Roku in a research report on Monday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.18.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. 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 Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.