Roku (ROKU) Expected to Announce Earnings on Thursday

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

Roku Price Performance

ROKU stock opened at $81.65 on Thursday. Roku has a 1 year low of $48.33 and a 1 year high of $99.80. The business’s 50-day moving average is $79.25 and its two-hundred day moving average is $72.42. The firm has a market capitalization of $11.86 billion, a P/E ratio of -68.04 and a beta of 2.05.

Insider Activity at Roku

In other news, CAO Matthew C. Banks sold 8,693 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the transaction, the chief accounting officer now owns 7,264 shares in the company, valued at approximately $518,940.16. This trade represents a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the transaction, the chief financial officer now owns 65,555 shares in the company, valued at approximately $4,916,625. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,885 shares of company stock worth $5,712,912 in the last ninety days. 13.98% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $70.00 to $90.00 in a research note on Monday, November 18th. Macquarie reiterated an “outperform” rating and set a $90.00 price target on shares of Roku in a report on Thursday, October 31st. UBS Group began coverage on Roku in a report on Friday, November 22nd. They issued a “neutral” rating and a $73.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price target on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.