Roku (ROKU) Expected to Announce Earnings on Thursday

Roku (NASDAQ:ROKU) is anticipated to release its earnings data 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

Roku Trading Down 2.2 %

ROKU stock opened at $82.75 on Wednesday. The company’s 50-day moving average price is $79.99 and its 200 day moving average price is $73.03. Roku has a 52 week low of $48.33 and a 52 week high of $99.80. The company has a market cap of $12.02 billion, a P/E ratio of -68.96 and a beta of 2.05.

Insiders Place Their Bets

In related news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the sale, the chief financial officer now owns 63,555 shares of the company’s stock, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,885 shares of company stock valued at $5,712,912. Insiders own 13.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Roku in a research note on Tuesday, January 7th. Wells Fargo & Company boosted their target price on Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. JMP Securities restated a “market outperform” rating and issued a $95.00 price target on shares of Roku in a research report on Monday, February 3rd. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Piper Sandler increased their price objective on shares of Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.18.

About Roku

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.