Roku (ROKU) Expected to Announce Earnings on Thursday

Roku (NASDAQ:ROKU) is expected to be announcing 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 that are interested in participating in the company’s conference call can do so using this link.

Roku Trading Down 0.5 %

Shares of NASDAQ ROKU opened at $84.60 on Tuesday. Roku has a 52 week low of $48.33 and a 52 week high of $99.80. The business’s 50 day moving average price is $79.84 and its 200 day moving average price is $72.84.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ROKU shares. Loop Capital raised their target price on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Piper Sandler boosted their price objective on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Citizens Jmp raised Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Macquarie reissued an “outperform” rating and issued a $90.00 price target on shares of Roku in a report on Thursday, October 31st. Finally, Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Roku has a consensus rating of “Moderate Buy” and a consensus target price of $83.18.

Insider Activity

In other news, CAO Matthew C. Banks sold 8,693 shares of Roku stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 7,264 shares of the company’s stock, valued at approximately $518,940.16. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now owns 65,555 shares of the company’s stock, valued at $4,916,625. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,885 shares of company stock valued at $5,712,912. 13.98% of the stock is currently owned by company insiders.

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.