Roku (ROKU) Set to Announce Quarterly Earnings on Thursday

Roku (NASDAQ:ROKUGet Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of ($0.65) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Roku Trading Up 2.9 %

NASDAQ:ROKU opened at $98.57 on Tuesday. The company has a market cap of $14.05 billion, a PE ratio of -15.98 and a beta of 1.80. Roku has a twelve month low of $51.62 and a twelve month high of $108.84. The company’s 50 day moving average is $92.58 and its two-hundred day moving average is $83.69.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $90.50, for a total value of $2,262,500.00. Following the transaction, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at $12,780,500.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Anthony J. Wood sold 3,333 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $89.03, for a total value of $296,736.99. Following the transaction, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at $12,572,905.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $90.50, for a total transaction of $2,262,500.00. Following the completion of the transaction, the chief executive officer now owns 141,221 shares of the company’s stock, valued at approximately $12,780,500.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,418 shares of company stock valued at $11,979,970. Corporate insiders own 13.63% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. US Bancorp DE increased its position in shares of Roku by 48.5% in the 4th quarter. US Bancorp DE now owns 5,973 shares of the company’s stock valued at $547,000 after purchasing an additional 1,950 shares during the last quarter. Franklin Resources Inc. raised its stake in Roku by 85.6% in the fourth quarter. Franklin Resources Inc. now owns 6,028 shares of the company’s stock valued at $553,000 after buying an additional 2,781 shares in the last quarter. American Century Companies Inc. raised its stake in Roku by 36.1% in the third quarter. American Century Companies Inc. now owns 16,983 shares of the company’s stock valued at $1,199,000 after buying an additional 4,505 shares in the last quarter. Comerica Bank acquired a new stake in Roku in the third quarter valued at $165,000. Finally, Diversified Trust Co acquired a new stake in Roku in the third quarter valued at $270,000. Institutional investors and hedge funds own 69.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Seaport Res Ptn lowered shares of Roku from a “neutral” rating to a “sell” rating in a research note on Monday, December 18th. Susquehanna increased their price objective on shares of Roku from $95.00 to $100.00 and gave the stock a “positive” rating in a research note on Thursday, November 2nd. Moffett Nathanson lowered shares of Roku from a “market perform” rating to a “sell” rating and increased their price objective for the stock from $64.00 to $66.00 in a research note on Friday, December 15th. Truist Financial cut their price objective on shares of Roku from $80.00 to $70.00 and set a “hold” rating on the stock in a research note on Monday, October 23rd. Finally, Cannonball Research upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $116.00 price objective on the stock in a research note on Monday, November 27th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Roku has an average rating of “Hold” and an average price target of $85.61.

Check Out Our Latest Research Report on ROKU

Roku Company Profile

(Get Free Report)

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. 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 company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.

See Also

Earnings History for Roku (NASDAQ:ROKU)

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