Media coverage about Roku (NASDAQ:ROKU) has trended somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Roku earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.0866810225571 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
- Live Nation Entertainment (LYV) & Roku (ROKU) Head to Head Survey (americanbankingnews.com)
- Roku: Sell The Explosion – Seeking Alpha (seekingalpha.com)
- Can Roku Inc Stock Continue to Jump Higher? | InvestorPlace – Investorplace.com (investorplace.com)
- Roku, Inc. Could Be Experiencing a Short Squeeze | Business … – Madison.com (host.madison.com)
- Why Roku Inc Stock Popped Monday – Motley Fool (fool.com)
Shares of Roku (NASDAQ:ROKU) traded up $9.46 during trading on Tuesday, reaching $42.71. The company had a trading volume of 53,078,300 shares, compared to its average volume of 8,700,260. Roku has a 1-year low of $15.75 and a 1-year high of $47.49.
Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.68) by $1.58. The firm had revenue of $124.80 million during the quarter, compared to analysts’ expectations of $110.47 million. Roku’s quarterly revenue was up 40.1% compared to the same quarter last year. analysts anticipate that Roku will post -2.32 EPS for the current fiscal year.
ROKU has been the topic of a number of recent analyst reports. Needham & Company LLC initiated coverage on Roku in a report on Monday, October 23rd. They set a “buy” rating and a $28.00 price target on the stock. Morgan Stanley lifted their price target on Roku from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Citigroup Inc. initiated coverage on Roku in a report on Monday, October 23rd. They set a “neutral” rating and a $24.00 price target on the stock. William Blair initiated coverage on Roku in a report on Monday, October 23rd. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $28.00 price target (up from $26.00) on shares of Roku in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.20.
In other Roku news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $14.00, for a total value of $96,600,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.
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