Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Roku (ROKU) Share Price
News stories about Roku (NASDAQ:ROKU) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Roku earned a news impact score of 0.10 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.3026587260679 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Head-To-Head Review: Live Nation Entertainment (LYV) and Roku (ROKU) (americanbankingnews.com)
- 3 Reasons The Roku Channel Is So Important to Roku's Future (finance.yahoo.com)
- Ad-Supported OTT Isn’t A Fad, It’s The Future (finance.yahoo.com)
- Analyzing Roku (ROKU) & Live Nation Entertainment (LYV) (americanbankingnews.com)
- Tune In to Roku Inc on Any Pullback (investorplace.com)
A number of equities research analysts have issued reports on ROKU shares. UBS AG downgraded shares of Roku from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 14th. Needham & Company LLC began coverage on shares of Roku in a research note on Monday, October 23rd. They issued a “buy” rating and a $28.00 price target on the stock. Morgan Stanley raised their price target on shares of Roku from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Citigroup Inc. began coverage on shares of Roku in a research note on Monday, October 23rd. They issued a “neutral” rating and a $24.00 price target on the stock. Finally, Oppenheimer Holdings, Inc. restated an “underperform” rating on shares of Roku in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Roku presently has an average rating of “Hold” and a consensus price target of $26.20.
Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.68) by $1.58. The company had revenue of $124.80 million during the quarter, compared to analyst estimates of $110.47 million. The business’s quarterly revenue was up 40.1% on a year-over-year basis. analysts expect that Roku will post -2.32 earnings per share for the current year.
In related news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of Roku stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $14.00, for a total transaction of $96,600,000.00. The transaction was disclosed in a filing with the SEC, 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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