Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Roku (ROKU) Share Price
News articles about Roku (NASDAQ:ROKU) have trended somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Roku earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the company an impact score of 44.7627758703573 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Stocks News- Roku, Inc. (NASDAQ:ROKU), SM Energy Company (NYSE:SM), LPL Financial Holdings Inc. (NASDAQ … (journalfinance.net)
- Roku, Inc. (NASDAQ:ROKU), Terex Corporation (NYSE:TEX) (thestreetpoint.com)
- TCL’s New 2018 5-Series Roku TVs With 4K Dolby Vision HDR Are Now On Sale (cordcuttersnews.com)
- Lurching Stocks – Roku, Inc., NASDAQ: ROKU), Exelon Corporation, (NYSE: EXC) (dailynysenews.com)
- Point72 Asset Management, LP Shows New 5.1% Stake in Roku (ROKU) (streetinsider.com)
ROKU has been the topic of a number of research analyst reports. Vetr downgraded shares of Roku from a “buy” rating to a “hold” rating and set a $50.90 price target on the stock. in a research note on Monday, December 18th. Morgan Stanley downgraded shares of Roku from an “equal weight” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research note on Thursday, January 4th. Zacks Investment Research raised shares of Roku from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Thursday, January 4th. Citigroup downgraded shares of Roku from a “neutral” rating to a “sell” rating and set a $24.00 target price on the stock. in a research note on Friday, January 5th. Finally, BidaskClub downgraded shares of Roku from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.36.
Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, February 21st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.17. The business had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $182.54 million. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. analysts predict that Roku will post -0.47 earnings per share for the current year.
In other Roku news, major shareholder Globespan Capital Partners V. L sold 1,596,131 shares of the business’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $32.99, for a total transaction of $52,656,361.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stephen H. Kay sold 36,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $30.73, for a total transaction of $1,106,280.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,777,131 shares of company stock worth $58,524,942.
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Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.
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