Headlines about Roku (NASDAQ:ROKU) have been trending somewhat positive on Tuesday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Roku earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.3026587260679 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
ROKU has been the subject of several research reports. UBS cut 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 target price for the company. Morgan Stanley boosted their target price 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. Oppenheimer cut shares of Roku to an “underperform” rating and set a $28.00 price objective for the company. in a research report on Sunday, November 26th. Finally, Vetr upgraded shares of Roku from a “buy” rating to a “strong-buy” rating and set a $43.26 price objective for the company in a research report on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Roku has a consensus rating of “Hold” and an average target price of $34.32.
Roku (NASDAQ ROKU) traded down $1.82 during trading on Tuesday, hitting $41.73. 5,744,100 shares of the stock were exchanged, compared to its average volume of 10,932,358. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of -0.09. Roku has a fifty-two week low of $15.75 and a fifty-two week high of $51.80.
Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating 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. equities research analysts anticipate that Roku will post -2.32 EPS for the current fiscal year.
In other Roku news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $14.00, for a total value of $96,600,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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Roku Company Profile
Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.
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