Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Roku (NASDAQ:ROKU) Share Price

News stories about Roku (NASDAQ:ROKU) have been trending somewhat positive on Sunday, Accern reports. The research group identifies negative and positive press 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 news impact score of 0.16 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.362321152947 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

Shares of Roku (NASDAQ:ROKU) traded up $0.54 during mid-day trading on Friday, reaching $40.46. The company had a trading volume of 2,846,383 shares, compared to its average volume of 5,350,000. The stock has a market cap of $3,960.00 and a price-to-earnings ratio of -56.99. The company has a debt-to-equity ratio of -0.09, a current ratio of 1.36 and a quick ratio of 1.11. Roku has a one year low of $15.75 and a one year high of $58.80.

Roku (NASDAQ:ROKU) last issued 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. The business’s revenue for the quarter was up 40.1% on a year-over-year basis. equities analysts predict that Roku will post -2.32 earnings per share for the current year.

ROKU has been the topic of several recent research reports. Vetr raised Roku from a “buy” rating to a “strong-buy” rating and set a $50.90 target price on the stock in a research report on Wednesday, November 29th. Morgan Stanley initiated coverage on Roku in a research report on Monday, October 23rd. They set an “equal weight” rating and a $22.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price (up previously from $28.00) on shares of Roku in a research report on Monday, November 27th. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Wednesday, January 10th. Finally, UBS Group lowered Roku from a “market perform” rating to an “underperform” rating in a report on Tuesday, November 14th. Four analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.16.

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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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