Somewhat Positive Media Coverage Somewhat Unlikely to Affect Roku (NASDAQ:ROKU) Share Price

Media stories about Roku (NASDAQ:ROKU) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Roku earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.0872164596937 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

Roku (ROKU) traded down $1.41 during midday trading on Friday, reaching $51.78. 3,512,941 shares of the company’s stock traded hands, compared to its average volume of 7,598,178. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of -0.09. Roku has a 52 week low of $15.75 and a 52 week high of $58.80.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, November 8th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($1.68) by $1.58. The business had revenue of $124.80 million for the quarter, compared to the consensus estimate of $110.47 million. The firm’s revenue for the quarter was up 40.1% on a year-over-year basis. research analysts forecast that Roku will post -2.32 EPS for the current fiscal year.

ROKU has been the subject of a number of recent research reports. Vetr raised shares of Roku from a “buy” rating to a “strong-buy” rating and set a $50.90 price objective for the company in a research report on Wednesday, November 29th. Citigroup began coverage on shares of Roku in a report on Monday, October 23rd. They issued a “neutral” rating and a $24.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $28.00 target price (up from $26.00) on shares of Roku in a research note on Thursday, November 9th. Morgan Stanley initiated coverage on shares of Roku in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $22.00 price target for the company. Finally, Oppenheimer reiterated an “underperform” rating on shares of Roku in a research report on Tuesday, November 14th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.32.

In related news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of Roku stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $14.00, for a total transaction of $96,600,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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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.

Insider Buying and Selling by Quarter for Roku (NASDAQ:ROKU)

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