Media stories about Roku (NASDAQ:ROKU) have trended neutral recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Roku earned a news sentiment score of 0.33 on their scale. InfoTrie also gave news coverage about the company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Roku’s ranking:
- Amazon Fire Stick vs. Roku: Which streaming device is best for your budget? (dailydot.com)
- As the streaming wars rage on, Roku thrives in its comfort zone (finance.yahoo.com)
- Insider Selling: Roku Inc (ROKU) SVP Sells 15,000 Shares of Stock (americanbankingnews.com)
- Why I changed my mind about volatile Roku stocks (msn.com)
- Roku Stock Rises Because a Bullish Analyst Is Keeping the Faith (barrons.com)
Shares of NASDAQ ROKU opened at $62.79 on Friday. Roku has a one year low of $26.30 and a one year high of $77.57. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of -784.88 and a beta of 3.90.
A number of equities analysts recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price target (up previously from $65.00) on shares of Roku in a research report on Thursday. SunTrust Banks increased their price target on Roku to $63.00 and gave the company a “hold” rating in a research report on Wednesday. They noted that the move was a valuation call. Macquarie lowered Roku from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $67.00 to $57.00 in a research report on Wednesday. Loop Capital lowered Roku from a “hold” rating to a “sell” rating and set a $45.00 price target for the company. in a research report on Wednesday. They noted that the move was a valuation call. Finally, DA Davidson increased their price target on Roku to $80.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.07.
In other news, SVP Stephen H. Kay sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $71.96, for a total transaction of $1,079,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Hastings sold 1,000 shares of the firm’s stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 433,639 shares of company stock valued at $22,880,175 over the last 90 days. Corporate insiders own 0.55% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This story was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://sportsperspectives.com/2019/03/16/neutral-press-coverage-extremely-likely-to-affect-roku-roku-stock-price.html.
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.
Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.