Roku Shares Crater Despite Reporting In-Line Revenue Results

Roku Shares Crater Despite Reporting In-Line Revenue Results

Research analysts predict that Roku Inc will post -0.5 EPS for the current year. World Asset Management Inc now owns 2,857 shares of the company's stock valued at $291,000 after buying an additional 163 shares during the last quarter. Rational Advisors LLC purchased a new stake in shares of Roku in the 3rd quarter valued at approximately $780,000. Vertical Group upgraded Roku from a "mixed" rating to a "positive" rating in a report on Wednesday, August 7th. Wedbush restated a "hold" rating and issued a $105.00 price target on shares of Roku in a report on Thursday. The company indicated that it expects $1.06 billion, missing on analysts' projections of $1.1 billion.

Reflecting growing competition in hardware used to deliver streaming services, Roku's stock tumbled 28% over three days in September after Comcast said it would offer internet customers a streaming media set top box for free. Due to the transaction and the company's performance in the third quarter, Roku raised its full-year 2019 revenue outlook to $1.106 billion, representing roughly 49% year over year growth. The company presently has an average rating of "Buy" and an average target price of $120.48. The business has a fifty day simple moving average of $122.96 and a 200-day simple moving average of $109.46. Roku has a twelve month low of $26.30 and a twelve month high of $176.55. But Morris reiterated his "buy" rating on the stock as he sees strong long-term potential for user growth. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The shares were sold at an average price of $137.75, for a total value of $1,653,000.00. Corporate insiders own 22.70% of the company's stock. The disclosure for this sale can be found here. CENTRAL TRUST Co now owns 295 shares of the company's stock valued at $30,000 after buying an additional 95 shares during the last quarter. This is evident in the launch of major new streaming services on our platform and by the growth in the number of advertisers who work with Roku. The company operates in two segments, Platform and Player.

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In positive news, the company grew its active accounts to 32.3 million from 30.5 million during the previous quarter (and against 23.8 million in the third quarter of 2018).

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