Roku Inc (ROKU) Receives a Hold from Citigroup

By Carrie Williams

In a report released today, Mark May from Citigroup maintained a Hold rating on Roku Inc (ROKUResearch Report), with a price target of $44. The company’s shares closed on Friday at $39.57.

According to TipRanks.com, May is a 5-star analyst with an average return of 11.4% and a 62.4% success rate. May covers the Technology sector, focusing on stocks such as Upwork Inc, Criteo SA, and Facebook.

Roku Inc has an analyst consensus of Moderate Buy, with a price target consensus of $52.25.

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Based on Roku Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $9.53 million. In comparison, last year the company had a net profit of $6.94 million.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ROKU in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Roku Inc. engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website.