Roku shares snapped six straight sessions of gains, as the stock closed over 4.6% down at $76.71 on Thursday.
The San Jose, California-based streaming company gained over 9% in the preceding six sessions. The stock has risen more than 6% so far this year, compared to the over 2% rise in the broader S&P 500 Index.
ROKU is up 12% over the past one month. The stock closed 0.7% higher on Wednesday at $80.48.
Looking at Seeking Alpha’s Quant Rating, ROKU has a Hold rating with a score of 3.29 out of 5. The company received A+ for growth, while it got a C+ in the prospect of profitability.
Turning to the Wall Street community, 15 analysts gave ROKU a Buy and above. 15 analysts have given the stock a Hold recommendation, and one recommended Strong Sell.
Seeking Alpha analysts are also bullish and see the stock as a Buy.
Roku, in May, beat Wall Street’s estimates with its first quarter results, with revenue increasing more than 15% during the quarter.
A recent Seeking Alpha analysis by Stone Fox Capital pointed out that Roku continues reporting rapidly improving financials, but the biggest risk for the company is the shifting landscape in the streaming market, leading to another platform replacing Roku. MSN