Roku, Inc. (NASDAQ:ROKU – Free Report) – William Blair issued their FY2025 EPS estimates for Roku in a research note issued to investors on Thursday, November 2nd. William Blair analyst R. Schackart expects that the company will post earnings of ($2.30) per share for the year. The consensus estimate for Roku’s current full-year earnings is ($5.50) per share.
A number of other brokerages also recently weighed in on ROKU. Rosenblatt Securities upped their price target on shares of Roku from $70.00 to $83.00 and gave the company a “neutral” rating in a report on Thursday, September 7th. Wells Fargo & Company upped their price target on shares of Roku from $63.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday, July 28th. Loop Capital downgraded Roku from a “buy” rating to a “hold” rating and set a $85.00 price objective on the stock. in a report on Thursday, September 7th. Citigroup cut their price objective on Roku from $100.00 to $78.00 and set a “neutral” rating on the stock in a report on Wednesday, September 27th. Finally, Pivotal Research upgraded Roku from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $58.00 to $75.00 in a report on Thursday. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Roku currently has a consensus rating of “Hold” and a consensus target price of $81.26.
Roku Trading Up 8.6 %
Shares of NASDAQ ROKU opened at $84.75 on Friday. Roku has a twelve month low of $38.26 and a twelve month high of $98.44. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of -13.74 and a beta of 1.75. The firm has a 50-day moving average of $71.49 and a two-hundred day moving average of $69.00.
Roku (NASDAQ:ROKU – Get Free Report) last announced its quarterly earnings results on Wednesday, November 1st. The company reported ($2.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.91) by ($0.42). The firm had revenue of $912.02 million for the quarter, compared to analyst estimates of $856.98 million. Roku had a negative net margin of 25.79% and a negative return on equity of 33.70%. The business’s revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.88) EPS.
Institutional Trading of Roku
Several large investors have recently modified their holdings of ROKU. Quarry LP acquired a new stake in shares of Roku during the 2nd quarter worth $25,000. ICA Group Wealth Management LLC acquired a new stake in Roku in the fourth quarter valued at about $25,000. Machina Capital S.A.S. acquired a new stake in Roku in the first quarter valued at about $26,000. Spire Wealth Management boosted its stake in Roku by 58.3% in the second quarter. Spire Wealth Management now owns 459 shares of the company’s stock valued at $29,000 after buying an additional 169 shares in the last quarter. Finally, Manchester Capital Management LLC acquired a new stake in Roku in the first quarter valued at about $44,000. 69.21% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Roku
In other Roku news, CAO Matthew C. Banks sold 1,259 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $82.69, for a total value of $104,106.71. Following the transaction, the chief accounting officer now directly owns 6,017 shares of the company’s stock, valued at approximately $497,545.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Roku news, CAO Matthew C. Banks sold 1,259 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $82.69, for a total value of $104,106.71. Following the transaction, the chief accounting officer now directly owns 6,017 shares of the company’s stock, valued at approximately $497,545.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Matthew C. Banks sold 2,296 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $85.03, for a total value of $195,228.88. Following the sale, the chief accounting officer now directly owns 3,100 shares in the company, valued at $263,593. The disclosure for this sale can be found here. Insiders have sold a total of 17,988 shares of company stock valued at $1,473,024 in the last ninety days. 13.63% of the stock is currently owned by corporate insiders.
About Roku
Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.
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