Roku, Inc. (NASDAQ:ROKU – Get Rating) – Equities research analysts at Jefferies Financial Group upped their FY2022 earnings per share (EPS) estimates for shares of Roku in a report issued on Thursday, January 12th. Jefferies Financial Group analyst A. Uerkwitz now forecasts that the company will earn ($3.37) per share for the year, up from their prior forecast of ($3.43). Jefferies Financial Group has a “Underperform” rating and a $30.00 price objective on the stock. The consensus estimate for Roku’s current full-year earnings is ($3.65) per share. Jefferies Financial Group also issued estimates for Roku’s Q4 2022 earnings at ($1.47) EPS, Q1 2023 earnings at ($0.66) EPS, Q2 2023 earnings at ($1.01) EPS, Q3 2023 earnings at ($1.14) EPS, Q4 2023 earnings at ($1.38) EPS, FY2023 earnings at ($4.19) EPS, FY2024 earnings at ($2.14) EPS, FY2025 earnings at $0.00 EPS and FY2026 earnings at $0.89 EPS.
Several other brokerages have also weighed in on ROKU. Rosenblatt Securities lowered Roku from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $100.00 to $51.00 in a research report on Thursday, November 3rd. Oppenheimer raised their price target on Roku from $58.00 to $70.00 in a report on Friday, November 18th. Morgan Stanley lowered their price target on Roku from $50.00 to $45.00 and set an “underweight” rating on the stock in a report on Thursday, November 3rd. DA Davidson lowered their price target on Roku from $130.00 to $80.00 in a report on Thursday, November 3rd. Finally, Pivotal Research decreased their target price on Roku from $60.00 to $40.00 and set a “sell” rating for the company in a research note on Thursday, November 3rd. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Roku has an average rating of “Hold” and an average target price of $88.96.
Roku Price Performance
Roku (NASDAQ:ROKU – Get Rating) last issued its earnings results on Wednesday, November 2nd. The company reported ($0.88) earnings per share for the quarter, topping the consensus estimate of ($1.37) by $0.49. Roku had a negative return on equity of 8.50% and a negative net margin of 7.59%. The firm had revenue of $761.37 million for the quarter, compared to analyst estimates of $698.93 million.
In other news, insider Gidon Katz sold 7,010 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $56.46, for a total value of $395,784.60. Following the completion of the sale, the insider now directly owns 13,917 shares in the company, valued at approximately $785,753.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Roku news, insider Gidon Katz sold 7,010 shares of Roku stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $56.46, for a total transaction of $395,784.60. Following the completion of the transaction, the insider now owns 13,917 shares in the company, valued at approximately $785,753.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen H. Kay sold 1,469 shares of Roku stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $56.46, for a total value of $82,939.74. Following the transaction, the senior vice president now owns 81,290 shares of the company’s stock, valued at approximately $4,589,633.40. The disclosure for this sale can be found here. Insiders sold a total of 10,519 shares of company stock worth $599,411 in the last three months. Company insiders own 13.79% of the company’s stock.
Hedge Funds Weigh In On Roku
Hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Management LLC bought a new stake in shares of Roku in the 1st quarter worth approximately $955,000. Synovus Financial Corp raised its stake in shares of Roku by 45.2% during the first quarter. Synovus Financial Corp now owns 3,501 shares of the company’s stock valued at $448,000 after acquiring an additional 1,090 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Roku by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 94,224 shares of the company’s stock worth $11,806,000 after buying an additional 2,130 shares in the last quarter. Cetera Investment Advisers raised its stake in Roku by 32.5% in the first quarter. Cetera Investment Advisers now owns 10,620 shares of the company’s stock worth $1,330,000 after buying an additional 2,605 shares in the last quarter. Finally, Brighton Jones LLC increased its stake in shares of Roku by 8.6% during the first quarter. Brighton Jones LLC now owns 1,874 shares of the company’s stock valued at $235,000 after purchasing an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 66.11% of the company’s stock.
Roku Company Profile
Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.
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