Seaport Res Ptn Has Positive Outlook of Roku FY2024 Earnings

Roku, Inc. (NASDAQ:ROKU) – Equities research analysts at Seaport Res Ptn raised their FY2024 earnings per share estimates for shares of Roku in a research note issued on Wednesday, October 30th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings per share of ($1.18) for the year, up from their prior forecast of ($1.32). The consensus estimate for Roku’s current full-year earnings is ($1.41) per share. Seaport Res Ptn also issued estimates for Roku’s Q4 2024 earnings at ($0.53) EPS, Q1 2025 earnings at ($0.32) EPS, Q2 2025 earnings at ($0.20) EPS, Q4 2025 earnings at ($0.52) EPS, FY2025 earnings at ($1.09) EPS and FY2026 earnings at ($0.58) EPS.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.30% and a negative net margin of 4.42%. Roku’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned ($2.33) earnings per share.

Other equities analysts also recently issued reports about the stock. Loop Capital increased their price objective on shares of Roku from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday. Robert W. Baird lifted their price objective on Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Macquarie reissued an “outperform” rating and set a $90.00 target price on shares of Roku in a report on Thursday. Wells Fargo & Company lifted their price target on Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Morgan Stanley raised their price objective on Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $83.95.

Roku Stock Performance

Roku stock opened at $65.70 on Monday. The stock has a market capitalization of $9.51 billion, a P/E ratio of -54.75 and a beta of 2.07. The company’s fifty day moving average price is $73.22 and its 200 day moving average price is $63.79. Roku has a 1 year low of $48.33 and a 1 year high of $108.84.

Insider Buying and Selling at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.25, for a total value of $76,250.00. Following the transaction, the chief financial officer now owns 53,267 shares of the company’s stock, valued at $4,061,608.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $77.20, for a total value of $1,930,000.00. Following the sale, the chief executive officer now owns 5,020 shares in the company, valued at approximately $387,544. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total value of $76,250.00. Following the transaction, the chief financial officer now directly owns 53,267 shares in the company, valued at approximately $4,061,608.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,566 shares of company stock worth $5,254,000 over the last quarter. 13.98% of the stock is currently owned by company insiders.

Institutional Trading of Roku

Several hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its holdings in shares of Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Roku in the third quarter worth $43,000. Geneos Wealth Management Inc. increased its position in shares of Roku by 835.6% during the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after acquiring an additional 610 shares during the period. Cedar Wealth Management LLC acquired a new stake in shares of Roku in the second quarter valued at $48,000. Finally, Natixis purchased a new position in Roku in the first quarter valued at $53,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. 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 Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.