William Blair Estimates Roku’s FY2024 Earnings (NASDAQ:ROKU)

Roku, Inc. (NASDAQ:ROKU) – Research analysts at William Blair raised their FY2024 EPS estimates for shares of Roku in a research report issued to clients and investors on Wednesday, October 30th. William Blair analyst R. Schackart now expects that the company will earn ($1.10) per share for the year, up from their previous estimate of ($1.36). The consensus estimate for Roku’s current full-year earnings is ($1.41) per share. William Blair also issued estimates for Roku’s Q4 2024 earnings at ($0.45) EPS, Q1 2025 earnings at ($0.37) EPS, Q2 2025 earnings at ($0.26) EPS, Q3 2025 earnings at ($0.19) EPS, Q4 2025 earnings at ($0.20) EPS and FY2025 earnings at ($1.00) EPS.

ROKU has been the subject of a number of other research reports. Wedbush lifted their price objective on shares of Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Bank of America lifted their price target on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Loop Capital increased their price objective on Roku from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday. Wolfe Research upgraded Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective on the stock in a report on Thursday, September 12th. Finally, Rosenblatt Securities upped their target price on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $83.95.

Roku Trading Up 2.5 %

NASDAQ:ROKU opened at $65.70 on Monday. The stock has a fifty day simple moving average of $73.22 and a 200-day simple moving average of $63.79. The company has a market cap of $9.51 billion, a price-to-earnings ratio of -54.75 and a beta of 2.07. Roku has a twelve month low of $48.33 and a twelve month high of $108.84.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative return on equity of 7.30% and a negative net margin of 4.42%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted ($2.33) earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. PFG Investments LLC grew its stake in shares of Roku by 3.7% during the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock worth $310,000 after purchasing an additional 150 shares during the period. Mcdonald Partners LLC increased its holdings in Roku by 0.9% in the second quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock valued at $1,175,000 after buying an additional 175 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Roku by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after acquiring an additional 202 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Roku by 11.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock worth $165,000 after acquiring an additional 222 shares in the last quarter. Finally, Beacon Capital Management LLC grew its position in shares of Roku by 17.7% during the 1st quarter. Beacon Capital Management LLC now owns 1,547 shares of the company’s stock valued at $101,000 after acquiring an additional 233 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the completion of the sale, the insider now owns 38,602 shares of the company’s stock, valued at $2,485,582.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the sale, the insider now owns 38,602 shares in the company, valued at $2,485,582.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.25, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 69,566 shares of company stock worth $5,254,000 in the last 90 days. Insiders own 13.98% of the company’s stock.

About Roku

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.