Roku Inc (NASDAQ:ROKU) – Investment analysts at SunTrust Banks issued their Q4 2018 earnings per share (EPS) estimates for Roku in a research note issued on Tuesday, January 8th. SunTrust Banks analyst M. Thornton anticipates that the company will post earnings of $0.01 per share for the quarter. SunTrust Banks currently has a “Hold” rating and a $36.00 target price on the stock. SunTrust Banks also issued estimates for Roku’s Q4 2019 earnings at $0.01 EPS.
Several other equities research analysts have also recently issued reports on ROKU. ValuEngine upgraded shares of Roku from a “hold” rating to a “buy” rating in a research report on Wednesday, October 3rd. Morgan Stanley raised their price objective on shares of Roku from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, November 5th. Zacks Investment Research upgraded shares of Roku from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday. KeyCorp cut their price objective on shares of Roku from $81.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, December 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $45.00 price objective (down from $85.00) on shares of Roku in a research report on Wednesday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $57.86.
NASDAQ:ROKU opened at $39.57 on Thursday. The stock has a market capitalization of $4.60 billion, a PE ratio of -17.67 and a beta of 3.26. Roku has a twelve month low of $26.30 and a twelve month high of $77.57.
Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, November 7th. The company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. The firm had revenue of $173.40 million for the quarter, compared to the consensus estimate of $170.73 million. Roku had a negative net margin of 1.33% and a negative return on equity of 4.46%. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same period last year, the firm posted ($0.10) earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Roku in the third quarter valued at approximately $1,187,000. Russell Investments Group Ltd. purchased a new position in shares of Roku in the third quarter valued at approximately $6,313,000. United Services Automobile Association purchased a new position in shares of Roku in the second quarter valued at approximately $317,000. Teachers Advisors LLC boosted its stake in shares of Roku by 11.0% in the third quarter. Teachers Advisors LLC now owns 477,069 shares of the company’s stock valued at $34,840,000 after purchasing an additional 47,310 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Roku in the second quarter valued at approximately $542,000. 46.29% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Anthony J. Wood sold 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $62.21, for a total value of $7,776,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chas Smith sold 99,129 shares of the firm’s stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $52.08, for a total transaction of $5,162,638.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 376,448 shares of company stock valued at $18,962,492. Company insiders own 0.55% of the company’s stock.
Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.
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