Roku (NASDAQ:ROKU) Given “Outperform” Rating at Wedbush

Wedbush reissued their outperform rating on shares of Roku (NASDAQ:ROKU) in a research note published on Wednesday morning,RTT News reports. They currently have a $100.00 price objective on the stock. Wedbush also issued estimates for Roku’s Q4 2024 earnings at ($0.43) EPS, FY2024 earnings at ($1.09) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.20) EPS, FY2025 earnings at ($0.96) EPS and FY2026 earnings at $0.22 EPS.

ROKU has been the subject of several other reports. Macquarie reiterated an “outperform” rating and set a $90.00 price objective on shares of Roku in a research report on Thursday, October 31st. Bank of America boosted their price target on Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and raised their price target for the company from $70.00 to $90.00 in a report on Monday, November 18th. Citigroup upped their price objective on shares of Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Roku has an average rating of “Hold” and a consensus price target of $82.62.

Roku Price Performance

Shares of NASDAQ ROKU opened at $79.19 on Wednesday. Roku has a 1-year low of $48.33 and a 1-year high of $99.80. The firm has a market capitalization of $11.50 billion, a PE ratio of -65.99 and a beta of 2.05. The business’s fifty day moving average price is $75.99 and its two-hundred day moving average price is $69.89.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the company earned ($2.33) EPS. Equities research analysts expect that Roku will post -1.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Charles Collier sold 10,771 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $71.14, for a total value of $766,248.94. Following the completion of the sale, the insider now owns 3,790 shares in the company, valued at approximately $269,620.60. This represents a 73.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 in the company, valued at approximately $4,061,608.75. The trade was a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,095 shares of company stock worth $3,731,038 over the last ninety days. 13.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Roku

Several hedge funds have recently bought and sold shares of ROKU. Raelipskie Partnership acquired a new position in shares of Roku in the 3rd quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its position in Roku by 123.4% during 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 Roku in the 3rd quarter valued at approximately $43,000. GS Investments Inc. lifted its position in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares in the last quarter. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Roku during the 2nd quarter valued at $48,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

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.