Roku, Inc. (NASDAQ:ROKU) – Analysts at Oppenheimer Holdings issued their FY2017 earnings estimates for shares of Roku in a research report issued to clients and investors on Monday, according to Zacks Investment Research. Oppenheimer Holdings analyst J. Helfstein anticipates that the company will earn ($1.48) per share for the year. Oppenheimer Holdings currently has a “Market Perform” rating and a $26.00 target price on the stock. Oppenheimer Holdings also issued estimates for Roku’s Q4 2017 earnings at ($0.13) EPS, Q1 2018 earnings at ($0.20) EPS, Q2 2018 earnings at ($0.18) EPS, Q3 2018 earnings at ($0.13) EPS, Q4 2018 earnings at $0.04 EPS, FY2018 earnings at ($0.45) EPS, FY2019 earnings at ($0.22) EPS and FY2020 earnings at $0.31 EPS.
Other analysts have also issued reports about the company. Needham & Company LLC initiated coverage on Roku in a research note on Monday, October 23rd. They set a “buy” rating and a $28.00 price objective on the stock. Morgan Stanley upped their target price on Roku from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday. CIBC initiated coverage on Roku in a research note on Monday, October 23rd. They issued a “market perform” rating on the stock. Citigroup Inc. initiated coverage on Roku in a research note on Monday, October 23rd. They issued a “neutral” rating and a $24.00 target price on the stock. Finally, William Blair initiated coverage on Roku in a research note on Monday, October 23rd. They issued an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Roku presently has an average rating of “Hold” and an average price target of $26.20.
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Roku (NASDAQ ROKU) traded up $4.06 during trading hours on Wednesday, hitting $33.25. The company had a trading volume of 34,527,400 shares, compared to its average volume of 7,269,345. Roku has a 12 month low of $15.75 and a 12 month high of $36.65.
Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.68) by $1.58. The company had revenue of $124.80 million for the quarter, compared to the consensus estimate of $110.47 million. The company’s revenue for the quarter was up 40.1% on a year-over-year basis.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in shares of Roku in the 3rd quarter worth about $1,122,000. FNY Managed Accounts LLC purchased a new position in shares of Roku in the 3rd quarter worth about $599,000. SG Americas Securities LLC purchased a new position in shares of Roku in the 3rd quarter worth about $273,000. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Roku in the 3rd quarter worth about $11,920,000. Finally, Sei Investments Co. purchased a new position in shares of Roku in the 3rd quarter worth about $544,000. Hedge funds and other institutional investors own 0.17% of the company’s stock.
In other Roku news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $14.00, for a total value of $96,600,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.
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