Oppenheimer Holdings Analysts Increase Earnings Estimates for Roku, Inc. (ROKU)

Roku, Inc. (NASDAQ:ROKU) – Equities research analysts at Oppenheimer Holdings upped their FY2020 EPS estimates for Roku in a research report issued on Thursday. Oppenheimer Holdings analyst J. Helfstein now expects that the company will post earnings per share of $0.35 for the year, up from their previous forecast of $0.31. Oppenheimer Holdings currently has a “Market Perform” rating and a $26.00 price target on the stock.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley increased their price objective on Roku from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $28.00 target price (up from $26.00) on shares of Roku in a research report on Thursday. William Blair assumed coverage on Roku in a report on Monday, October 23rd. They set an “outperform” rating for the company. CIBC assumed coverage on Roku in a report on Monday, October 23rd. They set a “market perform” rating for the company. Finally, 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 for the company. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Roku presently has a consensus rating of “Hold” and an average price target of $26.20.

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Roku (ROKU) opened at $33.25 on Friday. Roku has a twelve month low of $15.75 and a twelve month high of $36.65.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.68) by $1.58. The company had revenue of $124.80 million during the quarter, compared to analysts’ expectations of $110.47 million. Roku’s revenue for the quarter was up 40.1% compared to the same quarter last year.

In related news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $14.00, for a total transaction of $96,600,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Several large investors have recently added to or reduced their stakes in ROKU. Citadel Advisors LLC bought a new stake in shares of Roku during the 3rd quarter worth $1,122,000. FNY Managed Accounts LLC bought a new position in Roku in the third quarter valued at about $599,000. SG Americas Securities LLC bought a new position in Roku in the third quarter valued at about $273,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Roku in the third quarter valued at about $11,920,000. Finally, Sei Investments Co. acquired a new stake in shares of Roku in the third quarter valued at about $544,000. Hedge funds and other institutional investors own 0.17% of the company’s stock.

About Roku

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.

Earnings History and Estimates for Roku (NASDAQ:ROKU)

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