Roku Inc (NASDAQ:ROKU) – Investment analysts at William Blair boosted their Q1 2018 earnings estimates for Roku in a report issued on Wednesday. William Blair analyst R. Schackart now expects that the company will post earnings of ($0.17) per share for the quarter, up from their previous forecast of ($0.25). William Blair also issued estimates for Roku’s Q2 2018 earnings at ($0.20) EPS, Q3 2018 earnings at ($0.13) EPS, Q4 2018 earnings at $0.01 EPS, FY2018 earnings at ($0.49) EPS and FY2019 earnings at ($0.22) EPS.
Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Roku from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, January 10th. BidaskClub lowered shares of Roku from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada boosted their price target on shares of Roku to $45.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 22nd. Vetr lowered shares of Roku from a “strong-buy” rating to a “hold” rating and set a $47.12 price target on the stock. in a research note on Thursday, February 8th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $32.00 price target (up from $30.00) on shares of Roku in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $40.36.
Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.17. The business had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $182.54 million. The company’s revenue was up 27.8% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in ROKU. Nationwide Fund Advisors acquired a new position in shares of Roku during the third quarter worth about $1,009,000. Sei Investments Co. acquired a new position in shares of Roku during the third quarter worth about $544,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Roku during the third quarter worth about $11,920,000. SG Americas Securities LLC acquired a new position in shares of Roku during the third quarter worth about $273,000. Finally, FNY Managed Accounts LLC acquired a new position in shares of Roku during the third quarter worth about $599,000. 11.04% of the stock is owned by institutional investors and hedge funds.
Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.
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