Reassessing The Changing Outlook For Roku Inc (ROKU)

Currently, there are 126.12M common shares owned by the public and among those 125.50M shares have been available to trade.

Insiders at the company have transacted a total of 100 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 45 of these insider trades were purchases, accounting for 639,101 shares. Insider sales of the common stock occurred on 55 occasions, with total insider shares sold totaling 412,958 shares.

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The company’s stock has a 5-day price change of -10.63% and -32.11% over the past three months. ROKU shares are trading -29.79% year to date (YTD), with the 12-month market performance down to -3.65% lower. It has a 12-month low price of $51.62 and touched a high of $108.84 over the same period. ROKU has an average intraday trading volume of 6.85 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -24.84%, -27.64%, and -17.65% respectively.

Institutional ownership of Roku Inc (NASDAQ: ROKU) shares accounts for 73.55% of the company’s 126.12M shares outstanding.

It has a market capitalization of $9.24B and a beta (3y monthly) value of 1.66. The earnings-per-share (ttm) stands at -$5.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.54% over the week and 4.94% over the month.

Analysts forecast that Roku Inc (ROKU) will achieve an EPS of -$0.62 for the current quarter, -$0.48 for the next quarter and -$1.04 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.82 while analysts give the company a high EPS estimate of -$0.41. Comparatively, EPS for the current quarter was -$1.38 a year ago. Earnings per share for the fiscal year are expected to increase by 61.34%, and 47.57% over the next financial year. EPS should grow at an annualized rate of 43.00% over the next five years, compared to -126.17% over the past 5-year period.

Looking at the support for the ROKU, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on February 21, 2024, with the firm’s price target at $110-$75. Pivotal Research Group coverage for the Roku Inc (ROKU) stock in a research note released on February 16, 2024 offered a Hold rating with a price target of $75. Pivotal Research Group on their part issued Hold rating on December 19, 2023.

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