Seaport Res Ptn Brokers Decrease Earnings Estimates for Roku

Key Points

• Seaport Res Ptn has reduced its Q3 2026 earnings per share estimate for Roku from $0.28 to $0.24, while the consensus estimate for the full year stands at ($0.30).
• Multiple analysts have raised their target prices for Roku, with key upgrades including KeyCorp's increase from $115.00 to $116.00, and JPMorgan's from $100.00 to $105.00, reflecting positive market sentiment.
• Insider trading activity shows significant selling, with CEO Anthony J. Wood selling 25,000 shares, indicating a 67.65% decrease in his position in the company.

Roku, Inc. (NASDAQ:ROKU - Free Report) - Research analysts at Seaport Res Ptn decreased their Q3 2026 earnings per share (EPS) estimates for Roku in a note issued to investors on Thursday, July 31st. Seaport Res Ptn analyst D. Joyce now expects that the company will earn $0.24 per share for the quarter, down from their prior estimate of $0.28. The consensus estimate for Roku's current full-year earnings is ($0.30) per share.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.23. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year.

ROKU has been the topic of a number of other research reports. Evercore ISI dropped their target price on Roku from $105.00 to $80.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Piper Sandler boosted their price target on Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Rosenblatt Securities increased their price target on Roku from $75.00 to $101.00 and gave the company a "neutral" rating in a research note on Friday. Redburn Atlantic upgraded Roku from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a report on Monday, April 7th. Finally, Susquehanna raised their price target on Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roku currently has an average rating of "Moderate Buy" and an average price target of $98.96.

Roku Stock Performance

NASDAQ:ROKU traded down $2.19 during mid-day trading on Monday, hitting $83.64. The company had a trading volume of 5,273,870 shares, compared to its average volume of 3,985,599. Roku has a fifty-two week low of $51.30 and a fifty-two week high of $104.96. The business's fifty day moving average is $84.34 and its two-hundred day moving average is $77.10. The firm has a market cap of $12.21 billion, a P/E ratio of -199.14, a P/E/G ratio of 16.16 and a beta of 2.05.

Insider Buying and Selling

In related news, CFO Dan Jedda sold 3,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $90.20, for a total value of $270,600.00. Following the transaction, the chief financial officer owned 76,132 shares in the company, valued at approximately $6,867,106.40. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles Collier sold 212,559 shares of Roku stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $95.00, for a total value of $20,193,105.00. Following the completion of the transaction, the insider directly owned 200 shares in the company, valued at approximately $19,000. This represents a 99.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 308,873 shares of company stock worth $28,076,913. 13.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Garde Capital Inc. purchased a new position in shares of Roku during the 1st quarter valued at about $25,000. Banque Transatlantique SA purchased a new position in shares of Roku in the 1st quarter valued at approximately $28,000. Beaird Harris Wealth Management LLC purchased a new position in Roku during the first quarter valued at $30,000. Golden State Wealth Management LLC raised its stake in shares of Roku by 125.4% in the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after purchasing an additional 247 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Roku in the first quarter worth $35,000. Institutional investors own 86.30% of the company's stock.

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.