The consensus among analysts is that Roku, Inc. (ROKU) is an Overweight stock at the moment, with a recommendation rating of 2.3. 2 analysts rate the stock as a Sell, while none rate it as Overweight. 5 out of 20 have rated it as a Hold, with 13 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.51.
Roku, Inc. (NASDAQ:ROKU) trade information
Sporting 0.69% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the ROKU stock price touched $129.93 or saw a rise of 11.73%. Year-to-date, Roku, Inc. shares have moved -14.35%, while the 5-day performance has seen it change -10.31%. Over the past 30 days, the shares of Roku, Inc. (NASDAQ:ROKU) have changed 4.73%. Short interest in the company has seen 11.12 Million shares shorted with days to cover at 0.96.
Roku, Inc. (ROKU) estimates and forecasts
Figures show that Roku, Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -17.54% over the past 6 months, with this year growth rate of 230.77%, compared to -9.2% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -537.5% and -131.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be +31.7%.
19 analysts offering their estimates for the company have set an average revenue estimate of $311.21 Million for the current quarter. 19 have an estimated revenue figure of $332.49 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $250.1 Million and $260.93 Million respectively for this quarter and the next, and analysts expect sales will grow by 24.4% for the current quarter and 27.4% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest -514.5% while over the next 5 years, the company’s earnings are expected to increase by 11.5%.
Roku, Inc. (NASDAQ:ROKU)’s Major holders
Insiders own 0.78% of the company shares, while shares held by institutions stand at 67.97% with a share float percentage of 68.5%. Investors are also buoyed by the number of investors in a company, with Roku, Inc. having a total of 649 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 9.36 Million shares worth more than $819.05 Million. As of March 30, 2020, FMR, LLC held 9.2% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 7.72 Million shares as of March 30, 2020. The firm’s total holdings are worth over $675.31 Million and represent 7.59% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Growth Company Fund and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 3.41% shares in the company for having 3473569 shares of worth $303.87 Million while later fund manager owns 2.55 Million shares of worth $222.91 Million as of March 30, 2020, which makes it owner of about 2.5% of company’s outstanding stock.