Wedbush Comments on Roku’s Q2 Earnings (NASDAQ:ROKU)

Roku, Inc. (NASDAQ:ROKU) – Wedbush issued their Q2 2026 earnings per share (EPS) estimates for Roku in a note issued to investors on Monday, April 28th. Wedbush analyst A. Reese expects that the company will post earnings of $0.00 per share for the quarter. Wedbush has a “Outperform” rating and a $100.00 price objective on the stock. The consensus estimate for Roku’s current full-year earnings is ($0.30) per share. Wedbush also issued estimates for Roku’s Q3 2026 earnings at $0.42 EPS and Q4 2026 earnings at $0.47 EPS.

Other research analysts have also recently issued research reports about the stock. Bank of America assumed coverage on shares of Roku in a report on Thursday, March 27th. They issued a “buy” rating and a $100.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of Roku in a report on Monday, April 21st. Jefferies Financial Group upgraded Roku from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $55.00 to $100.00 in a research report on Thursday, February 20th. UBS Group decreased their target price on Roku from $90.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $88.50 price target on shares of Roku in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.39.

Roku Stock Performance

NASDAQ:ROKU opened at $67.27 on Wednesday. Roku has a 1 year low of $48.33 and a 1 year high of $104.96. The stock has a market cap of $9.82 billion, a P/E ratio of -75.58 and a beta of 2.17. The stock has a 50-day simple moving average of $69.14 and a 200-day simple moving average of $75.29.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted ($0.35) EPS. Roku’s revenue for the quarter was up 15.8% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of Roku by 23.9% during the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock valued at $47,000 after acquiring an additional 121 shares during the last quarter. United Advisor Group LLC boosted its position in Roku by 0.9% during the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares during the period. Cerity Partners LLC grew its holdings in Roku by 0.5% during the fourth quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock valued at $1,984,000 after purchasing an additional 145 shares during the last quarter. Richard W. Paul & Associates LLC raised its position in shares of Roku by 1.1% in the fourth quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company’s stock valued at $1,189,000 after purchasing an additional 177 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Roku by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock worth $287,000 after buying an additional 191 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $2,510,000.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,664,415.20. This represents a 48.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 68,843 shares of the company’s stock, valued at approximately $5,163,225. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,905 shares of company stock worth $6,560,876 over the last ninety days. 13.98% of the stock is currently owned by corporate insiders.

About Roku

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.