The stock of Roku Inc (NASDAQ:ROKU) last traded at $61.14, down -2.72% from the previous session.
ROKU stock price is now -14.91% away from the 50-day moving average and -22.16% away from the 200-day moving average. The market capitalization of the company currently stands at $8.78B.
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With the price target reduced from $77 to $51, Wells Fargo Downgraded its rating from Equal Weight to Underweight for Roku Inc (NASDAQ: ROKU). On February 21, 2024, Citigroup reiterated its ‘Neutral’ rating on the stock by increasing its target price from $110 to quote $75, while ‘Pivotal Research Group’ rates the stock as ‘Hold’
In other news, Banks Matthew C., VP, Corp Controller & CAO sold 207 shares of the company’s stock on Apr 01 ’24. The stock was sold for $13,511 at an average price of $65.27. Upon completion of the transaction, the VP, Corp Controller & CAO now directly owns 5,368 shares in the company, valued at $0.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, Director Blackburn Jeffrey M bought 8,000 shares of the business’s stock. A total of $511,680 was incurred on buying the stock at an average price of $63.96. This leaves the insider owning 8,000 shares of the company worth $0.49 million. A total of 12.66% of the company’s stock is owned by insiders.
During the past 12 months, Roku Inc has had a low of $51.62 and a high of $108.84. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 2.41, and a quick ratio of 2.34. The fifty day moving average price for ROKU is $71.21 and a two-hundred day moving average price translates $78.53 for the stock.
The latest earnings results from Roku Inc (NASDAQ: ROKU) was released for Dec, 2023. According to the Entertainment Company, earnings per share came in at -$0.55, missing analysts’ expectations of -$0.52 by -0.03. This compares to -$1.72 EPS in the same period last year. The net profit margin was -20.36% and return on equity was -28.54% for ROKU. The company reported revenue of $984.42 million for the quarter, compared to $867.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.54 percent. For the current quarter, analysts expect ROKU to generate $851.7M in revenue.
