Stocks of Roku Inc (NASDAQ:ROKU) traded higher last session on Wall Street, down -1.70% to $57.66.
ROKU stock price is now -7.99% away from the 50-day moving average and -26.12% away from the 200-day moving average. The market capitalization of the company currently stands at $8.28B.
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With the price target maintained at $74, Seaport Research Partners recently Upgraded its rating from Neutral to Buy for Roku Inc (NASDAQ: ROKU). On February 27, 2024, Wells Fargo Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock reducing its target price from $77 to quote $51, while ‘Citigroup’ rates the stock as ‘Neutral’
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 $0.31 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 $0.46 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 0.24, a current ratio of 2.58, and a quick ratio of 2.50.
According to the Entertainment Company, earnings per share came in at -0.76, beating analysts’ expectations of -1.26 by 0.5. This compares to -$1.38 EPS in the same period last year. The net profit margin was -15.64% and return on equity was -23.10% for ROKU. The company reported revenue of $881.47 million for the quarter, compared to $740.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.96 percent. For the current quarter, analysts expect ROKU to generate $935.17M in revenue.
