Stocks of Roku Inc (NASDAQ:ROKU) traded higher last session on Wall Street, up 3.71% to $69.67.
ROKU stock price is now -4.83% away from the 50-day moving average and 5.06% away from the 200-day moving average. The market capitalization of the company currently stands at $10.12B.
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With the price target enhanced from $90 to $92, JP Morgan maintained Overweight rating for Roku Inc (NASDAQ: ROKU). On October 01, 2024, MoffettNathanson Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock keeping its target price maintained at $80, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Banks Matthew C., VP, Corp Controller & CAO sold 210 shares of the company’s stock on Nov 01 ’24. The stock was sold for $13,306 at an average price of $63.36. Upon completion of the transaction, the VP, Corp Controller & CAO now directly owns 6,843 shares in the company, valued at $0.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, CFO Jedda Dan sold 1,000 shares of the business’s stock. A total of $76,250 was realized by selling the stock at an average price of $76.25. This leaves the insider owning 53,267 shares of the company worth $3.71 million. A total of 12.55% of the company’s stock is owned by insiders.
During the past 12 months, Roku Inc has had a low of $48.33 and a high of $108.84. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 2.56, and a quick ratio of 2.40. The fifty day moving average price for ROKU is $73.2082 and a two-hundred day moving average price translates $66.4087 for the stock.
The latest earnings results from Roku Inc (NASDAQ: ROKU) was released for 2024-09-30. The net profit margin was -4.42% and return on equity was -7.22% for ROKU. The company reported revenue of $1.06 billion for the quarter, compared to $912.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.47 percent.
