The price of Roku Inc (NASDAQ:ROKU) shares last traded on Wall Street rose 0.29% to $64.66.
ROKU stock price is now -19.92% away from the 50-day moving average and -17.86% away from the 200-day moving average. The market capitalization of the company currently stands at $9.28B.
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, Blackburn Jeffrey M, Director bought 8,000 shares of the company’s stock on Mar 13 ’24. The stock was bought for $511,680 at an average price of $63.96. Upon completion of the transaction, the Director now directly owns 8,000 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08 ’24, President, Roku Media Collier Charles sold 4,182 shares of the business’s stock. A total of $271,830 was realized by selling the stock at an average price of $65.00. This leaves the insider owning 8,474 shares of the company worth $0.55 million. A total of 12.68% 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 $80.25 and a two-hundred day moving average price translates $78.76 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.
