Roku (NASDAQ:ROKU) Announces Earnings Results, Beats Estimates By $0.20 EPS

Roku (NASDAQ:ROKU) issued its quarterly earnings results on Thursday. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20, Zacks reports. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%.

Roku Price Performance

NASDAQ:ROKU traded up $2.02 during mid-day trading on Thursday, reaching $86.80. The stock had a trading volume of 8,487,661 shares, compared to its average volume of 3,048,057. The stock has a market cap of $12.60 billion, a P/E ratio of -72.33 and a beta of 2.05. The business’s 50 day moving average is $80.17 and its 200 day moving average is $73.28. Roku has a fifty-two week low of $48.33 and a fifty-two week high of $95.17.

Insider Buying and Selling at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Monday, February 10th. The shares were sold at an average price of $87.93, for a total value of $2,198,250.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares of the company’s stock, valued at approximately $2,333,486.34. The trade was a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,885 shares of company stock worth $7,911,162 over the last ninety days. 13.98% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Moffett Nathanson downgraded shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price on the stock. in a report on Friday, January 10th. Loop Capital increased their price objective on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Baird R W raised Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $86.00 target price on shares of Roku in a research report on Thursday. Finally, Macquarie reiterated an “outperform” rating and issued a $90.00 price target on shares of Roku in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.18.

Roku Company Profile

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.