Roku (NASDAQ:ROKU – Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29, Briefing.com reports. Roku had a negative return on equity of 23.73% and a negative net margin of 15.64%. The business had revenue of $881.50 million for the quarter, compared to the consensus estimate of $843.54 million. During the same period in the prior year, the business earned ($1.38) EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Roku updated its Q2 2024 guidance to EPS.
Roku Stock Down 10.3 %
NASDAQ ROKU opened at $56.35 on Friday. The stock’s 50-day simple moving average is $62.80 and its two-hundred day simple moving average is $78.48. Roku has a twelve month low of $51.62 and a twelve month high of $108.84. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of -14.12 and a beta of 1.66.
Insider Buying and Selling at Roku
In other news, SVP Stephen H. Kay sold 4,310 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Stephen H. Kay sold 4,310 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the sale, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles Collier sold 12,277 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total value of $798,741.62. Following the completion of the sale, the insider now directly owns 4,292 shares in the company, valued at $279,237.52. The disclosure for this sale can be found here. Insiders have sold 54,545 shares of company stock worth $4,364,035 over the last 90 days. Corporate insiders own 13.63% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Analysis on Roku
About Roku
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.
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