Roku (NASDAQ:ROKU) issued its quarterly earnings results on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.06, Briefing.com reports. Roku had a negative net margin of 2.41% and a negative return on equity of 6.77%. The firm had revenue of $260.90 million for the quarter, compared to analyst estimates of $257.64 million. During the same period in the previous year, the business earned ($0.09) EPS. The company’s revenue was up 50.5% compared to the same quarter last year.

Shares of ROKU stock traded up $3.48 during midday trading on Friday, hitting $121.94. 19,209,400 shares of the company were exchanged, compared to its average volume of 14,366,427. The firm’s 50 day moving average price is $122.41 and its two-hundred day moving average price is $110.52. The firm has a market capitalization of $16.22 billion, a P/E ratio of -1,524.25 and a beta of 1.77. Roku has a 52 week low of $26.30 and a 52 week high of $176.55.

In other news, SVP Stephen H. Kay sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $137.75, for a total value of $1,653,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $102.94, for a total transaction of $3,602,900.00. Insiders sold a total of 180,419 shares of company stock valued at $24,801,276 over the last 90 days. Corporate insiders own 22.70% of the company’s stock.

Several equities research analysts have issued reports on ROKU shares. Pivotal Research started coverage on shares of Roku in a research note on Friday, September 20th. They issued a “sell” rating and a $60.00 price target on the stock. DA Davidson lifted their price objective on shares of Roku from $135.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. ValuEngine downgraded shares of Roku from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. BidaskClub raised shares of Roku from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Zacks Investment Research raised shares of Roku from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective for the company in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $120.48.

Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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Earnings History for Roku (NASDAQ:ROKU)

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