Roku (NASDAQ:ROKU – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21, Briefing.com reports. The business had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. Roku had a negative net margin of 13.16% and a negative return on equity of 21.17%. Roku’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.76) EPS. Roku updated its Q3 2024 guidance to EPS.
Roku Stock Down 4.0 %
NASDAQ:ROKU traded down $2.19 on Friday, reaching $53.14. The stock had a trading volume of 7,584,568 shares, compared to its average volume of 3,529,971. The company has a market capitalization of $7.66 billion, a P/E ratio of -13.32 and a beta of 1.96. Roku has a 1-year low of $51.51 and a 1-year high of $108.84. The stock has a fifty day moving average price of $58.43 and a 200-day moving average price of $65.28.
Insider Buying and Selling at Roku
In other Roku news, insider Charles Collier sold 3,590 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total value of $233,350.00. Following the transaction, the insider now directly owns 12,064 shares in the company, valued at $784,160. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Roku news, insider Charles Collier sold 3,590 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total value of $233,350.00. Following the completion of the transaction, the insider now directly owns 12,064 shares of the company’s stock, valued at $784,160. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mai Fyfield sold 650 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $57.88, for a total transaction of $37,622.00. Following the completion of the transaction, the director now directly owns 3,259 shares of the company’s stock, valued at $188,630.92. The disclosure for this sale can be found here. Insiders have sold a total of 27,075 shares of company stock worth $1,556,005 over the last ninety days. Corporate insiders own 13.98% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on ROKU
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.
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