Rockley Photonics (RKLY) Scheduled to Post Quarterly Earnings on Wednesday

Rockley Photonics (NYSE:RKLY – Get Rating) will release its earnings data after the market closes on Wednesday, April 27th. Analysts expect Rockley Photonics to post earnings of ($0.24) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Shares of NYSE:RKLY opened at $3.84 on Wednesday. Rockley Photonics has a one year low of $2.52 and a one year high of $16.56. The company has a market cap of $494.38 million, a price-to-earnings ratio of -5.82 and a beta of -0.22. The business has a fifty day moving average of $4.30.

A number of brokerages have recently issued reports on RKLY. Bank of America cut their price objective on shares of Rockley Photonics from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, March 9th. Zacks Investment Research raised shares of Rockley Photonics from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 24th. Northland Securities cut their price objective on shares of Rockley Photonics from $20.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, March 9th. Finally, Needham & Company LLC dropped their price target on shares of Rockley Photonics from $15.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, March 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Rockley Photonics currently has an average rating of “Buy” and a consensus target price of $12.60.

In other news, CFO Mahesh Karanth sold 8,261 shares of the firm’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $3.90, for a total value of $32,217.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew George Rickman sold 12,301 shares of the stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $3.90, for a total transaction of $47,973.90. The disclosure for this sale can be found here. Insiders have sold a total of 25,660 shares of company stock valued at $100,074 in the last three months. 16.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Rockley Photonics in the 4th quarter worth about $1,431,000. Goldman Sachs Group Inc. increased its stake in shares of Rockley Photonics by 767.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 130,085 shares of the company’s stock worth $566,000 after acquiring an additional 115,085 shares in the last quarter. California State Teachers Retirement System bought a new stake in Rockley Photonics during the 4th quarter valued at about $302,000. Millennium Management LLC bought a new stake in Rockley Photonics during the 4th quarter valued at about $48,000. Finally, Credit Suisse AG bought a new stake in Rockley Photonics during the 4th quarter valued at about $212,000. Institutional investors own 8.08% of the company’s stock.

About Rockley Photonics (Get Rating)

Rockley Photonics Ltd. is a supplier of integrated silicon photonic chips and modules across multiple markets. Rockley Photonics Ltd., formerly known as SC Health Corp., is based in PASADENA, Calif.

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