Roku (NASDAQ:ROKU) Announces Earnings Results, Misses Expectations By $0.02 EPS

Roku (NASDAQ:ROKU – Get Rating) posted its quarterly earnings data on Thursday. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.02), MarketWatch Earnings reports. Roku had a net margin of 8.77% and a return on equity of 9.28%. The company had revenue of $733.70 million during the quarter, compared to analyst estimates of $718.56 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 27.8% on a year-over-year basis.

Shares of NASDAQ ROKU traded up $1.27 during mid-day trading on Friday, reaching $92.90. 17,797,558 shares of the company were exchanged, compared to its average volume of 5,151,278. The company has a quick ratio of 4.12, a current ratio of 4.19 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $12.57 billion, a PE ratio of 94.80 and a beta of 1.85. The company’s 50 day moving average price is $117.25 and its 200 day moving average price is $187.54. Roku has a 52 week low of $83.72 and a 52 week high of $490.76.

A number of brokerages have weighed in on ROKU. Wells Fargo & Company decreased their price target on Roku from $305.00 to $125.00 and set an “equal weight” rating for the company in a report on Friday, February 18th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a report on Friday. Wedbush decreased their price target on Roku from $365.00 to $220.00 and set an “outperform” rating for the company in a report on Monday, February 14th. Pivotal Research decreased their price target on Roku from $95.00 to $80.00 in a report on Friday. Finally, Benchmark cut their price objective on shares of Roku from $305.00 to $240.00 in a research report on Thursday, April 21st. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, Roku currently has a consensus rating of “Buy” and an average price target of $232.62.

In other Roku news, VP Scott A. Rosenberg sold 1,869 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $129.33, for a total value of $241,717.77. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Anthony J. Wood sold 80,000 shares of the company’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $164.22, for a total transaction of $13,137,600.00. The disclosure for this sale can be found here. Insiders sold 245,946 shares of company stock valued at $38,185,674 over the last three months. 15.32% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of ROKU. Privium Fund Management UK Ltd bought a new position in Roku during the fourth quarter valued at approximately $14,977,000. MML Investors Services LLC increased its stake in shares of Roku by 3.7% in the fourth quarter. MML Investors Services LLC now owns 4,953 shares of the company’s stock worth $1,130,000 after purchasing an additional 175 shares in the last quarter. Sei Investments Co. increased its holdings in Roku by 14.5% in the 4th quarter. Sei Investments Co. now owns 76,009 shares of the company’s stock valued at $17,226,000 after acquiring an additional 9,616 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Roku by 41.2% in the 4th quarter. Advisors Asset Management Inc. now owns 2,047 shares of the company’s stock valued at $467,000 after acquiring an additional 597 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in Roku by 51.1% in the 4th quarter. Belpointe Asset Management LLC now owns 1,526 shares of the company’s stock valued at $347,000 after acquiring an additional 516 shares during the last quarter. Institutional investors own 63.83% of the company’s stock.

About Roku (Get Rating)

Roku, Inc, together with its subsidiaries, 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 TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

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