Evoke (LON:EVOK) Announces Earnings Results

Key Points

• Evoke reported a quarterly earnings per share (EPS) of GBX 1.20 ($0.02), alongside a negative net margin of 8.50% and a negative return on equity of 517.98%.
• The company's stock saw a 1.9% increase, closing at GBX 63.50 ($0.86), with a market capitalization of £283.20 million.
• Insiders have been active, with Sean Wilkins and Per Widerström acquiring shares at an average price of GBX 54 ($0.73), indicating confidence in the company's future prospects.

Evoke (LON:EVOK - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported GBX 1.20 ($0.02) earnings per share for the quarter, Digital Look Earnings reports. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%.

Evoke Stock Down 0.8%

EVOK stock traded down GBX 0.50 ($0.01) during trading on Monday, hitting GBX 60 ($0.81). The company had a trading volume of 687,465 shares, compared to its average volume of 2,058,288. Evoke has a 52-week low of GBX 36.70 ($0.50) and a 52-week high of GBX 77.80 ($1.05). The company has a 50 day simple moving average of GBX 63.43 and a 200-day simple moving average of GBX 60.02. The firm has a market capitalization of £267.59 million, a P/E ratio of -1.50 and a beta of 0.84.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EVOK shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Evoke from GBX 88 ($1.19) to GBX 108 ($1.46) and gave the company a "buy" rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. upped their price objective on Evoke from GBX 80 ($1.08) to GBX 82 ($1.11) and gave the company a "neutral" rating in a research report on Thursday. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 95 ($1.28) target price on shares of Evoke in a report on Wednesday, August 13th.

Insider Transactions at Evoke

In related news, insider Per Widerström bought 68,958 shares of the company's stock in a transaction on Friday, May 23rd. The shares were acquired at an average price of GBX 54 ($0.73) per share, with a total value of £37,237.32 ($50,300.31). Also, insider Sean Wilkins purchased 31,659 shares of Evoke stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of GBX 54 ($0.73) per share, with a total value of £17,095.86 ($23,093.15). 27.00% of the stock is owned by corporate insiders.

About Evoke