Roku, Inc. (NASDAQ:ROKU) – Analysts at William Blair raised their Q4 2018 earnings per share estimates for shares of Roku in a report issued on Tuesday. William Blair analyst R. Schackart now expects that the company will post earnings of $0.01 per share for the quarter, up from their prior forecast of ($0.01). William Blair has a “Outperform” rating on the stock.
A number of other research firms have also recently commented on ROKU. CIBC assumed coverage on Roku in a research report on Monday, October 23rd. They set a “market perform” rating on the stock. Oppenheimer Holdings, Inc. assumed coverage on Roku in a research report on Monday, October 23rd. They set a “market perform” rating and a $26.00 target price on the stock. Citigroup Inc. assumed coverage on Roku in a research report on Monday, October 23rd. They set a “neutral” rating and a $24.00 target price on the stock. Needham & Company LLC assumed coverage on Roku in a research report on Monday, October 23rd. They set a “buy” rating and a $28.00 target price on the stock. Finally, Royal Bank Of Canada assumed coverage on Roku in a research report on Monday, October 23rd. They set a “sector perform” rating and a $26.00 target price on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.20.
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Roku (NASDAQ ROKU) traded up 1.18% during mid-day trading on Thursday, reaching $18.79. The company’s stock had a trading volume of 1,588,394 shares. The stock’s 50 day moving average is $22.04 and its 200 day moving average is $22.04. The firm’s market cap is $294.40 million. Roku has a one year low of $15.75 and a one year high of $29.80.
An institutional investor recently bought a new position in Roku stock. Nationwide Fund Advisors bought a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,020 shares of the company’s stock, valued at approximately $1,009,000. Nationwide Fund Advisors owned approximately 0.24% of Roku as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.13% of the company’s stock.
In other news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of Roku stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $14.00, for a total transaction of $96,600,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Roku Company Profile
Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.
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