Vetr cut shares of Roku (NASDAQ:ROKU) from a buy rating to a hold rating in a research note released on Monday, December 18th. The brokerage currently has $50.90 price objective on the stock.
A number of other equities analysts also recently issued reports on ROKU. William Blair assumed coverage on Roku in a research report on Monday, October 23rd. They set an outperform rating on the stock. Citigroup assumed coverage on Roku in a research report on Monday, October 23rd. They set a neutral rating and a $24.00 price target on the stock. Needham & Company LLC began coverage on Roku in a research report on Monday, October 23rd. They set a buy rating and a $28.00 price target on the stock. CIBC began coverage on shares of Roku in a report on Monday, October 23rd. They set a market perform rating on the stock. Finally, Oppenheimer lowered shares of Roku to an underperform rating and set a $28.00 price objective on the stock. in a report on Sunday, November 26th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $36.61.
Shares of Roku (NASDAQ:ROKU) traded down $0.49 during mid-day trading on Monday, hitting $43.38. The stock had a trading volume of 3,720,659 shares, compared to its average volume of 8,080,000. The firm has a market capitalization of $4,240.00 and a P/E ratio of -61.10. The company has a debt-to-equity ratio of -0.09, a quick ratio of 1.11 and a current ratio of 1.36. Roku has a 1-year low of $15.75 and a 1-year high of $58.80.
Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.68) by $1.58. The business had revenue of $124.80 million for the quarter, compared to analyst estimates of $110.47 million. The firm’s revenue was up 40.1% compared to the same quarter last year. sell-side analysts forecast that Roku will post -2.32 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in ROKU. Oppenheimer Asset Management Inc. purchased a new stake in shares of Roku during the third quarter valued at $216,000. Kessler Investment Group LLC purchased a new stake in Roku in the fourth quarter valued at $254,000. SG Americas Securities LLC purchased a new stake in Roku in the third quarter valued at $273,000. Sylebra HK Co Ltd purchased a new stake in Roku in the third quarter valued at $531,000. Finally, Sei Investments Co. purchased a new stake in Roku in the third quarter valued at $544,000. 23.28% of the stock is currently owned by hedge funds and other institutional investors.
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Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.
To view Vetr’s full report, visit Vetr’s official website.
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