Vetr upgraded shares of Roku (NASDAQ:ROKU) from a buy rating to a strong-buy rating in a report published on Tuesday. They currently have $47.93 target price on the stock.
ROKU has been the topic of a number of other research reports. Morgan Stanley downgraded Roku from an equal weight rating to an underweight rating and set a $25.00 target price on the stock. in a research note on Thursday, January 4th. Citigroup downgraded Roku from a neutral rating to a sell rating and set a $24.00 target price on the stock. in a research note on Friday, January 5th. Zacks Investment Research upgraded Roku from a hold rating to a buy rating and set a $58.00 target price on the stock in a research note on Thursday, January 4th. UBS Group downgraded Roku from a market perform rating to an underperform rating in a research note on Tuesday, November 14th. Finally, Oppenheimer restated an underperform rating on shares of Roku in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $35.28.
Roku (NASDAQ ROKU) traded down $0.54 during trading hours on Tuesday, reaching $40.22. The company had a trading volume of 1,965,188 shares, compared to its average volume of 7,680,000. The firm has a market capitalization of $3,880.00 and a price-to-earnings ratio of -56.65. Roku has a 52-week low of $15.75 and a 52-week high of $58.80. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of -0.09.
Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate 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. Roku’s revenue for the quarter was up 40.1% compared to the same quarter last year. sell-side analysts anticipate that Roku will post -2.32 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of ROKU. OxFORD Asset Management LLP bought a new stake in shares of Roku during the 3rd quarter worth about $12,899,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Roku during the 3rd quarter worth about $11,920,000. Dragoneer Investment Group LLC bought a new stake in shares of Roku during the 3rd quarter worth about $9,554,000. Jane Street Group LLC bought a new stake in shares of Roku during the 3rd quarter worth about $3,784,000. Finally, Davidson Kempner Capital Management LP bought a new stake in shares of Roku during the 3rd quarter worth about $2,650,000. Hedge funds and other institutional investors own 23.28% of the company’s stock.
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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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