Roku (NASDAQ:ROKU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Roku, Inc. is involved in creating streaming platform for delivering entertainment to the television. The Company’s products primarily includes Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories such as cables, remote controls, power adapters and headphones. It operates primarily in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France. Roku, Inc. is based in SARATOGA, United States. “
ROKU has been the topic of several other reports. UBS Group downgraded shares of Roku from a “market perform” rating to an “underperform” rating in a report on Tuesday, November 14th. Needham & Company LLC started coverage on shares of Roku in a report on Monday, October 23rd. They set a “buy” rating and a $28.00 target price on the stock. Morgan Stanley raised their target price on shares of Roku from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Vetr downgraded shares of Roku from a “strong-buy” rating to a “buy” rating and set a $50.90 target price on the stock. in a report on Monday, December 11th. Finally, Oppenheimer downgraded shares of Roku to an “underperform” rating and set a $28.00 target price on the stock. in a report on Sunday, November 26th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $35.28.
Shares of Roku (NASDAQ:ROKU) opened at $40.22 on Friday. The company has a debt-to-equity ratio of -0.09, a quick ratio of 1.11 and a current ratio of 1.36. The company has a market cap of $3,880.00 and a P/E ratio of -56.65. Roku has a fifty-two week low of $15.75 and a fifty-two week high of $58.80.
Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, November 8th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($1.68) by $1.58. The company had revenue of $124.80 million for the quarter, compared to analyst estimates of $110.47 million. The business’s quarterly revenue was up 40.1% on a year-over-year basis. equities analysts anticipate that Roku will post -2.32 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Kessler Investment Group LLC bought a new position in shares of Roku during the 4th quarter worth approximately $254,000. DAVENPORT & Co LLC bought a new position in shares of Roku during the 4th quarter worth approximately $324,000. Oppenheimer Asset Management Inc. bought a new position in shares of Roku during the 3rd quarter worth approximately $216,000. SG Americas Securities LLC bought a new position in shares of Roku during the 3rd quarter worth approximately $273,000. Finally, Creative Planning bought a new position in shares of Roku during the 4th quarter worth approximately $574,000. 23.28% of the stock is owned by 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.
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