Roku (NASDAQ:ROKU)‘s stock had its “positive” rating restated by research analysts at Citigroup in a research note issued on Tuesday.
ROKU has been the topic of several other reports. Vetr cut Roku from a “strong-buy” rating to a “buy” rating and set a $43.26 price objective on the stock. in a research report on Monday, November 27th. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Thursday, January 4th. 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 objective on the stock. BidaskClub raised Roku from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Royal Bank of Canada began coverage on Roku in a research report on Monday, October 23rd. They set a “sector perform” rating and a $26.00 price objective on the stock. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.37.
Roku (NASDAQ:ROKU) traded up $2.49 during trading on Tuesday, reaching $48.13. The company’s stock had a trading volume of 6,183,400 shares, compared to its average volume of 4,798,639. 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 $4,710.00 and a PE ratio of -67.79. Roku has a fifty-two week low of $15.75 and a fifty-two week high of $58.80.
Institutional investors and hedge funds have recently modified their holdings of the company. Dragoneer Investment Group LLC bought a new stake in shares of Roku in the 3rd quarter worth approximately $9,554,000. Jane Street Group LLC purchased a new position in Roku in the 3rd quarter worth approximately $3,784,000. Pier Capital LLC purchased a new position in Roku in the 3rd quarter worth approximately $1,454,000. Wasatch Advisors Inc. purchased a new position in Roku in the 4th quarter worth approximately $2,589,000. Finally, OxFORD Asset Management LLP purchased a new position in Roku in the 3rd quarter worth approximately $12,899,000. 11.04% 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.
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