Roku Inc (NASDAQ:ROKU)’s share price was down 0% during mid-day trading on Thursday . The stock traded as low as $39.75 and last traded at $42.05. Approximately 24,011,123 shares traded hands during trading, an increase of 327% from the average daily volume of 5,620,474 shares. The stock had previously closed at $42.05.
Several equities analysts have recently issued reports on ROKU shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $28.00 price target (up from $26.00) on shares of Roku in a research report on Thursday, November 9th. Morgan Stanley lifted their price target on Roku from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Oppenheimer reiterated an “underperform” rating on shares of Roku in a research report on Tuesday, November 14th. They noted that the move was a valuation call. UBS Group cut Roku from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 14th. Finally, Vetr upgraded Roku from a “buy” rating to a “strong-buy” rating and set a $43.26 price target on the stock in a research report on Tuesday, November 21st. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Roku currently has an average rating of “Hold” and a consensus price target of $40.08.
The stock has a market cap of $4,110.00 and a PE ratio of -59.23. 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 (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.17. The firm had revenue of $188.30 million for the quarter, compared to analyst estimates of $182.54 million. The company’s revenue was up 27.8% on a year-over-year basis. research analysts forecast that Roku Inc will post -2.32 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC bought a new stake in shares of Roku during the 3rd quarter worth $9,554,000. Jane Street Group LLC bought a new stake in shares of Roku during the 3rd quarter worth $3,784,000. Pier Capital LLC bought a new stake in shares of Roku during the 3rd quarter worth $1,454,000. Wasatch Advisors Inc. bought a new stake in shares of Roku during the 4th quarter worth $2,589,000. Finally, OxFORD Asset Management LLP bought a new stake in shares of Roku during the 3rd quarter worth $12,899,000. 11.04% of the stock is owned by institutional investors and hedge funds.
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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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