Roku Inc (NASDAQ:ROKU) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 9,946,474 shares, an increase of 39.2% from the February 15th total of 7,147,395 shares. Based on an average daily trading volume, of 8,376,351 shares, the short-interest ratio is presently 1.2 days.
Roku (NASDAQ ROKU) opened at $33.85 on Tuesday. Roku has a 12 month low of $15.75 and a 12 month high of $58.80.
Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.17. The business had revenue of $188.30 million during the quarter, compared to the consensus estimate of $182.54 million. The company’s revenue was up 27.8% compared to the same quarter last year. sell-side analysts anticipate that Roku will post -0.5 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company acquired a new stake in Roku during the fourth quarter worth about $130,000. MYDA Advisors LLC acquired a new stake in Roku during the fourth quarter valued at approximately $207,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Roku during the fourth quarter valued at approximately $247,000. Kessler Investment Group LLC acquired a new stake in Roku during the fourth quarter valued at approximately $254,000. Finally, Gabelli Funds LLC acquired a new stake in Roku during the fourth quarter valued at approximately $259,000. 10.29% of the stock is currently owned by institutional investors and hedge funds.
ROKU has been the subject of several recent research reports. Vetr upgraded Roku from a “buy” rating to a “strong-buy” rating and set a $47.12 price objective for the company in a report on Tuesday, January 30th. Zacks Investment Research lowered Roku from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Oppenheimer lowered Roku to an “underperform” rating and set a $28.00 target price on the stock. in a report on Sunday, November 26th. Citigroup restated a “positive” rating and set a $33.00 target price (up from $28.00) on shares of Roku in a report on Tuesday, February 20th. Finally, ValuEngine upgraded Roku from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 7th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.36.
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Roku Company Profile
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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