Roku (NASDAQ:ROKU) Downgraded to Buy at Vetr

Roku (NASDAQ:ROKU) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday, December 11th. They presently have a $50.90 target price on the stock. Vetr‘s target price suggests a potential downside of 7.24% from the stock’s current price.

ROKU has been the subject of a number of other reports. Oppenheimer started coverage on shares of Roku in a report on Monday, October 23rd. They set a “market perform” rating and a $26.00 price target for the company. Royal Bank of Canada started coverage on shares of Roku in a report on Monday, October 23rd. They set a “sector perform” rating and a $26.00 price target for the company. Morgan Stanley started coverage on shares of Roku in a report on Monday, October 23rd. They set an “equal weight” rating and a $22.00 price target for the company. CIBC started coverage on shares of Roku in a report on Monday, October 23rd. They set a “market perform” rating for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price target (up from $28.00) on shares of Roku in a report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.32.

Shares of Roku (ROKU) traded up $3.25 during trading hours on Monday, reaching $54.87. 5,473,800 shares of the company’s stock traded hands, compared to its average volume of 10,417,959. 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 has a 52 week low of $15.75 and a 52 week high of $58.80.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.68) by $1.58. The business had revenue of $124.80 million during the quarter, compared to the consensus estimate of $110.47 million. The company’s revenue was up 40.1% compared to the same quarter last year. sell-side analysts forecast that Roku will post -2.32 earnings per share for the current fiscal year.

In related news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $14.00, for a total value of $96,600,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Several hedge funds and other institutional investors have recently bought and sold shares of ROKU. Oppenheimer Asset Management Inc. bought a new stake in shares of Roku during the third quarter valued at approximately $216,000. SG Americas Securities LLC bought a new stake in shares of Roku in the 3rd quarter valued at $273,000. Sylebra HK Co Ltd bought a new stake in shares of Roku in the 3rd quarter valued at $531,000. Sei Investments Co. bought a new stake in shares of Roku in the 3rd quarter valued at $544,000. Finally, FNY Managed Accounts LLC bought a new stake in shares of Roku in the 3rd quarter valued at $599,000. 23.28% of the stock is owned by institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Roku (NASDAQ:ROKU)

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