Roku (ROKU) Upgraded to Market Perform by Oppenheimer

Roku (NASDAQ:ROKU) was upgraded by analysts at Oppenheimer from an “underperform” rating to a “market perform” rating in a research note issued to investors on Tuesday.

Other equities research analysts have also issued reports about the stock. Vetr raised shares of Roku from a “hold” rating to a “buy” rating and set a $48.27 target price on the stock in a report on Wednesday, January 10th. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price (up from $28.00) on shares of Roku in a report on Monday, November 27th. Zacks Investment Research raised shares of Roku from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Thursday, January 4th. Finally, BidaskClub raised shares of Roku from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $40.36.

Shares of Roku (NASDAQ:ROKU) traded up $0.68 during trading on Tuesday, hitting $34.53. 1,449,144 shares of the company traded hands, compared to its average volume of 4,759,709. Roku has a 12 month low of $15.75 and a 12 month high of $58.80.

Roku (NASDAQ:ROKU) last announced 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 company had revenue of $188.30 million for the quarter, compared to the consensus estimate of $182.54 million. The firm’s revenue was up 27.8% on a year-over-year basis. research analysts anticipate that Roku will post -0.5 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. OxFORD Asset Management LLP acquired a new position in shares of Roku during the 3rd quarter valued at $12,899,000. Dragoneer Investment Group LLC bought a new position in Roku during the third quarter worth about $9,554,000. BlackRock Inc. boosted its position in Roku by 48.4% during the fourth quarter. BlackRock Inc. now owns 628,069 shares of the company’s stock worth $32,521,000 after purchasing an additional 204,869 shares during the period. Jane Street Group LLC purchased a new stake in shares of Roku in the third quarter worth about $3,784,000. Finally, Deutsche Bank AG lifted its holdings in shares of Roku by 410.9% in the fourth quarter. Deutsche Bank AG now owns 164,617 shares of the company’s stock worth $8,523,000 after buying an additional 132,395 shares in the last quarter. 10.29% of the stock is currently 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.

Analyst Recommendations for Roku (NASDAQ:ROKU)

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