Roku, Inc. (ROKU) Coverage Initiated by Analysts at William Blair
Research analysts at William Blair initiated coverage on shares of Roku, Inc. (NASDAQ:ROKU) in a note issued to investors on Monday, The Fly reports. The firm set an “outperform” rating on the stock.
Several other research firms have also recently commented on ROKU. Citigroup Inc. initiated coverage on shares of Roku in a research note on Monday. They issued a “neutral” rating and a $24.00 target price for the company. Morgan Stanley assumed coverage on shares of Roku in a research note on Monday. They set an “equal weight” rating for the company. CIBC assumed coverage on shares of Roku in a research note on Monday. They set a “market perform” rating for the company. Oppenheimer Holdings, Inc. assumed coverage on shares of Roku in a research note on Monday. They set a “market perform” rating for the company. Finally, Royal Bank Of Canada assumed coverage on shares of Roku in a research note on Monday. They set a “sector perform” rating and a $26.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.00.
Roku (NASDAQ:ROKU) opened at 21.94 on Monday. The stock’s market capitalization is $343.76 million. Roku has a 12 month low of $15.75 and a 12 month high of $29.80. The company has a 50-day moving average price of $22.85 and a 200 day moving average price of $22.85.
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In other news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $14.00, for a total transaction of $96,600,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Roku Company Profile
Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.
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