Roku, Inc. (ROKU) Given Average Recommendation of “Hold” by Brokerages
Shares of Roku, Inc. (NASDAQ:ROKU) have earned an average rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $25.00.
ROKU has been the subject of several recent analyst reports. Needham & Company LLC initiated coverage on Roku in a research note on Monday. They issued a “buy” rating and a $28.00 price target for the company. CIBC initiated coverage on Roku in a research note on Monday. They issued a “market perform” rating for the company. William Blair initiated coverage on Roku in a research note on Monday. They issued an “outperform” rating for the company. Royal Bank Of Canada initiated coverage on Roku in a research note on Monday. They issued a “sector perform” rating and a $26.00 price target for the company. Finally, Morgan Stanley initiated coverage on Roku in a research note on Monday. They issued an “equal weight” rating and a $22.00 price target for the company.
In other Roku news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $14.00, for a total transaction of $96,600,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Roku (ROKU) traded down 2.2853% during mid-day trading on Monday, hitting $21.3702. The company had a trading volume of 559,842 shares. The company has a 50-day moving average price of $22.85 and a 200 day moving average price of $22.85. Roku has a 12 month low of $15.75 and a 12 month high of $29.80. The firm’s market capitalization is $334.83 million.
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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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