Research analysts at Oppenheimer Holdings, Inc. started coverage on shares of Roku, Inc. (NASDAQ:ROKU) in a report released on Monday. The firm set a “market perform” rating on the stock.

Other analysts also recently issued research reports about the stock. Needham & Company LLC began coverage on shares of Roku in a research report on Monday. They set a “buy” rating and a $28.00 target price for the company. Royal Bank Of Canada began coverage on shares of Roku in a research report on Monday. They set a “sector perform” rating and a $26.00 target price for the company. Morgan Stanley began coverage on shares of Roku in a research report on Monday. They set an “equal weight” rating for the company. Finally, Citigroup Inc. began coverage on shares of Roku in a research report on Monday. They set a “neutral” rating and a $24.00 target price for the company. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $26.00.

Roku (ROKU) opened at 21.94 on Monday. The company’s 50-day moving average is $22.85 and its 200-day moving average is $22.85. The firm’s market cap is $343.76 million. Roku has a one year low of $15.75 and a one year high of $29.80.

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In other news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the firm’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at the SEC website.

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.

Analyst Recommendations for Roku (NASDAQ:ROKU)

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