Roku, Inc. (ROKU) Rating Lowered to Underperform at UBS AG
Roku, Inc. (NASDAQ:ROKU) was downgraded by analysts at UBS AG from a “market perform” rating to an “underperform” rating in a research note issued on Tuesday, The Fly reports.
Several other research firms also recently weighed in on ROKU. Oppenheimer Holdings, Inc. restated an “underperform” rating on shares of Roku in a report on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and issued a $28.00 price objective (up from $26.00) on shares of Roku in a report on Thursday, November 9th. Morgan Stanley lifted their price objective on Roku from $22.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. William Blair began coverage on Roku in a report on Monday, October 23rd. They issued an “outperform” rating for the company. Finally, CIBC began coverage on Roku in a report on Monday, October 23rd. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $26.20.
Roku (ROKU) traded up $9.46 during trading hours on Tuesday, hitting $42.71. The stock had a trading volume of 53,078,300 shares, compared to its average volume of 8,700,260. Roku has a fifty-two week low of $15.75 and a fifty-two week high of $47.49.
TRADEMARK VIOLATION WARNING: “Roku, Inc. (ROKU) Rating Lowered to Underperform at UBS AG” was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/11/14/roku-inc-roku-rating-lowered-to-underperform-at-ubs-ag.html.
In other Roku news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of institutional investors have recently made changes to their positions in the business. OxFORD Asset Management LLP bought a new position in Roku in the third quarter worth about $12,899,000. Gilder Gagnon Howe & Co. LLC bought a new position in Roku in the third quarter worth about $11,920,000. Pier Capital LLC bought a new position in Roku in the third quarter worth about $1,454,000. Citadel Advisors LLC bought a new position in Roku in the third quarter worth about $1,122,000. Finally, Nationwide Fund Advisors bought a new position in Roku in the third quarter worth about $1,009,000. Institutional investors and hedge funds own 0.70% of the company’s stock.
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.
Receive News & Ratings for Roku Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku Inc. and related companies with MarketBeat.com's FREE daily email newsletter.