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.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, November 8th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($1.68) by $1.58. The firm had revenue of $124.80 million during the quarter, compared to the consensus estimate of $110.47 million. The business’s quarterly revenue was up 40.1% compared to the same quarter last year. equities research analysts predict that Roku will post -2.32 EPS for the current year.

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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.

About Roku

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.

The Fly

Analyst Recommendations for Roku (NASDAQ:ROKU)

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