Roku, Inc. (NASDAQ:ROKU) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday. The brokerage currently has a $43.26 price objective on the stock. Vetr‘s target price would suggest a potential upside of 16.10% from the stock’s current price.

Other analysts also recently issued reports about the stock. Oppenheimer Holdings, Inc. began coverage on shares of Roku in a research report on Monday, October 23rd. They issued a “market perform” rating and a $26.00 price objective on the stock. CIBC began coverage on shares of Roku in a research report on Monday, October 23rd. They issued a “market perform” rating on the stock. Royal Bank Of Canada began coverage on shares of Roku in a research report on Monday, October 23rd. They issued a “sector perform” rating and a $26.00 price objective on the stock. Morgan Stanley began coverage on shares of Roku in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $22.00 price objective on the stock. Finally, William Blair began coverage on shares of Roku in a research report on Monday, October 23rd. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Roku currently has an average rating of “Hold” and a consensus price target of $29.04.

Roku (NASDAQ:ROKU) traded down $1.76 during trading on Tuesday, hitting $37.26. 5,413,753 shares of the stock were exchanged, compared to its average volume of 10,395,724. The company has a debt-to-equity ratio of -0.09, a quick ratio of 1.11 and a current ratio of 1.36. Roku has a one year low of $15.75 and a one year high of $48.80.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.68) by $1.58. The business 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% on a year-over-year basis. research analysts expect that Roku will post -2.32 earnings per share 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 transaction of $96,600,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Several hedge funds have recently added to or reduced their stakes in ROKU. Oppenheimer Asset Management Inc. acquired a new position in shares of Roku in the 3rd quarter worth approximately $216,000. SG Americas Securities LLC acquired a new position in shares of Roku in the 3rd quarter worth approximately $273,000. Sylebra HK Co Ltd acquired a new position in shares of Roku in the 3rd quarter worth approximately $531,000. Sei Investments Co. acquired a new position in shares of Roku in the 3rd quarter worth approximately $544,000. Finally, FNY Managed Accounts LLC acquired a new position in shares of Roku in the 3rd quarter worth approximately $599,000. Institutional investors own 16.53% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Roku (NASDAQ:ROKU)

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