Roku (NASDAQ:ROKU) was downgraded by Vetr from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday. They presently have a $48.47 price objective on the stock. Vetr‘s target price suggests a potential downside of 12.57% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Morgan Stanley started coverage on Roku in a research report on Monday, October 23rd. They set an “equal weight” rating and a $22.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target (up previously from $28.00) on shares of Roku in a research report on Monday, November 27th. UBS Group downgraded Roku from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 14th. Oppenheimer started coverage on Roku in a research report on Monday, October 23rd. They set a “market perform” rating and a $26.00 price target on the stock. Finally, Royal Bank of Canada started coverage on Roku in a research report on Monday, October 23rd. They set a “sector perform” rating and a $26.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $33.91.

Roku (NASDAQ ROKU) traded up $3.37 on Wednesday, hitting $55.44. The stock had a trading volume of 9,848,100 shares, compared to its average volume of 9,200,000. Roku has a fifty-two week low of $15.75 and a fifty-two week high of $58.80. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of -0.09. The company has a market cap of $5,420.00 and a P/E ratio of -78.08.

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 analysts’ consensus estimates of ($1.68) by $1.58. The firm had revenue of $124.80 million for the quarter, compared to the consensus estimate of $110.47 million. Roku’s revenue for the quarter was up 40.1% on a year-over-year basis. equities analysts forecast that Roku will post -2.32 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Dragoneer Investment Group LLC bought a new stake in Roku during the third quarter valued at about $9,554,000. Jane Street Group LLC bought a new stake in Roku during the third quarter valued at about $3,784,000. Pier Capital LLC bought a new stake in Roku during the third quarter valued at about $1,454,000. OxFORD Asset Management LLP bought a new stake in Roku during the third quarter valued at about $12,899,000. Finally, Sei Investments Co. bought a new stake in Roku during the third quarter valued at about $544,000. 23.28% of the stock is currently owned by institutional investors.

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About Roku

Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.

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

Analyst Recommendations for Roku (NASDAQ:ROKU)

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