Roku (NASDAQ:ROKU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $58.00 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 13.57% from the company’s current price.

According to Zacks, “Roku, Inc. is involved in creating streaming platform for delivering entertainment to the television. The Company’s products primarily includes Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories such as cables, remote controls, power adapters and headphones. It operates primarily in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France. Roku, Inc. is based in SARATOGA, United States. “

A number of other equities analysts also recently weighed in on ROKU. Morgan Stanley downgraded shares of Roku from an “equal weight” rating to an “underweight” rating and set a $25.00 price target on the stock. in a report on Thursday. Vetr downgraded shares of Roku from a “sell” rating to a “strong sell” rating and set a $48.47 price target on the stock. in a report on Wednesday. William Blair assumed coverage on shares of Roku in a report on Monday, October 23rd. They issued an “outperform” rating on the stock. Citigroup assumed coverage on Roku in a research note on Monday, October 23rd. They issued a “neutral” rating and a $24.00 price objective on the stock. Finally, Needham & Company LLC assumed coverage on Roku in a research note on Monday, October 23rd. They issued a “buy” rating and a $28.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Roku presently has a consensus rating of “Hold” and a consensus price target of $37.35.

Shares of Roku (ROKU) traded down $4.37 during trading hours on Thursday, hitting $51.07. 7,946,963 shares of the company were exchanged, compared to its average volume of 7,068,050. 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 stock has a market cap of $5,050.00 and a P/E ratio of -71.93. Roku has a 52 week low of $15.75 and a 52 week high of $58.80.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.68) by $1.58. The company had revenue of $124.80 million during the quarter, compared to analysts’ expectations of $110.47 million. Roku’s quarterly revenue was up 40.1% on a year-over-year basis. analysts predict that Roku will post -2.32 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new stake in Roku in the 3rd quarter valued at about $216,000. SG Americas Securities LLC bought a new stake in Roku in the 3rd quarter valued at about $273,000. Sylebra HK Co Ltd bought a new stake in Roku in the 3rd quarter valued at about $531,000. Sei Investments Co. bought a new stake in Roku in the 3rd quarter valued at about $544,000. Finally, FNY Managed Accounts LLC bought a new stake in Roku in the 3rd quarter valued at about $599,000. Institutional investors and hedge funds own 23.28% of the company’s stock.

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Roku Company Profile

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.

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Analyst Recommendations for Roku (NASDAQ:ROKU)

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