Roku (NASDAQ:ROKU) was downgraded by Vetr from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday. They presently have a $47.12 price target on the stock. Vetr‘s target price would suggest a potential upside of 10.98% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target (up previously from $28.00) on shares of Roku in a report on Monday, November 27th. Zacks Investment Research raised shares of Roku from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Thursday, January 4th. Morgan Stanley raised their target price on shares of Roku from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. BidaskClub cut shares of Roku from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, CIBC initiated coverage on shares of Roku in a research report on Monday, October 23rd. They issued a “market perform” rating for the company. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $35.16.
Shares of Roku (ROKU) traded down $1.24 during trading on Thursday, reaching $42.46. 3,590,670 shares of the company’s stock were exchanged, compared to its average volume of 3,766,461. Roku has a 1-year low of $15.75 and a 1-year high of $58.80. The company has a debt-to-equity ratio of -0.09, a quick ratio of 1.11 and a current ratio of 1.36.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Roku by 48.4% in the 4th quarter. BlackRock Inc. now owns 628,069 shares of the company’s stock worth $32,521,000 after purchasing an additional 204,869 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its position in shares of Roku by 16.1% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 521,507 shares of the company’s stock worth $27,004,000 after purchasing an additional 72,375 shares during the period. OxFORD Asset Management LLP purchased a new stake in shares of Roku in the 3rd quarter worth about $12,899,000. Dragoneer Investment Group LLC purchased a new position in Roku during the 3rd quarter valued at about $9,554,000. Finally, Taylor Wealth Management Partners lifted its position in Roku by 24.7% during the 4th quarter. Taylor Wealth Management Partners now owns 156,393 shares of the company’s stock valued at $8,098,000 after acquiring an additional 31,018 shares during the period. 23.46% of the stock is owned by hedge funds and other institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.