Roku (NASDAQ:ROKU) was downgraded by equities researchers at Citigroup from a “neutral” rating to a “sell” rating in a research note issued on Friday, Marketbeat reports. They presently have a $24.00 target price on the stock. Citigroup’s target price points to a potential downside of 48.14% from the company’s previous close.
ROKU has been the subject of a number of other reports. Vetr lowered Roku from a “strong-buy” rating to a “buy” rating and set a $43.26 price target for the company. in a research note on Monday, November 27th. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Thursday. Needham & Company LLC began coverage on Roku in a research note on Monday, October 23rd. They set a “buy” rating and a $28.00 price target for the company. Royal Bank of Canada began coverage on Roku in a research note on Monday, October 23rd. They set a “sector perform” rating and a $26.00 price target for the company. Finally, William Blair began coverage on Roku in a research note on Monday, October 23rd. They set an “outperform” rating for the company. Five analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Roku presently has an average rating of “Hold” and an average target price of $37.30.
Shares of Roku (NASDAQ:ROKU) traded down $4.96 during midday trading on Friday, reaching $46.28. The company’s stock had a trading volume of 12,959,500 shares, compared to its average volume of 9,390,000. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of -0.09. The company has a market cap of $4,090.00 and a price-to-earnings ratio of -65.18. Roku has a 52-week low of $15.75 and a 52-week high of $58.80.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ROKU. Nationwide Fund Advisors bought a new stake in shares of Roku during the 3rd quarter worth $1,009,000. Sei Investments Co. bought a new stake in shares of Roku during the 3rd quarter worth $544,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Roku during the 3rd quarter worth $11,920,000. SG Americas Securities LLC bought a new stake in shares of Roku during the 3rd quarter worth $273,000. Finally, FNY Managed Accounts LLC bought a new stake in shares of Roku during the 3rd quarter worth $599,000. 23.28% of the stock is owned by institutional investors and hedge funds.
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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.
