Roku, Inc. (NASDAQ:ROKU) was downgraded by stock analysts at Oppenheimer Holdings, Inc. to an “underperform” rating in a report released on Sunday. They currently have a $28.00 price objective on the stock. Oppenheimer Holdings, Inc.’s price target points to a potential downside of 29.06% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. Vetr lowered Roku from a “strong-buy” rating to a “buy” rating and set a $43.26 target price on the stock. in a research report on Monday. Royal Bank Of Canada began coverage on Roku in a research report on Monday, October 23rd. They issued a “sector perform” rating and a $26.00 target price on the stock. Morgan Stanley began coverage on Roku in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $22.00 target price on the stock. CIBC began coverage on Roku in a research report on Monday, October 23rd. They issued a “market perform” rating on the stock. Finally, William Blair began coverage on Roku in a research report on Monday, October 23rd. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $29.38.
Shares of Roku (ROKU) opened at $39.47 on Friday. 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 1 year low of $15.75 and a 1 year high of $48.80.
Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.68) by $1.58. The business had revenue of $124.80 million for the quarter, compared to analyst estimates of $110.47 million. The firm’s quarterly revenue was up 40.1% compared to the same quarter last year. analysts predict that Roku will post -2.32 earnings per share for the current year.
In other Roku news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $14.00, for a total value of $96,600,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new position in Roku in the third quarter valued at approximately $216,000. SG Americas Securities LLC bought a new position in Roku in the third quarter valued at approximately $273,000. Sylebra HK Co Ltd bought a new position in Roku in the third quarter valued at approximately $531,000. Sei Investments Co. bought a new position in shares of Roku during the 3rd quarter worth approximately $544,000. Finally, FNY Managed Accounts LLC bought a new position in shares of Roku during the 3rd quarter worth approximately $599,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.
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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.
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