Vetr downgraded shares of Roku (NASDAQ:ROKU) from a strong-buy rating to a buy rating in a report issued on Monday. The firm currently has $50.90 price target on the stock.

A number of other equities analysts also recently commented on ROKU. William Blair assumed coverage on shares of Roku in a research note on Monday, October 23rd. They issued an outperform rating on the stock. Citigroup assumed coverage on shares of Roku in a research note on Monday, October 23rd. They issued a neutral rating and a $24.00 target price on the stock. Needham & Company LLC assumed coverage on shares of Roku in a research note on Monday, October 23rd. They issued a buy rating and a $28.00 target price on the stock. Oppenheimer downgraded shares of Roku to an underperform rating and set a $28.00 target price on the stock. in a research note on Sunday, November 26th. Finally, CIBC assumed coverage on shares of Roku in a research note on Monday, October 23rd. They issued a market perform rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $34.32.

Shares of Roku (ROKU) traded down $1.49 during trading hours on Monday, reaching $45.46. 6,714,900 shares of the company traded hands, compared to its average volume of 10,603,385. Roku has a one year low of $15.75 and a one year high of $51.80. The company has a debt-to-equity ratio of -0.09, a quick ratio of 1.11 and a current ratio of 1.36.

Roku (NASDAQ:ROKU) last issued its 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 company had revenue of $124.80 million during the quarter, compared to the consensus estimate of $110.47 million. The business’s quarterly revenue was up 40.1% on a year-over-year basis. equities analysts forecast that Roku will post -2.32 EPS for the current year.

In other Roku news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $14.00, for a total value of $96,600,000.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OxFORD Asset Management LLP bought a new position in shares of Roku during the third quarter valued at approximately $12,899,000. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Roku during the third quarter valued at approximately $11,920,000. Dragoneer Investment Group LLC bought a new position in shares of Roku during the third quarter valued at approximately $9,554,000. Jane Street Group LLC bought a new position in shares of Roku during the third quarter valued at approximately $3,784,000. Finally, Davidson Kempner Capital Management LP bought a new position in shares of Roku during the third quarter valued at approximately $2,650,000. Hedge funds and other institutional investors 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.

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

Analyst Recommendations for Roku (NASDAQ:ROKU)

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