Vetr downgraded shares of Roku (NASDAQ:ROKU) from a buy rating to a hold rating in a research report report published on Monday. Vetr currently has $50.90 price objective on the stock.

Several other analysts have also issued reports on the company. Needham & Company LLC reiterated a buy rating and set a $50.00 price objective (up from $28.00) on shares of Roku in a report on Monday, November 27th. Oppenheimer lowered Roku to an underperform rating and set a $28.00 price objective for the company. in a report on Sunday, November 26th. UBS lowered Roku from a market perform rating to an underperform rating in a report on Tuesday, November 14th. Morgan Stanley increased their price objective on Roku from $22.00 to $25.00 and gave the stock an equal weight rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada reiterated a sector perform rating and set a $28.00 price objective (up from $26.00) on shares of Roku in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $34.32.

Shares of Roku (NASDAQ:ROKU) opened at $52.89 on Monday. 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 12-month low of $15.75 and a 12-month high of $58.80.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, November 8th. The company reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.68) by $1.58. The business had revenue of $124.80 million during the quarter, compared to analyst estimates of $110.47 million. The firm’s revenue was up 40.1% compared to the same quarter last year. research analysts anticipate that Roku will post -2.32 EPS for the current fiscal year.

In related news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $14.00, for a total transaction of $96,600,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of hedge funds and other institutional investors have recently bought and sold shares of ROKU. OxFORD Asset Management LLP bought a new position in Roku during the third quarter valued at about $12,899,000. Gilder Gagnon Howe & Co. LLC bought a new position in Roku during the third quarter valued at about $11,920,000. Dragoneer Investment Group LLC bought a new position in Roku during the third quarter valued at about $9,554,000. Jane Street Group LLC bought a new position in Roku during the third quarter valued at about $3,784,000. Finally, Davidson Kempner Capital Management LP bought a new position in Roku during the third quarter valued at about $2,650,000. Institutional investors own 23.28% of the company’s stock.

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About Roku

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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