Roku Inc (NASDAQ:ROKU) has been given an average rating of “Hold” by the ten research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $37.30.
A number of research analysts have weighed in on the company. Citigroup lowered Roku from a “neutral” rating to a “sell” rating and set a $24.00 price objective on the stock. in a report on Friday. Vetr upgraded Roku from a “strong sell” rating to a “sell” rating and set a $48.12 price objective on the stock in a report on Thursday. Zacks Investment Research upgraded Roku from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Thursday. Morgan Stanley lowered Roku from an “equal weight” rating to an “underweight” rating and set a $25.00 price objective on the stock. in a report on Thursday. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective (up previously from $28.00) on shares of Roku in a report on Monday, November 27th.
A number of hedge funds have recently made changes to their positions in ROKU. OxFORD Asset Management LLP purchased a new position in Roku in the 3rd quarter valued at $12,899,000. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Roku during the 3rd quarter worth $11,920,000. Dragoneer Investment Group LLC purchased a new position in shares of Roku during the 3rd quarter worth $9,554,000. Jane Street Group LLC purchased a new position in shares of Roku during the 3rd quarter worth $3,784,000. Finally, Davidson Kempner Capital Management LP purchased a new position in shares of Roku during the 3rd quarter worth $2,650,000. Institutional investors own 23.28% of the company’s stock.
Roku (NASDAQ ROKU) opened at $46.28 on Friday. Roku has a 52-week low of $15.75 and a 52-week high of $58.80. The stock has a market capitalization of $4,530.00 and a P/E ratio of -65.18. 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 announced its earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.68) by $1.58. The business had revenue of $124.80 million for the quarter, compared to analysts’ expectations of $110.47 million. The company’s revenue for the quarter was up 40.1% on a year-over-year basis. analysts expect that Roku will post -2.32 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://ledgergazette.com/2018/01/13/roku-inc-roku-given-average-recommendation-of-hold-by-brokerages.html.
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.
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.