Roku (NASDAQ:ROKU) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday, January 16th. The firm currently has a $47.93 price target on the stock. Vetr‘s price objective would indicate a potential upside of 12.88% from the company’s current price.
Several other research firms also recently commented on ROKU. Morgan Stanley downgraded shares of Roku from an “equal weight” rating to an “underweight” rating and set a $25.00 price target for the company. in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of Roku from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Wednesday, January 10th. Citigroup started coverage on shares of Roku in a research note on Monday, October 23rd. They issued a “neutral” rating and a $24.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $28.00 price target (up previously from $26.00) on shares of Roku in a research note on Thursday, November 9th. Finally, Oppenheimer restated an “underperform” rating on shares of Roku in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $35.16.
Roku (ROKU) traded down $1.24 during trading on Tuesday, reaching $42.46. 3,582,699 shares of the company traded hands, compared to its average volume of 5,070,000. Roku has a 12-month low of $15.75 and a 12-month high of $58.80. The company has a debt-to-equity ratio of -0.09, a current ratio of 1.36 and a quick ratio of 1.11. The firm has a market cap of $4,150.00 and a P/E ratio of -59.80.
Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.68) by $1.58. The company had revenue of $124.80 million during the quarter, compared to analyst estimates of $110.47 million. The company’s revenue was up 40.1% on a year-over-year basis. research analysts predict that Roku will post -2.32 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Roku during the 4th quarter worth $130,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Roku during the 4th quarter worth $247,000. Kessler Investment Group LLC purchased a new stake in shares of Roku during the 4th quarter worth $254,000. Gabelli Funds LLC purchased a new stake in shares of Roku during the 4th quarter worth $259,000. Finally, DAVENPORT & Co LLC purchased a new stake in shares of Roku during the 4th quarter worth $324,000. 23.46% of the stock is owned by institutional investors and hedge funds.
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.
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