Roku, Inc. (ROKU) Receives Consensus Recommendation of “Hold” from Brokerages
Roku, Inc. (NASDAQ:ROKU) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $34.32.
A number of analysts recently commented on ROKU shares. Vetr raised Roku from a “buy” rating to a “strong-buy” rating and set a $50.90 price target for the company in a research note on Wednesday, November 29th. Citigroup started coverage on 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 reaffirmed 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. Morgan Stanley started coverage on Roku in a research note on Monday, October 23rd. They issued an “equal weight” rating and a $22.00 price target for the company. Finally, Oppenheimer reaffirmed an “underperform” rating on shares of Roku in a research note on Tuesday, November 14th. They noted that the move was a valuation call.
Shares of Roku (NASDAQ ROKU) opened at $47.98 on Tuesday. Roku has a 52 week low of $15.75 and a 52 week high of $51.80. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of -0.09.
In related news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
A number of institutional investors and hedge funds have recently bought and sold shares of ROKU. OxFORD Asset Management LLP bought a new position in Roku in the third quarter worth $12,899,000. Gilder Gagnon Howe & Co. LLC bought a new position in Roku in the third quarter worth $11,920,000. Dragoneer Investment Group LLC bought a new position in Roku in the third quarter worth $9,554,000. Jane Street Group LLC bought a new position in Roku in the third quarter worth $3,784,000. Finally, Davidson Kempner Capital Management LP bought a new position in Roku in the third quarter worth $2,650,000. Institutional investors and hedge funds own 23.28% of the company’s stock.
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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.
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