Royal Bank Of Canada Reaffirms “Sector Perform” Rating for Roku, Inc. (ROKU)
Royal Bank Of Canada reiterated their sector perform rating on shares of Roku, Inc. (NASDAQ:ROKU) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has a $28.00 price objective on the stock, up from their previous price objective of $26.00.
A number of other equities research analysts have also issued reports on ROKU. William Blair began coverage on Roku in a research note on Monday, October 23rd. They issued an outperform rating for the company. Citigroup Inc. began coverage on Roku in a research note on Monday, October 23rd. They issued a neutral rating and a $24.00 target price for the company. Needham & Company LLC began coverage on Roku in a research note on Monday, October 23rd. They issued a buy rating and a $28.00 target price for the company. CIBC began coverage on Roku in a research note on Monday, October 23rd. They issued a market perform rating for the company. Finally, Oppenheimer Holdings, Inc. assumed coverage on Roku in a research note on Monday, October 23rd. They issued a market perform rating and a $26.00 target price for the company. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $26.20.
Roku (ROKU) traded up $4.06 during mid-day trading on Thursday, hitting $33.25. The stock had a trading volume of 34,527,400 shares, compared to its average volume of 3,493,522. Roku has a fifty-two week low of $15.75 and a fifty-two week high of $36.65.
Roku (NASDAQ:ROKU) last posted 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 company had revenue of $124.80 million during the quarter, compared to analyst estimates of $110.47 million. The company’s quarterly revenue was up 40.1% compared to the same quarter last year. analysts expect that Roku will post -2.32 EPS for the current year.
WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/royal-bank-of-canada-reaffirms-sector-perform-rating-for-roku-inc-roku/1698613.html.
In other Roku news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the firm’s stock in a transaction that occurred 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 is accessible through the SEC website.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in Roku during the 3rd quarter valued at approximately $1,122,000. FNY Managed Accounts LLC acquired a new stake in Roku during the 3rd quarter valued at approximately $599,000. SG Americas Securities LLC acquired a new stake in Roku during the 3rd quarter valued at approximately $273,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in Roku during the 3rd quarter valued at approximately $11,920,000. Finally, Sei Investments Co. acquired a new stake in Roku during the 3rd quarter valued at approximately $544,000. Hedge funds and other institutional investors own 0.17% of the company’s stock.
Roku Company Profile
Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.
Receive News & Ratings for Roku Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.