Roku (NASDAQ:ROKU) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday. They presently have a $50.90 price target on the stock. Vetr‘s target price points to a potential upside of 8.41% from the stock’s current price.

ROKU has been the subject of a number of other research reports. UBS cut Roku from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 14th. Needham & Company LLC assumed coverage on Roku in a research report on Monday, October 23rd. They set a “buy” rating and a $28.00 price objective for the company. Morgan Stanley boosted their price target on Roku from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Oppenheimer cut Roku to an “underperform” rating and set a $28.00 price target for the company. in a research report on Sunday, November 26th. Finally, Citigroup assumed coverage on Roku in a research report on Monday, October 23rd. They issued a “neutral” rating and a $24.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Roku presently has a consensus rating of “Hold” and an average target price of $34.32.

Shares of Roku (NASDAQ ROKU) opened at $46.95 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 $51.80.

Roku (NASDAQ:ROKU) last released its quarterly earnings data 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 firm had revenue of $124.80 million for the quarter, compared to analyst estimates of $110.47 million. Roku’s revenue for the quarter 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 business’s stock in a transaction dated 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 SEC, which is available through this link.

Several hedge funds have recently added to or reduced their stakes in the company. OxFORD Asset Management LLP bought a new stake in shares of Roku in the 3rd quarter valued at approximately $12,899,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Roku in the 3rd quarter valued at approximately $11,920,000. Dragoneer Investment Group LLC bought a new stake in shares of Roku in the 3rd quarter valued at approximately $9,554,000. Jane Street Group LLC bought a new stake in shares of Roku in the 3rd quarter valued at approximately $3,784,000. Finally, Davidson Kempner Capital Management LP bought a new stake in shares of Roku in the 3rd quarter valued at approximately $2,650,000. Institutional investors own 23.28% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Vetr Downgrades Roku (ROKU) to Buy” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/vetr-downgrades-roku-roku-to-buy/1760678.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.

Analyst Recommendations for Roku (NASDAQ:ROKU)

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.