Roku, Inc. (ROKU) PT Raised to $25.00
Roku, Inc. (NASDAQ:ROKU) had its price objective boosted by investment analysts at Morgan Stanley from $22.00 to $25.00 in a report released on Thursday. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 24.81% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Needham & Company LLC started coverage on Roku in a research report on Monday, October 23rd. They set a “buy” rating and a $28.00 price target on the stock. CIBC began coverage on Roku in a research report on Monday, October 23rd. They set a “market perform” rating on the stock. Oppenheimer Holdings, Inc. began coverage on Roku in a report on Monday, October 23rd. They set a “market perform” rating and a $26.00 price objective for the company. Citigroup Inc. began coverage on Roku in a report on Monday, October 23rd. They set a “neutral” rating and a $24.00 price objective for the company. Finally, William Blair began coverage on Roku in a report on Monday, October 23rd. They set an “outperform” rating for the company. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.20.
Shares of Roku (ROKU) traded up $4.06 during midday trading on Thursday, reaching $33.25. The company’s stock had a trading volume of 34,527,400 shares, compared to its average volume of 3,493,522. Roku has a 1 year low of $15.75 and a 1 year high of $36.65.
Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.68) by $1.58. The business had revenue of $124.80 million for the quarter, compared to analyst estimates of $110.47 million. Roku’s revenue was up 40.1% compared to the same quarter last year. equities analysts forecast that Roku will post -2.32 EPS for the current year.
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In other news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the business’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 legal filing with the Securities & Exchange Commission, which is available at this link.
Several large investors have recently modified their holdings of ROKU. SG Americas Securities LLC bought a new stake in shares of Roku during the third quarter worth approximately $273,000. Sei Investments Co. bought a new stake in shares of Roku during the third quarter worth approximately $544,000. FNY Managed Accounts LLC bought a new stake in shares of Roku during the third quarter worth approximately $599,000. Nationwide Fund Advisors bought a new stake in shares of Roku in the third quarter valued at approximately $1,009,000. Finally, Citadel Advisors LLC bought a new stake in shares of Roku in the third quarter valued at approximately $1,122,000. 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.
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