Roku (NASDAQ:ROKU) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday. The firm presently has a $50.90 price objective on the stock. Vetr‘s price objective would suggest a potential upside of 13.44% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Oppenheimer began coverage on Roku in a research report on Monday, October 23rd. They issued a “market perform” rating and a $26.00 target price for the company. Royal Bank Of Canada began coverage on Roku in a research report on Monday, October 23rd. They issued a “sector perform” rating and a $26.00 target price for the company. Morgan Stanley began coverage on Roku in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $22.00 target price for the company. CIBC began coverage on Roku in a research report on Monday, October 23rd. They issued a “market perform” rating for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price (up from $28.00) on shares of Roku in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $34.32.

Shares of Roku (NASDAQ:ROKU) traded down $1.56 during mid-day trading on Wednesday, reaching $44.87. The company had a trading volume of 15,740,800 shares, compared to its average volume of 11,293,119. Roku has a 52-week low of $15.75 and a 52-week high of $51.80. The company has a debt-to-equity ratio of -0.09, a current ratio of 1.36 and a quick ratio of 1.11.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, November 8th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($1.68) by $1.58. The firm had revenue of $124.80 million during the quarter, compared to the consensus estimate of $110.47 million. The firm’s quarterly revenue was up 40.1% compared to the same quarter last year. sell-side analysts predict that Roku will post -2.32 earnings per share for the current fiscal year.

In other Roku news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of Roku stock in a transaction 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 through this hyperlink.

Hedge funds and other institutional investors have recently modified their holdings of the business. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Roku during the third quarter valued at $11,920,000. FNY Managed Accounts LLC bought a new position in shares of Roku during the third quarter valued at $599,000. Sei Investments Co. bought a new position in shares of Roku during the third quarter valued at $544,000. Sylebra HK Co Ltd bought a new position in shares of Roku during the third quarter valued at $531,000. Finally, SG Americas Securities LLC bought a new position in shares of Roku during the third quarter valued at $273,000. 23.28% of the stock is owned by institutional investors.

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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)

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