Roku (NASDAQ:ROKU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $44.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 9.40% from the stock’s current price.

According to Zacks, “Roku, Inc. is involved in creating streaming platform for delivering entertainment to the television. The Company’s products primarily includes Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories such as cables, remote controls, power adapters and headphones. It operates primarily in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France. Roku, Inc. is based in SARATOGA, United States. “

Other research analysts also recently issued reports about the company. Needham & Company LLC started coverage on Roku in a research note on Monday, October 23rd. They issued a “buy” rating and a $28.00 price objective on the stock. Vetr downgraded Roku from a “strong-buy” rating to a “buy” rating and set a $43.26 price objective on the stock. in a research note on Monday, November 27th. Morgan Stanley raised their price objective on Roku from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. BidaskClub downgraded Roku from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, CIBC assumed coverage on Roku in a research note on Monday, October 23rd. They issued a “market perform” rating on the stock. Four analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.28.

Shares of Roku (ROKU) traded down $0.54 during mid-day trading on Thursday, hitting $40.22. The company had a trading volume of 1,970,000 shares, compared to its average volume of 7,680,000. 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 has a 1-year low of $15.75 and a 1-year high of $58.80. The company has a market cap of $3,880.00 and a P/E ratio of -56.65.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROKU. Nationwide Fund Advisors acquired a new stake in Roku in the 3rd quarter valued at approximately $1,009,000. Sei Investments Co. acquired a new stake in Roku in the 3rd quarter valued at approximately $544,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in Roku in the 3rd quarter valued at approximately $11,920,000. SG Americas Securities LLC acquired a new stake in Roku in the 3rd quarter valued at approximately $273,000. Finally, FNY Managed Accounts LLC acquired a new stake in Roku in the 3rd quarter valued at approximately $599,000. 23.28% of the stock is currently owned by hedge funds and other 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.

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