Roku (ROKU) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Roku (NASDAQ:ROKU) from a buy rating to a hold rating in a research note published on Tuesday.

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. “

ROKU has been the subject of a number of other research reports. Vetr cut Roku from a strong-buy rating to a buy rating and set a $43.26 price objective for the company. in a research report on Monday, November 27th. Needham & Company LLC began 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. Royal Bank of Canada began coverage on Roku in a research note on Monday, October 23rd. They issued a sector perform rating and a $26.00 price target on the stock. William Blair began coverage on Roku in a research note on Monday, October 23rd. They issued an outperform rating on the stock. Finally, Citigroup lowered Roku from a neutral rating to a sell rating and set a $24.00 price target on the stock. in a research note on Friday, January 5th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Roku has a consensus rating of Hold and an average target price of $36.61.

Roku (NASDAQ ROKU) traded down $0.02 during trading on Tuesday, reaching $44.71. The company had a trading volume of 5,147,700 shares, compared to its average volume of 9,740,000. The stock has a market cap of $4,370.00 and a PE ratio of -62.97. Roku has a 1 year low of $15.75 and a 1 year high of $58.80. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of -0.09.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($1.68) by $1.58. The company had revenue of $124.80 million for the quarter, compared to analysts’ expectations of $110.47 million. The company’s revenue was up 40.1% on a year-over-year basis. equities research analysts predict that Roku will post -2.32 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OxFORD Asset Management LLP acquired a new position in shares of Roku in the 3rd quarter valued at about $12,899,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Roku in the 3rd quarter valued at about $11,920,000. Dragoneer Investment Group LLC acquired a new position in shares of Roku in the 3rd quarter valued at about $9,554,000. Jane Street Group LLC acquired a new position in shares of Roku in the 3rd quarter valued at about $3,784,000. Finally, Davidson Kempner Capital Management LP acquired a new position in shares of Roku in the 3rd quarter valued at about $2,650,000. 23.28% of the stock is currently owned by institutional investors and hedge funds.

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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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