MYDA Advisors LLC purchased a new stake in Roku Inc (NASDAQ:ROKU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,000 shares of the company’s stock, valued at approximately $207,000.
Several other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new stake in Roku in the 4th quarter valued at $130,000. Raymond James Financial Services Advisors Inc. bought a new stake in Roku during the 4th quarter worth about $247,000. Kessler Investment Group LLC bought a new stake in Roku during the 4th quarter worth about $254,000. Gabelli Funds LLC bought a new stake in Roku during the 4th quarter worth about $259,000. Finally, Bluestein R H & Co. bought a new stake in shares of Roku in the 4th quarter valued at about $259,000. 10.47% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on ROKU. Morgan Stanley cut shares of Roku from an “equal weight” rating to an “underweight” rating and set a $25.00 target price on the stock. in a report on Thursday, January 4th. Vetr lowered shares of Roku from a “sell” rating to a “strong sell” rating and set a $48.47 price target on the stock. in a research note on Wednesday, January 3rd. Citigroup lowered shares of Roku from a “neutral” rating to a “sell” rating and set a $24.00 target price on the stock. in a research report on Friday, January 5th. Zacks Investment Research upgraded shares of Roku from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, January 4th. Finally, Royal Bank of Canada increased their price target on shares of Roku to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 22nd. Five research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Roku currently has an average rating of “Hold” and a consensus price target of $40.36.
Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.17. The company had revenue of $188.30 million during the quarter, compared to analyst estimates of $182.54 million. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. equities research analysts expect that Roku Inc will post -0.5 EPS for the current fiscal year.
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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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