Roku (NASDAQ:ROKU) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, February 17th.
Other research analysts have also recently issued research reports about the stock. Vetr cut 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 report on Wednesday, January 3rd. Morgan Stanley lowered shares of Roku from an “equal weight” rating to an “underweight” rating and set a $25.00 price objective on the stock. in a report on Thursday, January 4th. Citigroup lowered shares of 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. Finally, 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 note on Thursday, January 4th. 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 assigned a strong buy rating to the company’s stock. Roku currently has an average rating of “Hold” and an average target price of $40.36.
Roku (NASDAQ ROKU) traded down $0.44 during mid-day trading on Friday, reaching $36.93. 2,166,485 shares of the company were exchanged, compared to its average volume of 4,410,000. Roku has a one year low of $15.75 and a one year high of $58.80. The firm has a market cap of $3,610.00 and a PE ratio of -54.31.
Several hedge funds have recently made changes to their positions in ROKU. The Manufacturers Life Insurance Company acquired a new stake in Roku in the 4th quarter worth about $130,000. MYDA Advisors LLC acquired a new stake in Roku in the 4th quarter worth about $207,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Roku in the 4th quarter worth about $247,000. Kessler Investment Group LLC acquired a new position in shares of Roku in the 4th quarter valued at about $254,000. Finally, Gabelli Funds LLC acquired a new position in shares of Roku in the 4th quarter valued at about $259,000. Institutional investors and hedge funds own 10.47% of the company’s stock.
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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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