Vetr Downgrades Roku (ROKU) to Hold
Roku (NASDAQ:ROKU) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “hold” rating in a report released on Thursday. They presently have a $47.12 price target on the stock. Vetr‘s price objective points to a potential upside of 10.98% from the company’s previous close.
Other research analysts have also issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target (up previously from $28.00) on shares of Roku in a research report on Monday, November 27th. Zacks Investment Research upgraded Roku from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, January 4th. Morgan Stanley boosted their price target on Roku from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. BidaskClub lowered Roku from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, CIBC started coverage on Roku in a research report on Monday, October 23rd. They set a “market perform” rating for the company. Four analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $35.16.
Roku (ROKU) opened at $42.46 on Thursday. 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 12-month low of $15.75 and a 12-month high of $58.80.
Several institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Roku in the fourth quarter valued at $130,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Roku in the fourth quarter valued at $247,000. Kessler Investment Group LLC acquired a new stake in shares of Roku in the fourth quarter valued at $254,000. Gabelli Funds LLC acquired a new stake in shares of Roku in the fourth quarter valued at $259,000. Finally, DAVENPORT & Co LLC acquired a new stake in shares of Roku in the fourth quarter valued at $324,000. Institutional investors and hedge funds own 23.46% 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.
To view Vetr’s full report, visit Vetr’s official website.
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