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 report issued 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. UBS Group downgraded shares of Roku from a market perform rating to an underperform rating in a research report on Tuesday, November 14th. Needham & Company LLC started coverage on shares of Roku in a research report on Monday, October 23rd. They set a buy rating and a $28.00 price objective for the company. Morgan Stanley upped their price objective on shares of Roku from $22.00 to $25.00 and gave the stock an equal weight rating in a research report on Thursday, November 9th. Vetr downgraded shares of Roku from a strong-buy rating to a buy rating and set a $50.90 price objective for the company. in a research report on Monday, December 11th. Finally, Oppenheimer downgraded shares of Roku to an underperform rating and set a $28.00 price objective for the company. in a research report on Sunday, November 26th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Roku has an average rating of Hold and a consensus price target of $36.61.

Shares of Roku (ROKU) traded down $0.84 during trading hours on Tuesday, reaching $43.87. 3,332,300 shares of the company were exchanged, compared to its average volume of 8,037,850. The firm has a market cap of $4,240.00 and a PE ratio of -61.79. The company has a debt-to-equity ratio of -0.09, a quick ratio of 1.11 and a current ratio of 1.36. Roku has a 12-month low of $15.75 and a 12-month high of $58.80.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Kessler Investment Group LLC purchased a new position in shares of Roku in the 4th quarter valued at about $254,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Roku in the 3rd quarter valued at about $216,000. SG Americas Securities LLC purchased a new position in shares of Roku in the 3rd quarter valued at about $273,000. Sylebra HK Co Ltd purchased a new position in shares of Roku in the 3rd quarter valued at about $531,000. Finally, Sei Investments Co. purchased a new position in shares of Roku in the 3rd quarter valued at about $544,000. Institutional investors and hedge funds own 23.28% of the company’s stock.

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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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