Roku’s (ROKU) Underperform Rating Reaffirmed at Oppenheimer Holdings, Inc.

Roku, Inc. (NASDAQ:ROKU)‘s stock had its “underperform” rating reiterated by analysts at Oppenheimer Holdings, Inc. in a report issued on Tuesday. Oppenheimer Holdings also issued estimates for Roku’s Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($2.88) EPS, Q1 2018 earnings at ($0.21) EPS, Q2 2018 earnings at ($0.14) EPS, Q3 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.41) EPS and FY2019 earnings at ($0.21) EPS.

A number of other equities research analysts have also commented on ROKU. Morgan Stanley initiated coverage on Roku in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $22.00 price target for the company. Royal Bank Of Canada initiated coverage on Roku in a research report on Monday, October 23rd. They issued a “sector perform” rating and a $26.00 price target for the company. Needham & Company LLC initiated coverage on Roku in a research report on Monday, October 23rd. They issued a “buy” rating and a $28.00 price target for the company. Citigroup Inc. initiated coverage on Roku in a research report on Monday, October 23rd. They issued a “neutral” rating and a $24.00 price target for the company. Finally, CIBC initiated coverage on Roku in a research report on Monday, October 23rd. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.20.

Roku (NASDAQ ROKU) traded up $9.46 during midday trading on Tuesday, reaching $42.71. The company had a trading volume of 53,078,300 shares, compared to its average volume of 8,700,260. Roku has a twelve month low of $15.75 and a twelve month high of $47.49.

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

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In other news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $14.00, for a total transaction of $96,600,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Roku during the 3rd quarter valued at $216,000. SG Americas Securities LLC purchased a new stake in shares of Roku during the 3rd quarter valued at $273,000. Sei Investments Co. purchased a new stake in shares of Roku during the 3rd quarter valued at $544,000. FNY Managed Accounts LLC purchased a new stake in shares of Roku during the 3rd quarter valued at $599,000. Finally, Nationwide Fund Advisors purchased a new stake in shares of Roku during the 3rd quarter valued at $1,009,000. 0.70% of the stock is owned by hedge funds and other institutional investors.

Roku Company Profile

Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.

Analyst Recommendations for Roku (NASDAQ:ROKU)

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