Morgan Stanley reaffirmed their underweight rating on shares of Roku (NASDAQ:ROKU) in a research report report published on Thursday morning, Marketbeat.com reports. The brokerage currently has a $32.00 price objective on the stock, up from their previous price objective of $30.00.
A number of other equities analysts have also recently issued reports on the company. Vetr raised Roku from a buy rating to a strong-buy rating and set a $50.90 target price for the company in a report on Wednesday, November 29th. Needham & Company LLC reaffirmed a buy rating and issued a $50.00 target price (up previously from $28.00) on shares of Roku in a report on Monday, November 27th. Zacks Investment Research raised Roku from a hold rating to a buy rating and set a $44.00 target price for the company in a report on Thursday, January 18th. Finally, UBS Group lowered Roku from a market perform rating to an underperform rating in a research report on Tuesday, November 14th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $40.36.
Roku (NASDAQ ROKU) opened at $41.52 on Thursday. Roku has a fifty-two week low of $15.75 and a fifty-two week high of $58.80. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of -0.09.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company bought a new stake in shares of Roku in the 4th quarter valued at about $130,000. MYDA Advisors LLC bought a new stake in shares of Roku in the 4th quarter valued at about $207,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Roku during the 4th quarter valued at about $247,000. Kessler Investment Group LLC bought a new stake in shares of Roku during the 4th quarter valued at about $254,000. Finally, Gabelli Funds LLC bought a new stake in shares of Roku during the 4th quarter valued at about $259,000. Hedge funds and other institutional investors own 11.04% of the company’s stock.
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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