Roku (ROKU) Lifted to Market Perform at Oppenheimer

Oppenheimer upgraded shares of Roku (NASDAQ:ROKU) from an underperform rating to a market perform rating in a report issued on Tuesday. Oppenheimer also issued estimates for Roku’s Q1 2018 earnings at ($0.16) EPS, Q2 2018 earnings at ($0.13) EPS, Q3 2018 earnings at ($0.11) EPS, Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.42) EPS, FY2019 earnings at ($0.06) EPS and FY2020 earnings at $0.43 EPS.

ROKU has been the subject of several other reports. Vetr downgraded shares of Roku from a strong-buy rating to a buy rating and set a $43.26 price objective for the company. in a research report on Monday, November 27th. Zacks Investment Research upgraded shares of Roku from a hold rating to a buy rating and set a $58.00 price objective for the company in a research report on Thursday, January 4th. BidaskClub upgraded shares of Roku from a hold rating to a buy rating in a research report on Saturday, February 17th. Finally, Citigroup upgraded shares of Roku to a market perform rating in a research report on Tuesday. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $40.36.

Shares of Roku (ROKU) opened at $32.06 on Tuesday. Roku has a 1 year low of $15.75 and a 1 year high of $58.80.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.17. The firm had revenue of $188.30 million for the quarter, compared to analyst estimates of $182.54 million. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. sell-side analysts expect that Roku will post -0.47 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Roku by 48.4% during the fourth quarter. BlackRock Inc. now owns 628,069 shares of the company’s stock worth $32,521,000 after buying an additional 204,869 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in shares of Roku by 16.1% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 521,507 shares of the company’s stock worth $27,004,000 after buying an additional 72,375 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Roku during the third quarter worth $12,899,000. Dragoneer Investment Group LLC bought a new stake in shares of Roku during the third quarter worth $9,554,000. Finally, Deutsche Bank AG grew its stake in shares of Roku by 410.9% during the fourth quarter. Deutsche Bank AG now owns 164,617 shares of the company’s stock worth $8,523,000 after buying an additional 132,395 shares during the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

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About Roku

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.

Analyst Recommendations for Roku (NASDAQ:ROKU)

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