Roku, Inc. (NASDAQ:ROKU) shares were up 7.8% on Monday . The company traded as high as $53.17 and last traded at $56.40. Approximately 10,662,011 shares were traded during trading, an increase of 0% from the average daily volume of 10,649,975 shares. The stock had previously closed at $52.31.
A number of research analysts recently issued reports on ROKU shares. UBS lowered shares of Roku from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 14th. Needham & Company LLC started coverage on shares of Roku in a research note on Monday, October 23rd. They issued a “buy” rating and a $28.00 target price on the stock. Morgan Stanley raised their target price on shares of Roku from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Vetr lowered shares of Roku from a “strong-buy” rating to a “buy” rating and set a $50.90 target price on the stock. in a research note on Monday, December 11th. Finally, Oppenheimer lowered shares of Roku to an “underperform” rating and set a $28.00 target price on the stock. in a research note on Sunday, November 26th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.32.
The company has a debt-to-equity ratio of -0.09, a current ratio of 1.36 and a quick ratio of 1.11.
In other Roku 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 shares were sold at an average price of $14.00, for a total value of $96,600,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. acquired a new stake in Roku in the 3rd quarter worth $216,000. SG Americas Securities LLC acquired a new stake in Roku in the 3rd quarter worth $273,000. Sylebra HK Co Ltd acquired a new stake in Roku in the 3rd quarter worth $531,000. Sei Investments Co. acquired a new stake in Roku in the 3rd quarter worth $544,000. Finally, FNY Managed Accounts LLC acquired a new stake in Roku in the 3rd quarter worth $599,000. Institutional investors own 23.28% of the company’s stock.
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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