Roku Inc (NASDAQ:ROKU) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 9,946,474 shares, an increase of 39.2% from the February 15th total of 7,147,395 shares. Based on an average daily trading volume, of 8,376,351 shares, the days-to-cover ratio is currently 1.2 days.
Several analysts have weighed in on ROKU shares. Zacks Investment Research upgraded Roku from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Thursday, January 18th. Vetr upgraded Roku from a “hold” rating to a “buy” rating and set a $48.27 price target on the stock in a research note on Wednesday, January 10th. Finally, BidaskClub upgraded Roku from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Roku presently has a consensus rating of “Hold” and a consensus target price of $40.36.
In other Roku news, major shareholder Globespan Capital Partners V. L sold 1,596,131 shares of the business’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $32.99, for a total transaction of $52,656,361.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Chas Smith sold 120,000 shares of the business’s stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $33.34, for a total value of $4,000,800.00. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROKU. The Manufacturers Life Insurance Company acquired a new position in Roku in the 4th quarter worth about $130,000. MYDA Advisors LLC acquired a new position in Roku in the 4th quarter worth about $207,000. Oppenheimer Asset Management Inc. acquired a new position in Roku in the 3rd quarter worth about $216,000. Raymond James Financial Services Advisors Inc. acquired a new position in Roku in the 4th quarter worth about $247,000. Finally, Kessler Investment Group LLC acquired a new position in Roku in the 4th quarter worth about $254,000. 10.29% of the stock is owned by institutional investors.
Shares of ROKU traded down $0.77 during mid-day trading on Monday, reaching $30.33. The company had a trading volume of 3,252,772 shares, compared to its average volume of 4,799,037. Roku has a 52-week low of $15.75 and a 52-week high of $58.80. The company has a market capitalization of $3,096.60 and a price-to-earnings ratio of -13.54.
Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, February 21st. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.17. The company had revenue of $188.30 million during the quarter, compared to analysts’ expectations of $182.54 million. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. equities research analysts expect that Roku will post -0.47 EPS for the current fiscal year.
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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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