Shares of iRobot Corporation (NASDAQ:IRBT) have received an average rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $65.40.
A number of equities research analysts have weighed in on the company. Zacks Investment Research cut iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 31st. Canaccord Genuity boosted their price objective on iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, July 27th. BidaskClub upgraded iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies boosted their price objective on iRobot Corporation to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Finally, SprucePoint Capital reiterated a “sell” rating on shares of iRobot Corporation in a research note on Thursday, September 14th.
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In other news, EVP Glen Daniel Weinstein sold 728 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total value of $72,800.00. Following the transaction, the executive vice president now owns 68,355 shares of the company’s stock, valued at $6,835,500. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald Chwang sold 3,243 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $106.32, for a total value of $344,795.76. Following the completion of the transaction, the director now directly owns 22,630 shares in the company, valued at approximately $2,406,021.60. The disclosure for this sale can be found here. In the last three months, insiders sold 54,862 shares of company stock worth $5,470,693. Corporate insiders own 4.49% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in shares of iRobot Corporation by 16.5% in the second quarter. Legal & General Group Plc now owns 52,487 shares of the industrial products company’s stock valued at $4,419,000 after purchasing an additional 7,418 shares during the period. Baillie Gifford & Co. increased its holdings in shares of iRobot Corporation by 12.9% in the second quarter. Baillie Gifford & Co. now owns 746,771 shares of the industrial products company’s stock valued at $62,834,000 after purchasing an additional 85,124 shares during the period. Stifel Financial Corp acquired a new position in shares of iRobot Corporation in the second quarter valued at approximately $4,470,000. Parametric Portfolio Associates LLC increased its holdings in shares of iRobot Corporation by 17.2% in the second quarter. Parametric Portfolio Associates LLC now owns 59,241 shares of the industrial products company’s stock valued at $4,985,000 after purchasing an additional 8,711 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in shares of iRobot Corporation by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 5,414 shares of the industrial products company’s stock valued at $455,000 after purchasing an additional 2,404 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of iRobot Corporation (NASDAQ:IRBT) traded up 5.20% during trading on Friday, reaching $66.67. 1,954,398 shares of the company traded hands. The stock’s 50 day moving average is $78.48 and its 200 day moving average is $87.89. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 32.70 and a beta of 1.18. iRobot Corporation has a 1-year low of $48.46 and a 1-year high of $109.78.
iRobot Corporation (NASDAQ:IRBT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.16. iRobot Corporation had a return on equity of 12.79% and a net margin of 7.80%. The firm had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $204.52 million. During the same quarter in the previous year, the business earned $0.70 earnings per share. The firm’s revenue was up 21.8% compared to the same quarter last year. On average, analysts forecast that iRobot Corporation will post $1.85 EPS for the current year.
iRobot Corporation Company Profile
iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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