iRobot Corp. Director Unloads $178,450 in Stock (IRBT)
iRobot Corp. (NASDAQ:IRBT) Director Jacques Gansler sold 5,000 shares of iRobot Corp. stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $35.69, for a total value of $178,450.00. Following the completion of the sale, the director now directly owns 12,412 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on IRBT shares. Analysts at Susquehanna initiated coverage on shares of iRobot Corp. (NASDAQ:IRBT) in a research note to investors on Monday. They set a “positive” rating on the stock. Separately, analysts at Zacks upgraded shares of iRobot Corp. (NASDAQ:IRBT) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, July 26th. They now have a $41.60 price target on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of iRobot Corp. (NASDAQ:IRBT) in a research note to investors on Thursday, July 25th. They now have a $39.00 price target on the stock, up previously from $32.00.
One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $34.12.
Shares of iRobot Corp. (NASDAQ:IRBT) traded down 1.33% during mid-day trading on Friday, hitting $36.98. The stock had a trading volume of 434,248 shares. iRobot Corp. has a 1-year low of $16.25 and a 1-year high of $41.12. The stock’s 50-day moving average is $33.84 and its 200-day moving average is $31.45. The company has a market cap of $1.060 billion and a P/E ratio of 41.51.
iRobot Corp. (NASDAQ:IRBT) last released its earnings data on Tuesday, July 23rd. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.11. The company had revenue of $130.40 million for the quarter, compared to the consensus estimate of $128.90 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, analysts predict that iRobot Corp. will post $0.98 earnings per share for the current fiscal year.
iRobot Corporation develops and manufactures robotic solutions to real-world problems. The Company provides robotic technology and supplies developers with an industry standard platform to create robotic applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.