iRobot Corp. EVP Glen Daniel Weinstein Sells 2,000 Shares (IRBT)
iRobot Corp. (NASDAQ:IRBT) EVP Glen Daniel Weinstein sold 2,000 shares of iRobot Corp. stock on the open market in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $34.43, for a total value of $68,860.00. Following the transaction, the executive vice president now directly owns 60,703 shares of the company’s stock, valued at approximately $2,090,004. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of iRobot Corp. (NASDAQ:IRBT) traded up 0.32% on Friday, hitting $34.87. The stock had a trading volume of 570,048 shares. iRobot Corp. has a 1-year low of $19.64 and a 1-year high of $41.12. The stock has a 50-day moving average of $33.09 and a 200-day moving average of $35.1. The company has a market cap of $1.007 billion and a price-to-earnings ratio of 54.23.
iRobot Corp. (NASDAQ:IRBT) last released its earnings data on Wednesday, October 23rd. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.02. The company had revenue of $124.50 million for the quarter, compared to the consensus estimate of $127.35 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts expect that iRobot Corp. will post $0.94 EPS for the current fiscal year.
A number of research firms have recently commented on IRBT. Analysts at Raymond James upgraded shares of iRobot Corp. from an “outperform” rating to a “strong-buy” rating in a research note to investors on Tuesday, December 17th. They now have a $39.00 price target on the stock, up previously from $5.80. Separately, analysts at Sidoti upgraded shares of iRobot Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 16th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of iRobot Corp. from an “underweight” rating to a “neutral” rating in a research note to investors on Thursday, December 12th. They now have a $20.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. iRobot Corp. currently has an average rating of “Buy” and a consensus price target of $33.77.
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.
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