Share on StockTwits

iRobot (NASDAQ:IRBT) EVP Glen Daniel Weinstein unloaded 1,500 shares of the company’s stock on the open market in a transaction dated Friday, August 1st. The shares were sold at an average price of $32.53, for a total transaction of $48,795.00. Following the transaction, the executive vice president now directly owns 59,727 shares in the company, valued at approximately $1,942,919. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of iRobot (NASDAQ:IRBT) traded up 1.98% during mid-day trading on Monday, hitting $32.96. 359,467 shares of the company’s stock traded hands. iRobot has a 1-year low of $28.90 and a 1-year high of $48.36. The stock’s 50-day moving average is $37.34 and its 200-day moving average is $37.95. The company has a market cap of $973.4 million and a price-to-earnings ratio of 38.80.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.06. The company had revenue of $139.80 million for the quarter, compared to the consensus estimate of $142.51 million. During the same quarter last year, the company posted $0.28 earnings per share. iRobot’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that iRobot will post $1.15 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of iRobot in a research note on Thursday, July 17th. They now have a $36.50 price target on the stock, up previously from $33.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of iRobot in a research note on Wednesday, June 25th. They now have a $40.00 price target on the stock. Finally, analysts at Spruce Point Management initiated coverage on shares of iRobot in a research note on Tuesday, May 20th. They set a “strong sell” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $42.42.

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.