iRobot Corp. (IRBT) PT Raised to $52.00 at Benchmark Co.
iRobot Corp. (NASDAQ:IRBT) had its target price raised by investment analysts at Benchmark Co. from $46.00 to $52.00 in a report issued on Monday. The brokerage presently has a “buy” rating on the stock. Benchmark Co.’s price objective would suggest a potential upside of 20.01% from the company’s previous close.
Other analysts have also issued reports about the company. Canaccord Genuity reissued a “buy” rating and set a $45.00 price objective on shares of iRobot Corp. in a report on Wednesday, August 10th. Needham & Company LLC restated a “buy” rating and issued a $46.00 target price (up previously from $42.00) on shares of iRobot Corp. in a research note on Friday, September 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $39.88.
iRobot Corp. (NASDAQ:IRBT) opened at 43.33 on Monday. iRobot Corp. has a 52 week low of $28.02 and a 52 week high of $45.01. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 31.17 and a beta of 1.59. The stock’s 50 day moving average price is $41.69 and its 200-day moving average price is $38.26.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/irobot-corp-irbt-pt-raised-to-52-00-at-benchmark-co-2.html
iRobot Corp. (NASDAQ:IRBT) last issued its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. The business earned $148.70 million during the quarter, compared to analyst estimates of $148.10 million. During the same period in the previous year, the company posted $0.24 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that iRobot Corp. will post $1.32 earnings per share for the current fiscal year.
In other iRobot Corp. news, EVP Russell J. Campanello sold 800 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $40.00, for a total transaction of $32,000.00. Following the completion of the sale, the executive vice president now directly owns 68,420 shares in the company, valued at $2,736,800. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Alison Dean sold 11,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $43.42, for a total transaction of $477,620.00. Following the sale, the chief financial officer now owns 84,045 shares of the company’s stock, valued at $3,649,233.90. The disclosure for this sale can be found here. 5.53% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in iRobot Corp. by 49.2% in the second quarter. BlackRock Inc. now owns 3,168 shares of the company’s stock valued at $112,000 after buying an additional 1,045 shares during the last quarter. Teacher Retirement System of Texas raised its stake in iRobot Corp. by 10.7% in the second quarter. Teacher Retirement System of Texas now owns 3,753 shares of the company’s stock worth $132,000 after buying an additional 364 shares in the last quarter. Royal Bank of Canada raised its stake in iRobot Corp. by 116.6% in the second quarter. Royal Bank of Canada now owns 5,084 shares of the company’s stock worth $178,000 after buying an additional 2,737 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in iRobot Corp. during the second quarter worth $188,000. Finally, Profund Advisors LLC raised its stake in iRobot Corp. by 2.3% in the second quarter. Profund Advisors LLC now owns 6,703 shares of the company’s stock worth $235,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.
iRobot Corp. Company Profile
iRobot Corporation is engaged in designing and building robots. The Company’s portfolio of solutions focus on technologies for the connected home and concepts in navigation, mobility, mapping and artificial intelligence. The Company operates through consumer robots segment. It designs robots for the consumer, telemedicine and mobile video collaboration markets.
Receive News & Ratings for iRobot Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot Corp. and related companies with MarketBeat.com's FREE daily email newsletter.