iRobot Corp. (IRBT) PT Raised to $52.00 at Benchmark Co.
iRobot Corp. (NASDAQ:IRBT) had its target price increased by research analysts at Benchmark Co. from $46.00 to $52.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. Benchmark Co.’s target price would suggest a potential upside of 20.01% from the stock’s previous close.
A number of other research analysts have also issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $46.00 price target (up previously from $42.00) on shares of iRobot Corp. in a research report on Friday, September 16th. Canaccord Genuity restated a “buy” rating and issued a $45.00 price objective on shares of iRobot Corp. in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. iRobot Corp. has a consensus rating of “Hold” and an average price target of $39.88.
Shares of iRobot Corp. (NASDAQ:IRBT) opened at 43.33 on Monday. The stock has a market cap of $1.18 billion, a PE ratio of 31.17 and a beta of 1.59. The company’s 50-day moving average price is $41.69 and its 200-day moving average price is $38.26. iRobot Corp. has a 52-week low of $28.02 and a 52-week high of $45.01.
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iRobot Corp. (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. The company earned $148.70 million during the quarter, compared to analyst estimates of $148.10 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that iRobot Corp. will post $1.32 earnings per share for the current year.
In other news, EVP Glen Daniel Weinstein sold 1,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the sale, the executive vice president now directly owns 70,481 shares of the company’s stock, valued at $2,819,240. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrea Geisser sold 3,243 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $40.19, for a total value of $130,336.17. Following the sale, the director now directly owns 54,226 shares of the company’s stock, valued at $2,179,342.94. The disclosure for this sale can be found here. Insiders own 5.53% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of iRobot Corp. by 27.8% in the second quarter. Dimensional Fund Advisors LP now owns 832,334 shares of the company’s stock valued at $29,198,000 after buying an additional 181,053 shares in the last quarter. Tributary Capital Management LLC acquired a new position in iRobot Corp. during the second quarter valued at $5,704,000. FMR LLC raised its position in iRobot Corp. by 52.7% in the second quarter. FMR LLC now owns 461,747 shares of the company’s stock valued at $16,198,000 after buying an additional 159,327 shares during the last quarter. First Republic Investment Management Inc. raised its position in iRobot Corp. by 97.6% in the first quarter. First Republic Investment Management Inc. now owns 159,957 shares of the company’s stock valued at $5,646,000 after buying an additional 78,997 shares during the last quarter. Finally, SECOR Capital Advisors LP acquired a new position in iRobot Corp. during the second quarter valued at $2,632,000. 77.47% of the stock is owned by institutional investors and hedge funds.
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.
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