iRobot Corporation (IRBT) Given Consensus Rating of “Hold” by Brokerages
iRobot Corporation (NASDAQ:IRBT) has received a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $63.50.
A number of equities research analysts have recently issued reports on IRBT shares. BidaskClub lowered shares of iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of iRobot Corporation from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Friday, April 28th. Canaccord Genuity reiterated a “buy” rating and set a $90.00 price objective on shares of iRobot Corporation in a research note on Wednesday, April 26th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot Corporation in a research note on Saturday, April 22nd. Finally, Dougherty & Co lowered shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd.
In other iRobot Corporation news, Director Ronald Chwang sold 3,397 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $84.17, for a total value of $285,925.49. Following the completion of the transaction, the director now owns 24,519 shares in the company, valued at approximately $2,063,764.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Christian Cerda sold 75,121 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $100.06, for a total transaction of $7,516,607.26. Following the completion of the transaction, the chief operating officer now owns 98,300 shares of the company’s stock, valued at approximately $9,835,898. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,886 shares of company stock valued at $10,525,541. 5.53% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of IRBT. Creative Planning boosted its position in iRobot Corporation by 14.0% in the second quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock valued at $111,000 after buying an additional 162 shares during the period. NEXT Financial Group Inc boosted its position in iRobot Corporation by 14.0% in the first quarter. NEXT Financial Group Inc now owns 1,780 shares of the industrial products company’s stock valued at $142,000 after buying an additional 219 shares during the period. PNC Financial Services Group Inc. boosted its position in iRobot Corporation by 16.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock valued at $132,000 after buying an additional 277 shares during the period. Ameritas Investment Partners Inc. bought a new position in iRobot Corporation during the first quarter valued at about $153,000. Finally, LS Investment Advisors LLC boosted its position in iRobot Corporation by 151.1% in the first quarter. LS Investment Advisors LLC now owns 2,601 shares of the industrial products company’s stock valued at $172,000 after buying an additional 1,565 shares during the period. Hedge funds and other institutional investors own 87.37% of the company’s stock.
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iRobot Corporation (IRBT) traded up 4.08% during mid-day trading on Friday, hitting $88.47. The stock had a trading volume of 919,621 shares. The stock has a market cap of $2.43 billion, a P/E ratio of 45.49 and a beta of 1.13. iRobot Corporation has a one year low of $36.17 and a one year high of $104.61. The company has a 50 day moving average price of $92.11 and a 200 day moving average price of $73.86.
iRobot Corporation (NASDAQ:IRBT) last issued its earnings results on Tuesday, April 25th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.26. The business had revenue of $168.47 million for the quarter, compared to analyst estimates of $155.86 million. iRobot Corporation had a net margin of 7.79% and a return on equity of 14.03%. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 EPS. On average, equities analysts anticipate that iRobot Corporation will post $1.67 EPS for the current year.
iRobot Corporation Company Profile
iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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