iRobot Co. (IRBT) Given Average Rating of “Hold” by Analysts
Shares of iRobot Co. (NASDAQ:IRBT) have received an average recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $70.20.
IRBT has been the topic of a number of analyst reports. BidaskClub cut iRobot from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research cut iRobot from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research note on Saturday, April 22nd. Canaccord Genuity reissued a “buy” rating and issued a $90.00 price target on shares of iRobot in a research note on Wednesday, April 26th. Finally, Dougherty & Co cut iRobot from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd.
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In other iRobot news, Director Ronald Chwang sold 3,243 shares of iRobot stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $106.32, for a total transaction of $344,795.76. Following the transaction, the director now owns 22,630 shares of the company’s stock, valued at approximately $2,406,021.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Colin M. Angle sold 5,886 shares of iRobot stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $106.20, for a total value of $625,093.20. Following the transaction, the chief executive officer now directly owns 489,463 shares in the company, valued at approximately $51,980,970.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,721 shares of company stock worth $14,483,004. Company insiders own 4.49% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in shares of iRobot by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 5,414 shares of the industrial products company’s stock valued at $455,000 after buying an additional 2,404 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of iRobot by 0.8% in the first quarter. OppenheimerFunds Inc. now owns 1,114,526 shares of the industrial products company’s stock valued at $73,715,000 after buying an additional 8,824 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of iRobot 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 in the last quarter. Primecap Management Co. CA raised its stake in shares of iRobot by 6.7% in the first quarter. Primecap Management Co. CA now owns 128,000 shares of the industrial products company’s stock valued at $8,466,000 after buying an additional 8,000 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of iRobot during the first quarter valued at about $463,000. Institutional investors and hedge funds own 84.09% of the company’s stock.
Shares of iRobot (NASDAQ:IRBT) traded down 1.50% on Tuesday, hitting $103.28. 386,499 shares of the stock traded hands. The company’s 50 day moving average is $93.71 and its 200 day moving average is $79.37. iRobot has a one year low of $38.19 and a one year high of $109.78. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 50.65 and a beta of 1.18.
iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.55. The firm had revenue of $183.14 million for the quarter, compared to analysts’ expectations of $174.65 million. iRobot had a return on equity of 7.60% and a net margin of 4.32%. iRobot’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. On average, equities analysts forecast that iRobot will post $2.00 EPS for the current year.
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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