Shares of iRobot Co. (NASDAQ:IRBT) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $70.20.

Several research analysts recently commented on the stock. Zacks Investment Research cut shares of iRobot from a “strong-buy” rating to a “hold” rating in a report on Monday, July 31st. Canaccord Genuity increased their target price on shares of iRobot from $90.00 to $95.00 and gave the stock a “hold” rating in a report on Thursday, July 27th. BidaskClub upgraded shares of iRobot from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Piper Jaffray Companies increased their target price on shares of iRobot to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Dougherty & Co cut shares of iRobot from a “buy” rating to a “neutral” rating in a report on Monday, July 3rd.

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iRobot (IRBT) traded down 1.43% on Friday, hitting $95.17. 458,635 shares of the company were exchanged. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 46.67 and a beta of 1.18. The stock has a 50 day moving average price of $98.44 and a 200 day moving average price of $83.49. iRobot has a one year low of $38.19 and a one year high of $109.78.

iRobot (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.55. iRobot had a net margin of 4.32% and a return on equity of 7.60%. The business had revenue of $183.14 million during the quarter, compared to analysts’ expectations of $174.65 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The firm’s revenue was up 23.2% on a year-over-year basis. On average, equities research analysts forecast that iRobot will post $1.58 EPS for the current fiscal year.

In other iRobot news, EVP Russell J. Campanello sold 6,906 shares of the company’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $85.00, for a total transaction of $587,010.00. Following the sale, the executive vice president now directly owns 82,434 shares of the company’s stock, valued at $7,006,890. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Russell J. Campanello sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $85.00, for a total transaction of $850,000.00. Following the sale, the executive vice president now directly owns 82,434 shares in the company, valued at $7,006,890. The disclosure for this sale can be found here. Insiders have sold 72,138 shares of company stock worth $6,861,839 over the last ninety days. Insiders own 4.49% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning raised its position in shares of iRobot 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 purchasing an additional 162 shares during the period. PNC Financial Services Group Inc. raised its position 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 purchasing an additional 277 shares during the period. Riverhead Capital Management LLC raised its position in shares of iRobot by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 665 shares during the period. FNY Partners Fund LP bought a new position in shares of iRobot in the second quarter valued at about $143,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of iRobot in the first quarter valued at about $153,000. 82.73% of the stock is currently owned by institutional investors.

About iRobot

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.

Analyst Recommendations for iRobot (NASDAQ:IRBT)

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