iRobot Corporation (IRBT) Receives Consensus Recommendation of “Hold” from Analysts
iRobot Corporation (NASDAQ:IRBT) has received a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $70.20.
Several equities research analysts recently commented on the stock. BidaskClub downgraded shares of iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Canaccord Genuity upped their price target on shares of iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, July 27th. Piper Jaffray Companies upped their price target on shares of iRobot Corporation to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of iRobot Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price target for the company in a research report on Friday, July 28th. Finally, Dougherty & Co downgraded shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd.
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In other iRobot Corporation news, EVP Russell J. Campanello sold 6,906 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $85.00, for a total value of $587,010.00. Following the transaction, the executive vice president now owns 82,434 shares in the company, valued at approximately $7,006,890. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Colin M. Angle sold 5,886 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $106.20, for a total transaction of $625,093.20. Following the completion of the transaction, the chief executive officer now 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 quarter, insiders sold 106,675 shares of company stock worth $10,315,539. Company insiders own 4.49% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in IRBT. Creative Planning increased its stake in iRobot Corporation by 14.0% in the 2nd 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. PNC Financial Services Group Inc. increased its stake in iRobot Corporation by 16.2% in the 1st 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. Riverhead Capital Management LLC increased its stake in iRobot Corporation by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock valued at $140,000 after buying an additional 665 shares during the period. FNY Partners Fund LP acquired a new position in iRobot Corporation in the 2nd quarter valued at approximately $143,000. Finally, Ameritas Investment Partners Inc. acquired a new position in iRobot Corporation in the 1st quarter valued at approximately $153,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.
Shares of iRobot Corporation (NASDAQ IRBT) traded down 1.66% on Wednesday, hitting $78.29. 499,342 shares of the stock were exchanged. The firm’s 50-day moving average is $88.65 and its 200-day moving average is $86.85. The company has a market cap of $2.17 billion, a P/E ratio of 38.40 and a beta of 1.18. iRobot Corporation has a one year low of $42.06 and a one year high of $109.78.
iRobot Corporation (NASDAQ:IRBT) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.55. The business had revenue of $183.14 million during the quarter, compared to the consensus estimate of $174.65 million. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 EPS. On average, equities analysts forecast that iRobot Corporation will post $1.58 EPS for the current fiscal year.
About iRobot Corporation
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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