iRobot Corporation (NASDAQ:IRBT) was upgraded by equities research analysts at Sidoti from a “neutral” rating to a “buy” rating in a report issued on Friday, Marketbeat reports.

A number of other research firms also recently issued reports on IRBT. Zacks Investment Research downgraded shares of iRobot Corporation 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 Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, July 27th. BidaskClub upgraded shares of iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies increased their target price on shares of iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, SprucePoint Capital reiterated a “sell” rating on shares of iRobot Corporation in a research report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $64.00.

Shares of iRobot Corporation (NASDAQ:IRBT) traded up 5.20% during mid-day trading on Friday, hitting $66.67. 1,954,398 shares of the company traded hands. iRobot Corporation has a one year low of $48.46 and a one year high of $109.78. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 32.70 and a beta of 1.18. The firm has a 50-day moving average of $78.48 and a 200-day moving average of $87.89.

iRobot Corporation (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. iRobot Corporation had a net margin of 7.80% and a return on equity of 12.79%. The business had revenue of $205.40 million during the quarter, compared to the consensus estimate of $204.52 million. During the same quarter last year, the company posted $0.70 earnings per share. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities analysts predict that iRobot Corporation will post $1.85 earnings per share for the current year.

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In other iRobot Corporation news, EVP Glen Daniel Weinstein sold 728 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total transaction of $72,800.00. Following the completion of the transaction, the executive vice president now owns 68,355 shares in the company, valued at $6,835,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald Chwang sold 10,000 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $92.71, for a total transaction of $927,100.00. Following the transaction, the director now owns 12,630 shares of the company’s stock, valued at approximately $1,170,927.30. The disclosure for this sale can be found here. Insiders have sold 54,862 shares of company stock valued at $5,470,693 in the last quarter. Company insiders own 4.49% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in IRBT. UBS Asset Management Americas Inc. boosted its position in shares of iRobot Corporation by 114.3% in the first quarter. UBS Asset Management Americas Inc. now owns 12,857 shares of the industrial products company’s stock valued at $850,000 after acquiring an additional 6,858 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of iRobot Corporation by 11.6% in the first quarter. Parametric Portfolio Associates LLC now owns 50,530 shares of the industrial products company’s stock valued at $3,342,000 after acquiring an additional 5,233 shares during the period. Teachers Advisors LLC boosted its position in shares of iRobot Corporation by 5.7% in the first quarter. Teachers Advisors LLC now owns 46,735 shares of the industrial products company’s stock valued at $3,091,000 after acquiring an additional 2,502 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of iRobot Corporation by 78.8% in the first quarter. TIAA CREF Investment Management LLC now owns 137,855 shares of the industrial products company’s stock valued at $9,118,000 after acquiring an additional 60,762 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of iRobot Corporation by 0.7% in the first quarter. California Public Employees Retirement System now owns 42,600 shares of the industrial products company’s stock valued at $2,818,000 after acquiring an additional 300 shares during the period. Institutional investors own 81.76% of the company’s stock.

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.

Analyst Recommendations for iRobot Corporation (NASDAQ:IRBT)

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