iRobot Corporation (IRBT) Given Average Rating of “Hold” by Brokerages
Shares of iRobot Corporation (NASDAQ:IRBT) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $67.00.
IRBT has been the topic of a number of research reports. SprucePoint Capital reaffirmed a “sell” rating on shares of iRobot Corporation in a report on Thursday, September 14th. Zacks Investment Research raised iRobot Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, October 17th. BidaskClub lowered iRobot Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Sidoti raised iRobot Corporation from a “neutral” rating to a “buy” rating in a report on Friday, October 27th. Finally, Piper Jaffray Companies reduced their target price on iRobot Corporation to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th.
In other news, EVP Glen Daniel Weinstein sold 728 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total transaction of $72,800.00. Following the sale, the executive vice president now directly owns 68,355 shares of the company’s stock, valued at approximately $6,835,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Alison Dean sold 33,809 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total value of $3,380,900.00. Following the sale, the chief financial officer now directly owns 82,609 shares in the company, valued at $8,260,900. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,537 shares of company stock worth $4,380,800. 4.49% of the stock is currently owned by insiders.
Shares of iRobot Corporation (NASDAQ IRBT) traded down $4.57 during midday trading on Thursday, reaching $68.50. The company’s stock had a trading volume of 2,120,700 shares, compared to its average volume of 871,798. iRobot Corporation has a 52-week low of $52.12 and a 52-week high of $109.78. The firm has a market cap of $2,036.79, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00.
iRobot Corporation (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.16. iRobot Corporation had a return on equity of 12.79% and a net margin of 7.80%. The firm had revenue of $205.40 million for the quarter, compared to analyst estimates of $204.52 million. During the same period in the prior year, the firm posted $0.70 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. sell-side analysts forecast that iRobot Corporation will post 1.85 earnings per share 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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