Stock analysts at Citigroup assumed coverage on shares of iRobot (NASDAQ:IRBT) in a research report issued on Monday, The Fly reports. The brokerage set a “neutral” rating on the industrial products company’s stock.

A number of other analysts also recently weighed in on IRBT. BidaskClub downgraded shares of iRobot from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. SprucePoint Capital reiterated a “sell” rating on shares of iRobot in a research report on Thursday, September 14th. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, October 17th. Piper Jaffray Companies lowered their price objective on shares of iRobot to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $65.00 price objective (down from $95.00) on shares of iRobot in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $69.67.

Shares of iRobot (IRBT) opened at $65.99 on Monday. iRobot has a twelve month low of $52.12 and a twelve month high of $109.78. The firm has a market cap of $1,839.44, a P/E ratio of 35.10, a PEG ratio of 1.78 and a beta of 0.99.

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

In related news, EVP Glen Daniel Weinstein sold 728 shares of the company’s stock in a transaction that occurred on 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 directly owns 68,355 shares in the company, valued at approximately $6,835,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Alison Dean sold 33,809 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total transaction of $3,380,900.00. Following the transaction, the chief financial officer now owns 82,609 shares of the company’s stock, valued at $8,260,900. The disclosure for this sale can be found here. 4.49% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in iRobot by 13.6% in the 2nd quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock valued at $315,648,000 after acquiring an additional 448,157 shares during the period. Vanguard Group Inc. increased its position in iRobot by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock valued at $272,776,000 after acquiring an additional 277,161 shares during the period. State Street Corp increased its position in iRobot by 46.1% in the 2nd quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock valued at $78,353,000 after acquiring an additional 293,988 shares during the period. Baillie Gifford & Co. increased its position in iRobot by 12.9% in the 2nd quarter. Baillie Gifford & Co. now owns 746,771 shares of the industrial products company’s stock valued at $62,834,000 after acquiring an additional 85,124 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in iRobot by 7.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 546,907 shares of the industrial products company’s stock valued at $46,017,000 after acquiring an additional 37,810 shares during the period. Hedge funds and other institutional investors own 82.25% of the company’s stock.

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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.

The Fly

Analyst Recommendations for iRobot (NASDAQ:IRBT)

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