iRobot Co. (NASDAQ:IRBT) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $69.33.

A number of equities research analysts recently commented on the stock. BidaskClub cut shares of iRobot from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research note on Thursday, October 26th. Zacks Investment Research raised shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, October 17th. Dougherty & Co reissued a “neutral” rating on shares of iRobot in a research note on Thursday, October 26th. Finally, Citigroup assumed coverage on shares of iRobot in a research note on Monday, December 4th. They issued a “neutral” rating and a $74.00 price objective on the stock.

iRobot (IRBT) traded up $4.40 during trading hours on Friday, hitting $87.19. 1,127,190 shares of the stock were exchanged, compared to its average volume of 765,456. iRobot has a fifty-two week low of $52.12 and a fifty-two week high of $109.78. The firm has a market cap of $2,410.00, a PE ratio of 41.32, a PEG ratio of 1.50 and a beta of 0.99.

iRobot (NASDAQ:IRBT) last posted 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 business had revenue of $205.40 million for the quarter, compared to analysts’ expectations of $204.52 million. During the same period in the prior year, the company posted $0.70 EPS. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. sell-side analysts forecast that iRobot will post 1.85 earnings per share for the current fiscal year.

In other iRobot news, Director Andrew Miller sold 441 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total value of $35,328.51. Following the transaction, the director now directly owns 4,670 shares in the company, valued at approximately $374,113.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Colin M. Angle sold 45,200 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total transaction of $3,618,712.00. Following the completion of the transaction, the chief executive officer now owns 534,663 shares in the company, valued at $42,805,119.78. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Amalgamated Bank lifted its holdings in iRobot by 4.0% in the 2nd quarter. Amalgamated Bank now owns 3,693 shares of the industrial products company’s stock valued at $311,000 after purchasing an additional 141 shares in the last quarter. Profund Advisors LLC lifted its holdings in iRobot by 3.5% in the 2nd quarter. Profund Advisors LLC now owns 4,926 shares of the industrial products company’s stock valued at $414,000 after purchasing an additional 166 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in iRobot by 4.0% in the 2nd quarter. Suntrust Banks Inc. now owns 4,594 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 175 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in iRobot by 1.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 21,380 shares of the industrial products company’s stock valued at $1,799,000 after purchasing an additional 261 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in iRobot by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,621 shares of the industrial products company’s stock valued at $221,000 after purchasing an additional 392 shares in the last quarter. Institutional investors own 82.16% 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.

Analyst Recommendations for iRobot (NASDAQ:IRBT)

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