Sidoti Upgrades iRobot (IRBT) to Buy

iRobot (NASDAQ:IRBT) was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports.

A number of other research firms have also commented on IRBT. JPMorgan Chase & Co. raised iRobot from an “underweight” rating to a “neutral” rating and set a $61.00 target price for the company in a report on Friday. BidaskClub raised iRobot from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Zacks Investment Research raised iRobot from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Tuesday, October 17th. Citigroup initiated coverage on iRobot in a report on Monday, December 4th. They issued a “neutral” rating and a $74.00 target price for the company. Finally, Piper Jaffray Companies reduced their target price on iRobot to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $68.80.

iRobot (NASDAQ IRBT) traded down $3.74 during mid-day trading on Friday, reaching $56.06. The company had a trading volume of 2,054,938 shares, compared to its average volume of 1,223,987. iRobot has a one year low of $53.42 and a one year high of $109.78. The company has a market cap of $1,660.00, a price-to-earnings ratio of 31.58, a PEG ratio of 1.59 and a beta of 0.94.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.29. iRobot had a return on equity of 12.92% and a net margin of 5.77%. The company had revenue of $327.00 million during the quarter, compared to analyst estimates of $319.02 million. During the same quarter last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 53.9% on a year-over-year basis. research analysts predict that iRobot will post 2.77 EPS for the current year.

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

Hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in shares of iRobot by 0.7% in the 3rd quarter. US Bancorp DE now owns 2,293 shares of the industrial products company’s stock worth $101,000 after buying an additional 16 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of iRobot by 3.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,451 shares of the industrial products company’s stock worth $108,000 after buying an additional 87 shares during the last quarter. Creative Planning boosted its stake in shares of iRobot by 14.0% in the 2nd quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after buying an additional 162 shares during the last quarter. Flinton Capital Management LLC purchased a new position in shares of iRobot in the 4th quarter worth $116,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of iRobot by 10.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,753 shares of the industrial products company’s stock worth $132,000 after buying an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

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iRobot 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.

The Fly

Analyst Recommendations for iRobot (NASDAQ:IRBT)

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