iRobot (NASDAQ:IRBT) had its target price raised by equities researchers at Citigroup from $60.00 to $85.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Citigroup‘s price target points to a potential upside of 1.31% from the company’s previous close.
Several other equities research analysts have also commented on IRBT. Dougherty & Co raised iRobot from a “neutral” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Monday, May 18th. BidaskClub raised iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Bank of America lowered iRobot from a “neutral” rating to an “underperform” rating and set a $77.00 price target on the stock. in a research note on Friday, June 26th. JPMorgan Chase & Co. raised iRobot from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $45.00 to $65.00 in a research note on Tuesday, May 26th. Finally, Zacks Investment Research raised iRobot from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Monday, May 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $74.90.
NASDAQ IRBT opened at $83.90 on Wednesday. The company has a current ratio of 3.54, a quick ratio of 2.47 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $75.76 and its two-hundred day moving average is $56.10. iRobot has a 12-month low of $32.79 and a 12-month high of $96.10. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 54.13, a PEG ratio of 10.96 and a beta of 1.72.
iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, April 28th. The industrial products company reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.09). iRobot had a return on equity of 7.23% and a net margin of 3.82%. The business had revenue of $192.50 million for the quarter, compared to analyst estimates of $181.51 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue for the quarter was down 19.0% on a year-over-year basis. Equities analysts forecast that iRobot will post 0.51 earnings per share for the current fiscal year.
In other iRobot news, EVP Timothy Saeger sold 8,155 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $81.19, for a total transaction of $662,104.45. Following the transaction, the executive vice president now owns 31,460 shares of the company’s stock, valued at approximately $2,554,237.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Glen Daniel Weinstein sold 1,253 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.00, for a total value of $75,180.00. Following the transaction, the executive vice president now directly owns 63,746 shares in the company, valued at approximately $3,824,760. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,814 shares of company stock worth $1,430,261. Corporate insiders own 2.91% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC increased its holdings in shares of iRobot by 1,269.0% during the 4th quarter. Quadrant Capital Group LLC now owns 575 shares of the industrial products company’s stock worth $28,000 after buying an additional 533 shares during the last quarter. Pinz Capital Management LP acquired a new stake in shares of iRobot during the 1st quarter worth $49,000. Mutual of America Capital Management LLC increased its holdings in shares of iRobot by 21.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 1,235 shares of the industrial products company’s stock worth $51,000 after buying an additional 219 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of iRobot during the 1st quarter worth $56,000. Finally, Verus Capital Partners LLC acquired a new stake in shares of iRobot during the 4th quarter worth $62,000.
iRobot Company Profile
iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.
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