Symbotic (NASDAQ:SYM) Shares Up 39.4% on Analyst Upgrade

Symbotic Inc. (NASDAQ:SYM) rose 39.4% during mid-day trading on Tuesday after Robert W. Baird raised their price target on the stock from $55.00 to $58.00. Robert W. Baird currently has a neutral rating on the stock. Symbotic traded as high as $78.33 and last traded at $77.29. Approximately 10,148,061 shares changed hands during trading, an increase of 397% from the average daily volume of 2,040,509 shares. The stock had previously closed at $55.46.

SYM has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Symbotic from $55.00 to $63.00 and gave the stock a “hold” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Symbotic in a research report on Wednesday, October 8th. Barclays upped their price objective on Symbotic from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Wednesday. DA Davidson reiterated a “neutral” rating and issued a $47.00 target price on shares of Symbotic in a research report on Tuesday. Finally, UBS Group restated a “sell” rating and set a $35.00 price objective (up from $27.00) on shares of Symbotic in a research note on Tuesday, September 23rd. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $54.13.

Insiders Place Their Bets

In other news, insider William M. Boyd III sold 11,735 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $82.09, for a total value of $963,326.15. Following the completion of the transaction, the insider owned 26,769 shares of the company’s stock, valued at approximately $2,197,467.21. This represents a 30.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder David A. Ladensohn sold 23,000 shares of the firm’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $66.75, for a total value of $1,535,250.00. Following the transaction, the insider directly owned 5,000 shares in the company, valued at $333,750. This trade represents a 82.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 68,160 shares of company stock worth $4,761,942. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Symbotic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYM. MAI Capital Management raised its stake in shares of Symbotic by 833.3% in the 3rd quarter. MAI Capital Management now owns 560 shares of the company’s stock worth $30,000 after buying an additional 500 shares in the last quarter. Ameriflex Group Inc. boosted its holdings in Symbotic by 1,500.0% during the third quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock worth $38,000 after buying an additional 660 shares in the last quarter. Strategic Advocates LLC acquired a new position in Symbotic in the third quarter worth approximately $42,000. IAG Wealth Partners LLC bought a new position in shares of Symbotic in the second quarter valued at $32,000. Finally, AdvisorNet Financial Inc acquired a new stake in shares of Symbotic during the 2nd quarter valued at $32,000.

Symbotic Stock Performance

The firm has a market capitalization of $51.55 billion, a P/E ratio of -582.00, a price-to-earnings-growth ratio of 13.01 and a beta of 2.10. The firm has a 50 day moving average price of $65.34 and a two-hundred day moving average price of $50.39.

Symbotic (NASDAQ:SYM) last released its earnings results on Monday, November 24th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). Symbotic had a negative return on equity of 3.89% and a negative net margin of 0.75%.The firm had revenue of $618.46 million during the quarter, compared to analysts’ expectations of $604.00 million. During the same period last year, the business earned $0.47 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. Symbotic has set its Q1 2026 guidance at EPS. Equities research analysts forecast that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Symbotic Company Profile

Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.