iRobot Corp. (NASDAQ:IRBT) had its price target boosted by analysts at Benchmark Co. from $46.00 to $52.00 in a research note issued on Monday. The firm currently has a “buy” rating on the stock. Benchmark Co.’s price target would suggest a potential upside of 20.01% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $46.00 price target (up previously from $42.00) on shares of iRobot Corp. in a research report on Friday, September 16th. Canaccord Genuity reissued a “buy” rating and set a $45.00 price target on shares of iRobot Corp. in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.88.

Analyst Recommendations for iRobot Corp. (NASDAQ:IRBT)

iRobot Corp. (NASDAQ:IRBT) opened at 43.33 on Monday. iRobot Corp. has a 52-week low of $28.02 and a 52-week high of $45.01. The stock has a market cap of $1.18 billion, a PE ratio of 31.17 and a beta of 1.59. The firm has a 50 day moving average of $41.69 and a 200-day moving average of $38.26.

iRobot Corp. (NASDAQ:IRBT) last released its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The company earned $148.70 million during the quarter, compared to analysts’ expectations of $148.10 million. iRobot Corp. had a net margin of 6.49% and a return on equity of 10.39%. iRobot Corp.’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. Equities analysts anticipate that iRobot Corp. will post $1.32 earnings per share for the current fiscal year.

In other iRobot Corp. news, Director Ronald Chwang sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $40.11, for a total value of $401,100.00. Following the transaction, the director now directly owns 27,916 shares in the company, valued at $1,119,710.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alison Dean sold 11,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $43.42, for a total transaction of $477,620.00. Following the completion of the transaction, the chief financial officer now owns 84,045 shares in the company, valued at $3,649,233.90. The disclosure for this sale can be found here. Corporate insiders own 5.53% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of iRobot Corp. by 49.2% in the second quarter. BlackRock Inc. now owns 3,168 shares of the company’s stock valued at $112,000 after buying an additional 1,045 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of iRobot Corp. by 10.7% in the second quarter. Teacher Retirement System of Texas now owns 3,753 shares of the company’s stock valued at $132,000 after buying an additional 364 shares in the last quarter. Royal Bank of Canada increased its stake in shares of iRobot Corp. by 116.6% in the second quarter. Royal Bank of Canada now owns 5,084 shares of the company’s stock valued at $178,000 after buying an additional 2,737 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of iRobot Corp. during the second quarter valued at $188,000. Finally, Profund Advisors LLC increased its stake in shares of iRobot Corp. by 2.3% in the second quarter. Profund Advisors LLC now owns 6,703 shares of the company’s stock valued at $235,000 after buying an additional 153 shares in the last quarter. 77.47% of the stock is owned by institutional investors and hedge funds.

About iRobot Corp.

iRobot Corporation is engaged in designing and building robots. The Company’s portfolio of solutions focus on technologies for the connected home and concepts in navigation, mobility, mapping and artificial intelligence. The Company operates through consumer robots segment. It designs robots for the consumer, telemedicine and mobile video collaboration markets.

5 Day Chart for NASDAQ:IRBT

Receive News & Stock Ratings for iRobot Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot Corp. and related stocks with our FREE daily email newsletter.