iRobot Corp. (NASDAQ:IRBT) has been given a $44.00 price target by analysts at JPMorgan Chase & Co. in a report issued on Friday. The firm presently has a a “sell” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 15.42% from the company’s previous close.

IRBT has been the subject of a number of other reports. Needham & Company LLC boosted their price objective on shares of iRobot Corp. from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 27th. Zacks Investment Research upgraded shares of iRobot Corp. from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, October 27th. Canaccord Genuity restated a “buy” rating and issued a $45.00 price objective on shares of iRobot Corp. in a research note on Wednesday, August 10th. Finally, Benchmark Co. boosted their price objective on shares of iRobot Corp. from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, October 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $47.44.

Analyst Recommendations for iRobot Corp. (NASDAQ:IRBT)

iRobot Corp. (NASDAQ:IRBT) opened at 52.02 on Friday. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 31.41 and a beta of 1.16. The firm’s 50-day moving average is $46.44 and its 200 day moving average is $40.32. iRobot Corp. has a one year low of $28.02 and a one year high of $54.02.

iRobot Corp. (NASDAQ:IRBT) last posted its earnings results on Tuesday, October 25th. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.27. The company earned $168.61 million during the quarter, compared to the consensus estimate of $156.96 million. iRobot Corp. had a net margin of 7.27% and a return on equity of 12.40%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. Analysts forecast that iRobot Corp. will post $1.40 EPS for the current fiscal year.

In other news, EVP Russell J. Campanello sold 800 shares of the stock in a transaction on Friday, September 9th. The shares were sold at an average price of $40.00, for a total value of $32,000.00. Following the completion of the transaction, the executive vice president now owns 68,420 shares in the company, valued at approximately $2,736,800. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Glen Daniel Weinstein sold 2,018 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $49.99, for a total transaction of $100,879.82. Following the completion of the transaction, the executive vice president now owns 67,607 shares of the company’s stock, valued at approximately $3,379,673.93. The disclosure for this sale can be found here. Corporate insiders own 5.53% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE boosted its position in shares of iRobot Corp. by 0.7% in the third quarter. US Bancorp DE now owns 2,293 shares of the company’s stock worth $101,000 after buying an additional 16 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of iRobot Corp. by 3.7% in the third quarter. Victory Capital Management Inc. now owns 2,451 shares of the company’s stock worth $108,000 after buying an additional 87 shares in the last quarter. BlackRock Inc. boosted its position in shares of iRobot Corp. by 49.2% in the second quarter. BlackRock Inc. now owns 3,168 shares of the company’s stock worth $112,000 after buying an additional 1,045 shares in the last quarter. Teacher Retirement System of Texas boosted its position 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 worth $132,000 after buying an additional 364 shares in the last quarter. Finally, Royal Bank of Canada boosted its position 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 worth $178,000 after buying an additional 2,737 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

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

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