Stock analysts at Dougherty & Co initiated coverage on shares of iRobot Corp. (NASDAQ:IRBT) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $65.00 price target on the stock. Dougherty & Co’s price target would suggest a potential upside of 18.10% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of iRobot Corp. from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Thursday, October 27th. Needham & Company LLC raised their target price on shares of iRobot Corp. from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 27th. Benchmark Co. raised their target price on shares of iRobot Corp. from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, October 17th. Canaccord Genuity restated a “buy” rating and issued a $45.00 target price on shares of iRobot Corp. in a report on Wednesday, August 10th. Finally, Sidoti initiated coverage on shares of iRobot Corp. in a report on Monday, November 14th. They issued a “neutral” rating and a $56.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. iRobot Corp. has an average rating of “Hold” and a consensus price target of $49.20.

Analyst Recommendations for iRobot Corp. (NASDAQ:IRBT)

Shares of iRobot Corp. (NASDAQ:IRBT) opened at 55.04 on Thursday. The firm has a 50-day moving average of $47.39 and a 200-day moving average of $40.64. The stock has a market cap of $1.49 billion, a PE ratio of 33.24 and a beta of 1.16. iRobot Corp. has a one year low of $28.02 and a one year high of $55.76.

iRobot Corp. (NASDAQ:IRBT) last released its earnings results on Tuesday, October 25th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.27. The firm earned $168.61 million during the quarter, compared to analyst estimates of $156.96 million. iRobot Corp. had a net margin of 7.27% and a return on equity of 12.40%. The business’s revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business earned $0.42 EPS. On average, equities research analysts expect that iRobot Corp. will post $1.41 earnings per share for the current fiscal year.

In other news, EVP Russell J. Campanello sold 800 shares of iRobot Corp. stock in a transaction that occurred 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 transaction, the executive vice president now owns 68,420 shares of the company’s stock, valued at approximately $2,736,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Russell J. Campanello sold 9,200 shares of iRobot Corp. stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $40.04, for a total transaction of $368,368.00. Following the completion of the transaction, the executive vice president now directly owns 78,420 shares in the company, valued at approximately $3,139,936.80. The disclosure for this sale can be found here. 5.53% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE increased 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 during the last quarter. Victory Capital Management Inc. increased 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 during the last quarter. BlackRock Inc. increased 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 during the last quarter. Teacher Retirement System of Texas increased 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 during the last quarter. Finally, Royal Bank of Canada increased 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 during the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

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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