iRobot Corporation (NASDAQ:IRBT) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday, July 5th.

IRBT has been the topic of several other reports. Zacks Investment Research raised iRobot Corporation from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Friday, April 28th. Canaccord Genuity reaffirmed a “buy” rating and set a $90.00 target price on shares of iRobot Corporation in a research report on Wednesday, April 26th. Needham & Company LLC reissued a “hold” rating on shares of iRobot Corporation in a report on Saturday, April 22nd. Finally, Dougherty & Co downgraded iRobot Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $65.71.

iRobot Corporation (IRBT) traded down 0.74% during midday trading on Wednesday, hitting $83.99. 424,239 shares of the stock traded hands. The company has a 50-day moving average of $95.98 and a 200-day moving average of $71.29. The stock has a market cap of $2.30 billion, a PE ratio of 43.18 and a beta of 1.13. iRobot Corporation has a 12 month low of $35.80 and a 12 month high of $104.61.

iRobot Corporation (NASDAQ:IRBT) last issued its earnings results on Tuesday, April 25th. The industrial products company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.26. iRobot Corporation had a return on equity of 14.03% and a net margin of 7.79%. The firm had revenue of $168.47 million for the quarter, compared to analysts’ expectations of $155.86 million. During the same quarter last year, the firm earned $0.13 earnings per share. The firm’s revenue for the quarter was up 28.8% compared to the same quarter last year. On average, equities research analysts anticipate that iRobot Corporation will post $1.67 earnings per share for the current year.

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In other iRobot Corporation news, Director Andrea Geisser sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $84.78, for a total transaction of $254,340.00. Following the completion of the sale, the director now directly owns 46,266 shares in the company, valued at $3,922,431.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Russell J. Campanello sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $85.00, for a total transaction of $850,000.00. Following the transaction, the executive vice president now directly owns 82,434 shares of the company’s stock, valued at approximately $7,006,890. The disclosure for this sale can be found here. Insiders sold 108,886 shares of company stock worth $10,525,541 in the last ninety days. 5.53% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. boosted its position in shares of iRobot Corporation by 0.8% in the first quarter. OppenheimerFunds Inc. now owns 1,114,526 shares of the industrial products company’s stock worth $73,715,000 after buying an additional 8,824 shares during the last quarter. Primecap Management Co. CA boosted its position in shares of iRobot Corporation by 6.7% in the first quarter. Primecap Management Co. CA now owns 128,000 shares of the industrial products company’s stock worth $8,466,000 after buying an additional 8,000 shares during the last quarter. FMR LLC boosted its position in shares of iRobot Corporation by 8.7% in the fourth quarter. FMR LLC now owns 739,174 shares of the industrial products company’s stock worth $43,205,000 after buying an additional 59,000 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of iRobot Corporation by 333.9% in the first quarter. Wells Fargo & Company MN now owns 202,817 shares of the industrial products company’s stock worth $13,415,000 after buying an additional 156,075 shares during the last quarter. Finally, State Street Corp boosted its position in shares of iRobot Corporation by 6.2% in the fourth quarter. State Street Corp now owns 589,677 shares of the industrial products company’s stock worth $34,463,000 after buying an additional 34,477 shares during the last quarter. 87.83% of the stock is currently owned by institutional investors and hedge funds.

About iRobot Corporation

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

Analyst Recommendations for iRobot Corporation (NASDAQ:IRBT)

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