iRobot Corporation (IRBT) Given Average Rating of “Hold” by Brokerages
Shares of iRobot Corporation (NASDAQ:IRBT) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $67.00.
IRBT has been the topic of a number of research reports. SprucePoint Capital reaffirmed a “sell” rating on shares of iRobot Corporation in a report on Thursday, September 14th. Zacks Investment Research raised iRobot Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, October 17th. BidaskClub lowered iRobot Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Sidoti raised iRobot Corporation from a “neutral” rating to a “buy” rating in a report on Friday, October 27th. Finally, Piper Jaffray Companies reduced their target price on iRobot Corporation to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th.
In other news, EVP Glen Daniel Weinstein sold 728 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total transaction of $72,800.00. Following the sale, the executive vice president now directly owns 68,355 shares of the company’s stock, valued at approximately $6,835,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Alison Dean sold 33,809 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total value of $3,380,900.00. Following the sale, the chief financial officer now directly owns 82,609 shares in the company, valued at $8,260,900. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,537 shares of company stock worth $4,380,800. 4.49% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of iRobot Corporation by 13.6% during the 2nd quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock worth $315,648,000 after buying an additional 448,157 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of iRobot Corporation by 9.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock worth $272,776,000 after buying an additional 277,161 shares during the last quarter. State Street Corp lifted its position in shares of iRobot Corporation by 46.1% during the 2nd quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock worth $78,353,000 after buying an additional 293,988 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of iRobot Corporation by 12.9% during the 2nd quarter. Baillie Gifford & Co. now owns 746,771 shares of the industrial products company’s stock worth $62,834,000 after buying an additional 85,124 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of iRobot Corporation by 7.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 546,907 shares of the industrial products company’s stock worth $46,017,000 after buying an additional 37,810 shares during the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.
Shares of iRobot Corporation (NASDAQ IRBT) traded down $4.57 during midday trading on Thursday, reaching $68.50. The company’s stock had a trading volume of 2,120,700 shares, compared to its average volume of 871,798. iRobot Corporation has a 52-week low of $52.12 and a 52-week high of $109.78. The firm has a market cap of $2,036.79, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00.
iRobot Corporation (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.16. iRobot Corporation had a return on equity of 12.79% and a net margin of 7.80%. The firm had revenue of $205.40 million for the quarter, compared to analyst estimates of $204.52 million. During the same period in the prior year, the firm posted $0.70 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. sell-side analysts forecast that iRobot Corporation will post 1.85 earnings per share for the current fiscal year.
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.
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