iRobot (NASDAQ:IRBT) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

IRBT has been the subject of several other reports. Dougherty & Co reissued a “neutral” rating on shares of iRobot in a research report on Thursday, October 26th. Zacks Investment Research raised shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, October 24th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research report on Thursday, October 26th. Sidoti raised shares of iRobot from a “neutral” rating to a “buy” rating in a research report on Friday, October 27th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $65.00 price objective (down from $95.00) on shares of iRobot in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $70.75.

iRobot (IRBT) traded up $2.57 during trading on Thursday, reaching $88.79. 990,884 shares of the company’s stock traded hands, compared to its average volume of 940,490. The stock has a market cap of $2,530.00, a PE ratio of 42.08, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. iRobot has a 12 month low of $52.12 and a 12 month high of $109.78.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.16. The company had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $204.52 million. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 EPS. analysts anticipate that iRobot will post 1.87 EPS for the current year.

In other news, CEO Colin M. Angle sold 45,200 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total value of $3,618,712.00. Following the completion of the sale, the chief executive officer now owns 534,663 shares of the company’s stock, valued at approximately $42,805,119.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew Miller sold 441 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total transaction of $35,328.51. Following the completion of the sale, the director now directly owns 4,670 shares of the company’s stock, valued at approximately $374,113.70. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in IRBT. Riverhead Capital Management LLC lifted its position in shares of iRobot by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 665 shares during the period. Flinton Capital Management LLC lifted its position in shares of iRobot by 60.7% in the 2nd quarter. Flinton Capital Management LLC now owns 2,520 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 952 shares during the period. Victory Capital Management Inc. lifted its position in iRobot by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,621 shares of the industrial products company’s stock valued at $221,000 after acquiring an additional 392 shares during the last quarter. M&T Bank Corp purchased a new stake in iRobot during the second quarter valued at approximately $235,000. Finally, Eaton Vance Management purchased a new stake in iRobot during the second quarter valued at approximately $277,000. 82.17% of the stock is owned by hedge funds and other institutional investors.

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iRobot Company Profile

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 (NASDAQ:IRBT)

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