JPMorgan Chase & Co. upgraded shares of iRobot (NASDAQ:IRBT) from an underweight rating to a neutral rating in a research note published on Friday morning, MarketBeat Ratings reports. The brokerage currently has $61.00 price objective on the industrial products company’s stock.

A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut iRobot from a buy rating to a hold rating in a research report on Thursday, November 9th. Sidoti raised iRobot from a neutral rating to a buy rating in a research report on Friday, October 27th. Piper Jaffray Companies decreased their target price on iRobot to $69.00 and set a neutral rating for the company in a research report on Wednesday, October 25th. Canaccord Genuity reissued a hold rating and issued a $65.00 target price (down from $95.00) on shares of iRobot in a research report on Thursday, October 26th. Finally, BidaskClub raised iRobot from a buy rating to a strong-buy rating in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $68.80.

iRobot (IRBT) opened at $61.58 on Friday. The stock has a market capitalization of $1,700.00, a PE ratio of 34.60, a PEG ratio of 1.05 and a beta of 0.94. iRobot has a 1 year low of $54.06 and a 1 year high of $109.78.

iRobot (NASDAQ:IRBT) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.29. The firm had revenue of $327.00 million during the quarter, compared to analysts’ expectations of $319.02 million. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The business’s revenue was up 53.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. research analysts predict that iRobot will post 2.77 EPS for the current year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of IRBT. Public Employees Retirement Association of Colorado purchased a new stake in iRobot during the 4th quarter valued at approximately $152,000. Flinton Capital Management LLC raised its stake in iRobot by 60.7% during the 2nd quarter. Flinton Capital Management LLC now owns 2,520 shares of the industrial products company’s stock valued at $212,000 after acquiring an additional 952 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of iRobot during the 4th quarter worth approximately $226,000. M&T Bank Corp purchased a new position in shares of iRobot during the 2nd quarter worth approximately $235,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of iRobot during the 4th quarter worth approximately $236,000. 80.54% of the stock is owned by hedge funds and other institutional investors.

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About iRobot

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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