Symbotic (NASDAQ:SYM) Price Target Raised to $70.00 at Needham & Company LLC

Symbotic (NASDAQ:SYM) had its target price boosted by investment analysts at Needham & Company LLC from $57.00 to $70.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 26.22% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. UBS Group reissued a “sell” rating and issued a $35.00 price target (up previously from $27.00) on shares of Symbotic in a research report on Tuesday, September 23rd. DA Davidson reissued a “neutral” rating and set a $47.00 target price (up from $35.00) on shares of Symbotic in a research report on Monday, August 25th. Baird R W lowered shares of Symbotic from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Symbotic in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Symbotic from a “hold” rating to a “sell” rating in a report on Saturday. Seven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Symbotic has a consensus rating of “Hold” and a consensus price target of $45.18.

Symbotic Stock Up 3.4%

Symbotic stock opened at $55.46 on Tuesday. The company has a market capitalization of $32.75 billion, a PE ratio of -792.17, a PEG ratio of 9.03 and a beta of 2.10. Symbotic has a 12-month low of $16.32 and a 12-month high of $84.00. The firm’s fifty day moving average is $64.06 and its 200 day moving average is $49.76.

Symbotic (NASDAQ:SYM) last posted its quarterly earnings results on Monday, November 24th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The company had revenue of $618.46 million during the quarter, compared to the consensus estimate of $604.00 million. Symbotic had a negative net margin of 0.38% and a negative return on equity of 2.02%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. Symbotic has set its Q1 2026 guidance at EPS. Sell-side analysts expect that Symbotic will post 0.13 EPS for the current fiscal year.

Insider Transactions at Symbotic

In other Symbotic news, insider William M. Boyd III sold 11,735 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $82.09, for a total transaction of $963,326.15. Following the completion of the transaction, the insider owned 26,769 shares in the company, valued at $2,197,467.21. This trade represents a 30.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Ladensohn sold 13,500 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $74.44, for a total transaction of $1,004,940.00. Following the sale, the insider owned 2,000 shares in the company, valued at $148,880. The trade was a 87.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 68,160 shares of company stock worth $4,761,942. Insiders own 0.60% of the company’s stock.

Institutional Trading of Symbotic

A number of hedge funds and other institutional investors have recently bought and sold shares of SYM. Amanah Holdings Trust bought a new position in Symbotic in the 2nd quarter worth about $19,824,000. ARK Investment Management LLC increased its position in shares of Symbotic by 13.3% in the second quarter. ARK Investment Management LLC now owns 445,498 shares of the company’s stock worth $17,308,000 after purchasing an additional 52,205 shares during the last quarter. Amundi raised its stake in Symbotic by 53.0% in the first quarter. Amundi now owns 72,192 shares of the company’s stock valued at $1,459,000 after purchasing an additional 24,993 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Symbotic by 35.7% during the first quarter. Bank of New York Mellon Corp now owns 60,554 shares of the company’s stock valued at $1,224,000 after purchasing an additional 15,947 shares during the last quarter. Finally, Hunter Associates Investment Management LLC purchased a new position in Symbotic in the 2nd quarter worth approximately $361,000.

About Symbotic

Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.