Symbotic (NASDAQ:SYM) Shares Up 39.4% After Analyst Upgrade

Symbotic Inc. (NASDAQ:SYM) was up 39.4% during trading on Tuesday after Northland Securities raised their price target on the stock from $56.00 to $70.00. Northland Securities currently has an outperform rating on the stock. Symbotic traded as high as $78.33 and last traded at $77.29. Approximately 10,148,061 shares traded hands during trading, an increase of 397% from the average daily volume of 2,040,509 shares. The stock had previously closed at $55.46.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC increased their price objective on shares of Symbotic from $57.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on Symbotic from $55.00 to $63.00 and gave the stock a “hold” rating in a report on Tuesday. Wall Street Zen downgraded Symbotic from a “hold” rating to a “sell” rating in a report on Saturday. Baird R W lowered Symbotic from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $83.00 price objective on shares of Symbotic in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.82.

Insiders Place Their Bets

In related news, insider Maria G. Freve sold 1,666 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $58.18, for a total value of $96,927.88. Following the completion of the transaction, the insider directly owned 544 shares of the company’s stock, valued at $31,649.92. This trade represents a 75.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William M. Boyd III sold 11,735 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $82.09, for a total transaction of $963,326.15. Following the sale, the insider directly owned 26,769 shares in the company, valued at approximately $2,197,467.21. This represents a 30.48% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 68,160 shares of company stock worth $4,761,942. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Symbotic

Several hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in Symbotic during the 3rd quarter worth about $34,296,000. Amanah Holdings Trust acquired a new position in shares of Symbotic in the second quarter valued at about $19,824,000. Franklin Resources Inc. raised its stake in shares of Symbotic by 3,188.8% in the third quarter. Franklin Resources Inc. now owns 274,155 shares of the company’s stock worth $14,777,000 after purchasing an additional 265,819 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Symbotic during the first quarter worth about $4,968,000. Finally, Handelsbanken Fonder AB boosted its position in Symbotic by 626.4% in the third quarter. Handelsbanken Fonder AB now owns 274,178 shares of the company’s stock valued at $14,778,000 after buying an additional 236,435 shares during the last quarter.

Symbotic Stock Performance

The company has a market cap of $45.64 billion, a price-to-earnings ratio of -1,103.99, a P/E/G ratio of 9.03 and a beta of 2.10. The company’s fifty day moving average is $64.06 and its two-hundred day moving average is $49.76.

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

Symbotic Company Profile

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.