Symbotic (NASDAQ:SYM) Stock Rating Lowered by Northcoast Research

Symbotic (NASDAQ:SYM) was downgraded by research analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday.

SYM has been the topic of several other research reports. Baird R W cut shares of Symbotic from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 7th. Cantor Fitzgerald lifted their target price on Symbotic from $60.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday. Wall Street Zen lowered Symbotic from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup reiterated a “buy” rating on shares of Symbotic in a report on Tuesday. Finally, DA Davidson restated a “neutral” rating and set a $47.00 price objective (up previously from $35.00) on shares of Symbotic in a report on Monday, August 25th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $49.41.

Symbotic Stock Up 36.3%

Shares of NASDAQ SYM traded up $20.15 on Tuesday, reaching $75.61. 7,987,645 shares of the company’s stock traded hands, compared to its average volume of 2,030,257. The company has a market cap of $44.65 billion, a price-to-earnings ratio of -1,079.97, a price-to-earnings-growth ratio of 9.03 and a beta of 2.10. The business’s 50 day simple moving average is $64.06 and its two-hundred day simple moving average is $49.76. Symbotic has a 12 month low of $16.32 and a 12 month high of $84.00.

Symbotic (NASDAQ:SYM) last issued its earnings results 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 for 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 business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 earnings per share. Symbotic has set its Q1 2026 guidance at EPS. Analysts forecast that Symbotic will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Symbotic

In other news, insider William M. Boyd III sold 11,735 shares of the business’s stock in a transaction dated 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 owned 26,769 shares in the company, valued at approximately $2,197,467.21. The trade was a 30.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Todd Krasnow sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $76.75, for a total value of $307,000.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 68,160 shares of company stock valued at $4,761,942. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Symbotic

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Symbotic by 2.1% in the third quarter. Vanguard Group Inc. now owns 4,695,021 shares of the company’s stock worth $253,062,000 after buying an additional 98,384 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Symbotic by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,343,902 shares of the company’s stock worth $27,155,000 after acquiring an additional 187,538 shares during the last quarter. UBS Group AG increased its holdings in Symbotic by 22.3% in the 3rd quarter. UBS Group AG now owns 1,105,770 shares of the company’s stock valued at $59,601,000 after purchasing an additional 201,547 shares during the last quarter. Raymond James Financial Inc. raised its position in Symbotic by 12.1% in the first quarter. Raymond James Financial Inc. now owns 980,922 shares of the company’s stock valued at $19,824,000 after purchasing an additional 105,616 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Symbotic in the third quarter valued at approximately $34,296,000.

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.