Symbotic (NASDAQ:SYM) Trading Up 3.4% – Here’s Why

Shares of Symbotic Inc. (NASDAQ:SYM) were up 3.4% during mid-day trading on Monday . The company traded as high as $56.05 and last traded at $55.46. Approximately 3,811,044 shares traded hands during trading, an increase of 90% from the average daily volume of 2,002,779 shares. The stock had previously closed at $53.64.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SYM shares. Northland Securities increased their target price on Symbotic from $56.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday. Robert W. Baird raised their price target on shares of Symbotic from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Symbotic in a research note on Wednesday, October 8th. UBS Group reaffirmed a “sell” rating and issued a $35.00 price target (up from $27.00) on shares of Symbotic in a research note on Tuesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Symbotic from $55.00 to $63.00 and gave the company a “hold” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $52.31.

Symbotic Stock Up 13.0%

The company has a fifty day moving average of $65.34 and a two-hundred day moving average of $50.39.

Symbotic (NASDAQ:SYM) last posted its earnings results on Monday, November 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Symbotic had a negative net margin of 0.75% and a negative return on equity of 3.89%. The firm had revenue of $618.46 million during the quarter, compared to analyst estimates of $604.00 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Symbotic has set its Q1 2026 guidance at EPS. Analysts predict that Symbotic Inc. will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder David A. Ladensohn sold 23,000 shares of the company’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $66.75, for a total transaction of $1,535,250.00. Following the completion of the transaction, the insider directly owned 5,000 shares in the company, valued at $333,750. This represents a 82.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Maria G. Freve sold 1,666 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $58.18, for a total transaction of $96,927.88. Following the completion of the sale, the insider directly owned 544 shares of the company’s stock, valued at approximately $31,649.92. This trade represents a 75.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 68,160 shares of company stock valued at $4,761,942 in the last three months. 0.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Symbotic

Several hedge funds and other institutional investors have recently modified their holdings of SYM. MAI Capital Management lifted its holdings in shares of Symbotic by 833.3% during the third quarter. MAI Capital Management now owns 560 shares of the company’s stock valued at $30,000 after acquiring an additional 500 shares during the period. AdvisorNet Financial Inc acquired a new stake in shares of Symbotic during the 2nd quarter worth about $32,000. IAG Wealth Partners LLC bought a new position in Symbotic during the 2nd quarter valued at about $32,000. Ameriflex Group Inc. boosted its position in Symbotic by 1,500.0% in the third quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock valued at $38,000 after buying an additional 660 shares in the last quarter. Finally, Gables Capital Management Inc. bought a new stake in Symbotic during the second quarter worth about $39,000.

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.