Symbotic (NASDAQ:SYM) Raised to “Hold” at Zacks Research

Symbotic (NASDAQ:SYM) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research firms have also recently weighed in on SYM. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 price target on shares of Symbotic in a report on Thursday. Weiss Ratings downgraded Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. DA Davidson restated a “buy” rating and set a $70.00 price target on shares of Symbotic in a research report on Monday, May 11th. The Goldman Sachs Group cut their target price on shares of Symbotic from $54.00 to $45.00 and set a “sell” rating on the stock in a research note on Tuesday, May 26th. Finally, Robert W. Baird set a $51.00 price objective on shares of Symbotic in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Symbotic currently has an average rating of “Hold” and a consensus price target of $65.92.

Symbotic Stock Down 14.9%

NASDAQ:SYM opened at $39.60 on Wednesday. The stock has a market capitalization of $23.87 billion, a price-to-earnings ratio of 440.00, a PEG ratio of 6.86 and a beta of 1.94. Symbotic has a 52 week low of $38.19 and a 52 week high of $87.88. The firm has a 50 day moving average of $42.83 and a 200 day moving average of $50.71.

Symbotic (NASDAQ:SYM) last released its earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $720.84 million for the quarter, compared to analysts’ expectations of $715.03 million. Symbotic had a return on equity of 1.53% and a net margin of 0.48%.The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. As a group, analysts expect that Symbotic will post 0.23 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Izilda P. Martins sold 27,463 shares of Symbotic stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $40.80, for a total value of $1,120,490.40. Following the completion of the transaction, the chief financial officer directly owned 35,171 shares in the company, valued at approximately $1,434,976.80. This trade represents a 43.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Brian Daniel Alexander sold 9,130 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $40.30, for a total value of $367,939.00. Following the transaction, the senior vice president directly owned 55,611 shares of the company’s stock, valued at $2,241,123.30. This trade represents a 14.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 143,433 shares of company stock worth $6,627,326. 8.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SYM. Parkside Financial Bank & Trust grew its holdings in Symbotic by 100.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 536 shares of the company’s stock worth $32,000 after acquiring an additional 268 shares during the period. Quarry LP bought a new stake in Symbotic in the fourth quarter worth about $36,000. Parallel Advisors LLC lifted its holdings in Symbotic by 67.3% in the 4th quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock valued at $37,000 after acquiring an additional 249 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in Symbotic in the 4th quarter valued at about $48,000. Finally, NewEdge Advisors LLC boosted its position in shares of Symbotic by 81.5% during the 2nd quarter. NewEdge Advisors LLC now owns 1,276 shares of the company’s stock valued at $50,000 after purchasing an additional 573 shares in the last quarter.

Trending Headlines about Symbotic

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Fiscal third-quarter revenue increased 21.7% year over year to approximately $720.8 million, exceeding the $715.0 million analyst consensus. Adjusted EBITDA more than doubled, while the company returned to profitability compared with a loss in the year-ago quarter. Symbotic Q3 Earnings Miss Estimates, Revenues Increase Y/Y
• Positive Sentiment: Symbotic issued fourth-quarter revenue guidance of $760 million to $780 million, broadly in line with the $770.7 million consensus estimate and implying continued sequential growth. Management also highlighted margin gains, product expansion and potential growth inflections in fiscal 2027 and early 2028. SYM Q3 Earnings Call Puts Margin Gains and Expansion in Focus
• Positive Sentiment: Needham reaffirmed its “Buy” rating and assigned a $75 price target, substantially above the referenced trading level, signaling that the firm views the earnings-driven weakness as an opportunity.
• Positive Sentiment: Former Bain Capital co-chair Steve Pagliuca joined Symbotic’s board, potentially adding financial and strategic expertise as the company scales its robotics business. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Several directors sold small amounts of stock through pre-arranged Rule 10b5-1 plans. The transactions have limited signaling value but may modestly affect sentiment.
• Negative Sentiment: Quarterly EPS was $0.09, below the $0.13 consensus estimate. The miss, along with still-thin or inconsistent net margins, likely outweighed the revenue beat and renewed concerns about Symbotic’s ability to convert rapid growth into durable earnings. Symbotic Inc. Misses Q3 Earnings Estimates

Symbotic Company Profile

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.