Media headlines about iRobot Corporation (NASDAQ:IRBT) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. iRobot Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.593073304831 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- These 3 Stocks Have Doubled Investors’ Money (fool.com)
- iRobot settles patent dispute (seekingalpha.com)
- iRobot Corp. breached its 50 day moving average in a Bearish Manner : IRBT-US : September 14, 2017 (finance.yahoo.com)
- iRobot Notches a Significant Patent-Dispute Win (fool.com)
- iRobot Corporation (IRBT)- Stocks Getting Investors Vote of Confidence – NASDAQ Times (nasdaqtimes.com)
Several analysts have commented on IRBT shares. Canaccord Genuity lowered iRobot Corporation from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Wednesday, May 31st. They noted that the move was a valuation call. Zacks Investment Research lowered iRobot Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Dougherty & Co lowered iRobot Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 3rd. BidaskClub lowered iRobot Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Piper Jaffray Companies raised their price objective on iRobot Corporation to $92.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $73.63.
Shares of iRobot Corporation (IRBT) opened at 79.81 on Friday. iRobot Corporation has a 52 week low of $40.22 and a 52 week high of $109.78. The stock has a 50 day moving average price of $97.47 and a 200-day moving average price of $84.61. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 39.14 and a beta of 1.18.
iRobot Corporation (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.55. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The firm had revenue of $183.14 million during the quarter, compared to the consensus estimate of $174.65 million. During the same period last year, the business posted $0.17 EPS. iRobot Corporation’s quarterly revenue was up 23.2% on a year-over-year basis. On average, analysts anticipate that iRobot Corporation will post $1.58 EPS for the current year.
In related news, CEO Colin M. Angle sold 5,886 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $106.20, for a total value of $625,093.20. Following the completion of the transaction, the chief executive officer now directly owns 489,463 shares of the company’s stock, valued at approximately $51,980,970.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Russell J. Campanello sold 6,906 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $85.00, for a total value of $587,010.00. Following the completion of the transaction, the executive vice president now directly owns 82,434 shares of the company’s stock, valued at $7,006,890. The disclosure for this sale can be found here. Insiders sold a total of 106,675 shares of company stock valued at $10,315,539 over the last ninety days. 4.49% of the stock is currently owned by company insiders.
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iRobot Corporation Company Profile
iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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