iRobot (NASDAQ:IRBT) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, December 27th.
Several other equities analysts have also recently weighed in on IRBT. Zacks Investment Research cut shares of iRobot from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Sidoti raised shares of iRobot from a “neutral” rating to a “buy” rating in a research note on Friday, October 27th. Piper Jaffray Companies cut their target price on shares of iRobot to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 25th. Canaccord Genuity reaffirmed a “hold” rating and set a $65.00 target price (down from $95.00) on shares of iRobot in a research note on Thursday, October 26th. Finally, SprucePoint Capital reaffirmed a “sell” rating on shares of iRobot in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.75.
Shares of iRobot (IRBT) opened at $87.19 on Wednesday. iRobot has a twelve month low of $52.12 and a twelve month high of $109.78. The company has a market cap of $2,410.00, a P/E ratio of 41.32, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99.
iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.16. The firm had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $204.52 million. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 earnings per share. analysts predict that iRobot will post 1.85 EPS for the current fiscal year.
In related news, CEO Colin M. Angle sold 45,200 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total value of $3,618,712.00. Following the transaction, the chief executive officer now owns 534,663 shares of the company’s stock, valued at approximately $42,805,119.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew Miller sold 441 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total transaction of $35,328.51. Following the completion of the transaction, the director now directly owns 4,670 shares in the company, valued at approximately $374,113.70. The disclosure for this sale can be found here. 4.49% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC increased its stake in iRobot by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock worth $140,000 after buying an additional 665 shares during the period. FNY Partners Fund LP purchased a new position in iRobot during the 2nd quarter valued at about $143,000. Strs Ohio purchased a new position in iRobot during the 2nd quarter valued at about $185,000. Flinton Capital Management LLC increased its position in iRobot by 60.7% during the 2nd quarter. Flinton Capital Management LLC now owns 2,520 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 952 shares during the period. Finally, Victory Capital Management Inc. increased its position in iRobot by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,621 shares of the industrial products company’s stock valued at $221,000 after purchasing an additional 392 shares during the period. 82.16% of the stock is currently owned by institutional investors.
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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