A number of other analysts have also recently commented on IRBT. BidaskClub cut iRobot from a strong-buy rating to a buy rating in a research report on Friday, April 20th. Canaccord Genuity dropped their price target on iRobot from $65.00 to $63.00 and set a hold rating on the stock in a research report on Thursday, April 26th. ValuEngine raised iRobot from a sell rating to a hold rating in a research report on Tuesday, June 12th. JPMorgan Chase & Co. boosted their price target on iRobot from $61.00 to $62.00 and gave the stock a neutral rating in a research report on Thursday, April 26th. Finally, Zacks Investment Research raised iRobot from a hold rating to a buy rating and set a $64.00 price target on the stock in a research report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. iRobot presently has an average rating of Hold and a consensus price target of $68.20.
iRobot opened at $80.87 on Thursday, MarketBeat Ratings reports. iRobot has a fifty-two week low of $55.77 and a fifty-two week high of $109.78. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 39.07, a PEG ratio of 2.07 and a beta of 1.16.
iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Tuesday, April 24th. The industrial products company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.22. iRobot had a return on equity of 12.95% and a net margin of 5.90%. The firm had revenue of $217.10 million for the quarter, compared to analysts’ expectations of $212.81 million. During the same period in the previous year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 28.8% compared to the same quarter last year. sell-side analysts expect that iRobot will post 2.3 earnings per share for the current fiscal year.
In related news, EVP Russell J. Campanello sold 11,950 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $75.00, for a total value of $896,250.00. Following the transaction, the executive vice president now directly owns 86,625 shares of the company’s stock, valued at approximately $6,496,875. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Miller sold 636 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $69.41, for a total value of $44,144.76. Following the completion of the transaction, the director now directly owns 6,538 shares in the company, valued at $453,802.58. The disclosure for this sale can be found here. Insiders sold a total of 38,095 shares of company stock worth $2,940,499 over the last ninety days. 4.49% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in iRobot by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 245,205 shares of the industrial products company’s stock valued at $15,740,000 after acquiring an additional 4,974 shares in the last quarter. Front Row Advisors LLC purchased a new stake in iRobot during the 1st quarter valued at $936,000. Xact Kapitalforvaltning AB raised its stake in iRobot by 45.1% during the 1st quarter. Xact Kapitalforvaltning AB now owns 3,858 shares of the industrial products company’s stock valued at $248,000 after buying an additional 1,200 shares during the last quarter. Legal & General Group Plc raised its stake in iRobot by 702.3% during the 1st quarter. Legal & General Group Plc now owns 442,757 shares of the industrial products company’s stock valued at $28,399,000 after buying an additional 387,573 shares during the last quarter. Finally, NEXT Financial Group Inc purchased a new stake in iRobot during the 1st quarter valued at $224,000. 84.10% of the stock is currently owned by institutional investors and hedge funds.
iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair.
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