iRobot Corp. (NASDAQ:IRBT) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $41.17.
IRBT has been the topic of several analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $45.00 target price on shares of iRobot Corp. in a research report on Wednesday, August 10th. Needham & Company LLC restated a “buy” rating and issued a $46.00 price objective (up from $42.00) on shares of iRobot Corp. in a research report on Friday, September 16th.
In related news, EVP Glen Daniel Weinstein sold 4,225 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $43.99, for a total value of $185,857.75. Following the sale, the executive vice president now directly owns 70,814 shares in the company, valued at $3,115,107.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Russell J. Campanello sold 9,200 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $40.04, for a total value of $368,368.00. Following the completion of the sale, the executive vice president now owns 78,420 shares in the company, valued at $3,139,936.80. The disclosure for this sale can be found here. 5.53% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of iRobot Corp. by 27.8% in the second quarter. Dimensional Fund Advisors LP now owns 832,334 shares of the company’s stock valued at $29,198,000 after buying an additional 181,053 shares during the last quarter. Tributary Capital Management LLC bought a new stake in shares of iRobot Corp. during the second quarter valued at $5,704,000. FMR LLC boosted its stake in shares of iRobot Corp. by 52.7% in the second quarter. FMR LLC now owns 461,747 shares of the company’s stock valued at $16,198,000 after buying an additional 159,327 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in shares of iRobot Corp. by 97.6% in the first quarter. First Republic Investment Management Inc. now owns 159,957 shares of the company’s stock valued at $5,646,000 after buying an additional 78,997 shares during the last quarter. Finally, SECOR Capital Advisors LP bought a new stake in shares of iRobot Corp. during the second quarter valued at $2,632,000. Institutional investors own 77.40% of the company’s stock.
iRobot Corp. (NASDAQ:IRBT) opened at 43.98 on Friday. iRobot Corp. has a 52-week low of $28.02 and a 52-week high of $44.67. The company’s 50-day moving average price is $40.89 and its 200-day moving average price is $37.65. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 31.64 and a beta of 1.59.
iRobot Corp. (NASDAQ:IRBT) last released its earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The company had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.10 million. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. iRobot Corp.’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. Equities research analysts expect that iRobot Corp. will post $1.32 EPS for the current fiscal year.
About iRobot Corp.
iRobot Corporation is engaged in designing and building robots. The Company’s portfolio of solutions focus on technologies for the connected home and concepts in navigation, mobility, mapping and artificial intelligence. The Company operates through consumer robots segment. It designs robots for the consumer, telemedicine and mobile video collaboration markets.
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