iRobot Corp. (NASDAQ:IRBT)’s share price reached a new 52-week high during trading on Monday after Benchmark raised their price target on the stock from $46.00 to $52.00. Benchmark currently has a buy rating on the stock. iRobot Corp. traded as high as $45.10 and last traded at $44.39, with a volume of 299,771 shares traded. The stock had previously closed at $43.33.
IRBT has been the subject of a number of other research reports. Needham & Company LLC reiterated a “buy” rating and set a $46.00 target price (up previously from $42.00) on shares of iRobot Corp. in a research report on Friday, September 16th. 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. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. iRobot Corp. has an average rating of “Hold” and a consensus price target of $39.88.
In other iRobot Corp. news, CFO Alison Dean sold 11,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $43.42, for a total value of $477,620.00. Following the completion of the sale, the chief financial officer now owns 84,045 shares in the company, valued at approximately $3,649,233.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea Geisser sold 3,243 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $40.19, for a total transaction of $130,336.17. Following the completion of the sale, the director now owns 54,226 shares of the company’s stock, valued at approximately $2,179,342.94. The disclosure for this sale can be found here. 5.53% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in iRobot Corp. by 49.2% in the second quarter. BlackRock Inc. now owns 3,168 shares of the company’s stock valued at $112,000 after buying an additional 1,045 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of iRobot Corp. by 10.7% in the second quarter. Teacher Retirement System of Texas now owns 3,753 shares of the company’s stock valued at $132,000 after buying an additional 364 shares during the period. Royal Bank of Canada raised its position in shares of iRobot Corp. by 116.6% in the second quarter. Royal Bank of Canada now owns 5,084 shares of the company’s stock valued at $178,000 after buying an additional 2,737 shares during the period. Mason Street Advisors LLC acquired a new position in shares of iRobot Corp. during the second quarter valued at about $188,000. Finally, Profund Advisors LLC raised its position in shares of iRobot Corp. by 2.3% in the second quarter. Profund Advisors LLC now owns 6,703 shares of the company’s stock valued at $235,000 after buying an additional 153 shares during the period. Hedge funds and other institutional investors own 77.47% of the company’s stock.
The stock’s 50-day moving average is $41.82 and its 200 day moving average is $38.37. The firm has a market cap of $1.22 billion, a P/E ratio of 32.23 and a beta of 1.59.
iRobot Corp. (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. The company earned $148.70 million during the quarter, compared to analysts’ expectations of $148.10 million. iRobot Corp. had a net margin of 6.49% and a return on equity of 10.39%. iRobot Corp.’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, equities research analysts expect that iRobot Corp. will post $1.32 earnings per share 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.
Receive News & Ratings for iRobot Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot Corp. and related companies with MarketBeat.com's FREE daily email newsletter.