iRobot Corp. (NASDAQ:IRBT) had its target price increased by stock analysts at Benchmark Co. from $46.00 to $52.00 in a report issued on Monday. The firm currently has a “buy” rating on the stock. Benchmark Co.’s target price suggests a potential upside of 15.79% from the stock’s current price.
A number of other research firms have also recently weighed in on IRBT. Needham & Company LLC restated a “buy” rating and set a $46.00 target price (up previously from $42.00) on shares of iRobot Corp. in a research note on Friday, September 16th. Canaccord Genuity restated a “buy” rating and set a $45.00 target price on shares of iRobot Corp. in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. iRobot Corp. currently has an average rating of “Hold” and an average price target of $39.88.
Shares of iRobot Corp. (NASDAQ:IRBT) opened at 44.91 on Monday. The firm’s 50 day moving average price is $41.96 and its 200 day moving average price is $38.44. The stock has a market cap of $1.22 billion, a P/E ratio of 32.31 and a beta of 1.60. iRobot Corp. has a 52-week low of $28.02 and a 52-week high of $46.50.
iRobot Corp. (NASDAQ:IRBT) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. iRobot Corp. had a net margin of 6.49% and a return on equity of 10.39%. The business had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.10 million. During the same quarter last year, the company posted $0.24 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, analysts expect that iRobot Corp. will post $1.32 EPS for the current year.
In other iRobot Corp. news, CFO Alison Dean sold 11,000 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $43.42, for a total value of $477,620.00. Following the sale, the chief financial officer now owns 84,045 shares in the company, valued at approximately $3,649,233.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Glen Daniel Weinstein sold 1,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the sale, the executive vice president now owns 70,481 shares in the company, valued at approximately $2,819,240. The disclosure for this sale can be found here. 5.53% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. boosted its stake in shares of iRobot Corp. by 2.4% in the first quarter. Prudential Financial Inc. now owns 69,676 shares of the company’s stock valued at $2,460,000 after buying an additional 1,600 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of iRobot Corp. by 7.3% in the first quarter. BlackRock Group LTD now owns 34,102 shares of the company’s stock valued at $1,203,000 after buying an additional 2,308 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iRobot Corp. by 116.4% in the first quarter. JPMorgan Chase & Co. now owns 43,358 shares of the company’s stock valued at $1,530,000 after buying an additional 23,326 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, BNP Paribas Arbitrage SA boosted its stake in shares of iRobot Corp. by 6.9% in the second quarter. BNP Paribas Arbitrage SA now owns 27,948 shares of the company’s stock valued at $980,000 after buying an additional 1,807 shares during the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.
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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