iRobot Corp. (NASDAQ:IRBT) saw unusually-strong trading volume on Tuesday after Benchmark raised their price target on the stock from $46.00 to $52.00. Benchmark currently has a buy rating on the stock. Approximately 320,138 shares were traded during trading, an increase of 14% from the previous session’s volume of 281,440 shares.The stock last traded at $44.98 and had previously closed at $44.80.
Several other brokerages have also recently weighed in on IRBT. Needham & Company LLC reiterated a “buy” rating and set a $46.00 price target (up previously from $42.00) on shares of iRobot Corp. in a research note on Friday, September 16th. Canaccord Genuity reiterated a “buy” rating and set a $45.00 price target on shares of iRobot Corp. in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. iRobot Corp. has an average rating of “Hold” and a consensus price target of $39.88.
In other iRobot Corp. news, EVP Russell J. Campanello sold 800 shares of iRobot Corp. stock in a transaction on Friday, September 9th. The shares were sold at an average price of $40.00, for a total value of $32,000.00. Following the sale, the executive vice president now directly owns 68,420 shares in the company, valued at approximately $2,736,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Glen Daniel Weinstein sold 1,000 shares of iRobot Corp. stock in a transaction on Monday, August 8th. The shares were 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 $2,819,240. The disclosure for this sale can be found here. Insiders own 5.53% of the company’s stock.
A number of hedge funds have recently made changes to their positions in IRBT. Dimensional Fund Advisors LP increased 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 worth $29,198,000 after buying an additional 181,053 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of iRobot Corp. by 4.3% in the second quarter. Baillie Gifford & Co. now owns 530,400 shares of the company’s stock worth $18,606,000 after buying an additional 21,800 shares in the last quarter. FMR LLC increased 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 worth $16,198,000 after buying an additional 159,327 shares in the last quarter. Personal Capital Advisors Corp increased its stake in shares of iRobot Corp. by 9.4% in the second quarter. Personal Capital Advisors Corp now owns 227,954 shares of the company’s stock worth $7,997,000 after buying an additional 19,623 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of iRobot Corp. by 0.3% in the second quarter. Principal Financial Group Inc. now owns 199,442 shares of the company’s stock worth $6,997,000 after buying an additional 504 shares in the last quarter. Institutional investors own 77.47% of the company’s stock.
The company has a market cap of $1.22 billion, a P/E ratio of 32.31 and a beta of 1.59. The stock’s 50 day moving average price is $41.96 and its 200 day moving average price is $38.44.
iRobot Corp. (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.10 million. iRobot Corp. had a net margin of 6.49% and a return on equity of 10.39%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. Analysts predict that iRobot Corp. will post $1.32 earnings per share for the current year.
iRobot Corp. Company Profile
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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