iRobot (NASDAQ:IRBT) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other equities research analysts also recently weighed in on IRBT. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, October 17th. Dougherty & Co reiterated a “neutral” rating on shares of iRobot in a research note on Thursday, October 26th. Citigroup began coverage on shares of iRobot in a research note on Monday, December 4th. They set a “neutral” rating and a $74.00 price target on the stock. Finally, SprucePoint Capital reiterated a “sell” rating on shares of iRobot in a research note on Thursday, September 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. iRobot presently has an average rating of “Hold” and an average target price of $70.75.

Shares of iRobot (NASDAQ IRBT) opened at $81.78 on Tuesday. iRobot has a 52 week low of $52.12 and a 52 week high of $109.78. The firm has a market cap of $2,260.00, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.16. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The firm had revenue of $205.40 million for the quarter, compared to the consensus estimate of $204.52 million. During the same quarter in the previous year, the company earned $0.70 earnings per share. The business’s revenue was up 21.8% compared to the same quarter last year. equities research analysts expect that iRobot will post 1.85 earnings per share for the current fiscal year.

In other news, CEO Colin M. Angle sold 45,200 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total value of $3,618,712.00. Following the sale, the chief executive officer now owns 534,663 shares in the company, valued at approximately $42,805,119.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Miller sold 441 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total transaction of $35,328.51. Following the completion of the sale, the director now owns 4,670 shares in the company, valued at approximately $374,113.70. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of iRobot by 16.5% in the 2nd quarter. Legal & General Group Plc now owns 52,487 shares of the industrial products company’s stock valued at $4,419,000 after purchasing an additional 7,418 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of iRobot in the 3rd quarter valued at $359,000. Parametric Portfolio Associates LLC boosted its stake in shares of iRobot by 17.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 59,241 shares of the industrial products company’s stock valued at $4,985,000 after purchasing an additional 8,711 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of iRobot in the 2nd quarter valued at $4,470,000. Finally, Cipher Capital LP acquired a new stake in shares of iRobot in the 3rd quarter valued at $411,000. Institutional investors own 82.16% of the company’s stock.

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About iRobot

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

Analyst Recommendations for iRobot (NASDAQ:IRBT)

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