iRobot Co. (IRBT) Given Consensus Recommendation of “Hold” by Brokerages
iRobot Co. (NASDAQ:IRBT) has received an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $70.20.
A number of research firms have weighed in on IRBT. Needham & Company LLC restated a “hold” rating on shares of iRobot in a research note on Saturday, April 22nd. Zacks Investment Research downgraded iRobot from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. BidaskClub upgraded iRobot from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies raised their price target on iRobot to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Dougherty & Co downgraded iRobot from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd.
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In other news, COO Christian Cerda sold 75,121 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $100.06, for a total value of $7,516,607.26. Following the completion of the sale, the chief operating officer now directly owns 98,300 shares of the company’s stock, valued at $9,835,898. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Russell J. Campanello sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $85.00, for a total value of $850,000.00. Following the completion of the sale, the executive vice president now directly owns 82,434 shares of the company’s stock, valued at $7,006,890. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,721 shares of company stock valued at $14,483,004. Insiders own 4.49% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in iRobot by 13.6% in the second quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock worth $315,648,000 after buying an additional 448,157 shares during the last quarter. Vanguard Group Inc. boosted its stake in iRobot by 9.3% in the second quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock worth $272,776,000 after buying an additional 277,161 shares during the last quarter. Columbia Wanger Asset Management LLC boosted its stake in iRobot by 10.5% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,378,409 shares of the industrial products company’s stock valued at $91,168,000 after buying an additional 131,030 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in iRobot by 0.8% in the first quarter. OppenheimerFunds Inc. now owns 1,114,526 shares of the industrial products company’s stock valued at $73,715,000 after buying an additional 8,824 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in iRobot by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 948,086 shares of the industrial products company’s stock valued at $62,706,000 after buying an additional 56,545 shares during the last quarter. 84.09% of the stock is owned by institutional investors.
iRobot (NASDAQ IRBT) traded down 1.50% during midday trading on Tuesday, reaching $103.28. The company had a trading volume of 386,499 shares. The company has a market cap of $2.86 billion, a PE ratio of 50.65 and a beta of 1.18. The company’s 50-day moving average is $93.71 and its 200 day moving average is $79.37. iRobot has a 52-week low of $38.19 and a 52-week high of $109.78.
iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.55. The firm had revenue of $183.14 million during the quarter, compared to the consensus estimate of $174.65 million. iRobot had a return on equity of 7.60% and a net margin of 4.32%. The business’s revenue was up 23.2% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. On average, equities research analysts forecast that iRobot will post $2.00 EPS for the current year.
iRobot Company Profile
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.
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