iRobot Co. (NASDAQ:IRBT) has earned a consensus recommendation of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $92.20.

IRBT has been the subject of a number of recent research reports. Canaccord Genuity initiated coverage on iRobot in a report on Monday, November 5th. They issued a “buy” rating and a $115.00 target price for the company. Needham & Company LLC upgraded iRobot from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a report on Wednesday, October 24th. Piper Jaffray Companies dropped their target price on iRobot to $82.00 and set a “neutral” rating for the company in a report on Wednesday, October 24th. BidaskClub upgraded iRobot from a “hold” rating to a “buy” rating in a report on Monday, November 5th. Finally, Dougherty & Co cut iRobot to a “hold” rating in a report on Thursday, December 20th.

In other news, CEO Colin M. Angle sold 24,739 shares of iRobot stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $80.85, for a total value of $2,000,148.15. Following the completion of the transaction, the chief executive officer now owns 439,756 shares in the company, valued at approximately $35,554,272.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michelle Stacy sold 1,500 shares of iRobot stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $114.00, for a total value of $171,000.00. Following the completion of the transaction, the director now owns 9,652 shares of the company’s stock, valued at approximately $1,100,328. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,945 shares of company stock valued at $10,970,117. Company insiders own 3.51% of the company’s stock.

Several institutional investors have recently made changes to their positions in IRBT. Vanguard Group Inc. boosted its holdings in iRobot by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,639,442 shares of the industrial products company’s stock valued at $290,128,000 after acquiring an additional 25,570 shares during the period. Everence Capital Management Inc. purchased a new position in iRobot during the 3rd quarter valued at $212,000. Symmetry Peak Management LLC purchased a new position in iRobot during the 3rd quarter valued at $2,473,000. Morgan Stanley boosted its holdings in iRobot by 120.7% during the 3rd quarter. Morgan Stanley now owns 824,043 shares of the industrial products company’s stock valued at $90,579,000 after acquiring an additional 450,642 shares during the period. Finally, MML Investors Services LLC purchased a new position in iRobot during the 3rd quarter valued at $891,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.

NASDAQ:IRBT traded up $4.11 during trading hours on Friday, reaching $119.39. The stock had a trading volume of 973,232 shares, compared to its average volume of 860,050. iRobot has a 52 week low of $56.61 and a 52 week high of $119.40. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.81 and a beta of 1.69.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Wednesday, February 6th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.33. iRobot had a return on equity of 17.14% and a net margin of 8.05%. The business had revenue of $384.67 million for the quarter, compared to the consensus estimate of $381.87 million. During the same quarter in the previous year, the company posted $0.16 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts expect that iRobot will post 3.1 EPS for the current fiscal year.

iRobot Company Profile

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair.

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Analyst Recommendations for iRobot (NASDAQ:IRBT)

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