iRobot Corporation (IRBT) Receives $70.20 Average Price Target from Brokerages
Shares of iRobot Corporation (NASDAQ:IRBT) have been assigned an average recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $70.20.
A number of research analysts have recently issued reports on the company. Zacks Investment Research cut iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 31st. Canaccord Genuity raised their price objective on iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, July 27th. BidaskClub raised iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies raised their price objective on iRobot Corporation 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, SprucePoint Capital reaffirmed a “sell” rating on shares of iRobot Corporation in a research note on Thursday, September 14th.
In other news, EVP Glen Daniel Weinstein sold 728 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total transaction of $72,800.00. Following the completion of the sale, the executive vice president now directly owns 68,355 shares in the company, valued at $6,835,500. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Alison Dean sold 33,809 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total transaction of $3,380,900.00. Following the sale, the chief financial officer now owns 82,609 shares of the company’s stock, valued at $8,260,900. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,675 shares of company stock valued at $10,315,539. 4.49% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Creative Planning boosted its holdings in shares of iRobot Corporation by 14.0% during the second quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 162 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of iRobot Corporation by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 665 shares during the period. FNY Partners Fund LP purchased a new stake in shares of iRobot Corporation during the second quarter worth about $143,000. NEXT Financial Group Inc boosted its holdings in shares of iRobot Corporation by 6.2% during the second quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 110 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of iRobot Corporation by 16.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 277 shares during the period. Institutional investors own 82.73% of the company’s stock.
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Shares of iRobot Corporation (NASDAQ IRBT) traded up 0.37% on Wednesday, reaching $75.62. The company’s stock had a trading volume of 892,292 shares. iRobot Corporation has a 12 month low of $42.06 and a 12 month high of $109.78. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 37.09 and a beta of 1.18. The stock has a 50 day moving average of $86.50 and a 200-day moving average of $86.82.
iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.55. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The firm had revenue of $183.14 million for the quarter, compared to analysts’ expectations of $174.65 million. During the same period last year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, analysts anticipate that iRobot Corporation will post $1.58 EPS for the current year.
About iRobot Corporation
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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