iRobot (IRBT) Downgraded by Sidoti to Neutral
Sidoti lowered shares of iRobot (NASDAQ:IRBT) from a buy rating to a neutral rating in a report released on Tuesday morning, Marketbeat.com reports. The analysts noted that the move was a valuation call.
Several other research analysts also recently issued reports on the company. BidaskClub raised iRobot from a buy rating to a strong-buy rating in a report on Friday, August 24th. Canaccord Genuity reaffirmed a hold rating and set a $80.00 price objective on shares of iRobot in a report on Friday, August 10th. ValuEngine upgraded shares of iRobot from a strong sell rating to a sell rating in a research report on Tuesday, May 29th. Raymond James cut shares of iRobot from an outperform rating to a market perform rating in a research report on Tuesday, July 10th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reiterated an overweight rating and set a $90.00 target price on shares of iRobot in a research report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $74.00.
NASDAQ:IRBT opened at $114.16 on Tuesday. iRobot has a 52-week low of $55.77 and a 52-week high of $118.75. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 52.30, a PEG ratio of 2.40 and a beta of 1.45.
In other iRobot news, Director Andrew Miller sold 636 shares of the company’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $69.41, for a total transaction of $44,144.76. Following the completion of the sale, the director now owns 6,538 shares in the company, valued at approximately $453,802.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Colin M. Angle sold 13,334 shares of the company’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,000,050.00. Following the sale, the chief executive officer now owns 499,173 shares of the company’s stock, valued at approximately $37,437,975. The disclosure for this sale can be found here. Insiders have sold a total of 82,178 shares of company stock valued at $7,203,632 in the last quarter. Corporate insiders own 3.51% of the company’s stock.
Several institutional investors have recently modified their holdings of IRBT. Psagot Investment House Ltd. bought a new stake in shares of iRobot in the 2nd quarter valued at $111,000. PNC Financial Services Group Inc. increased its position in shares of iRobot by 74.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,556 shares of the industrial products company’s stock valued at $118,000 after buying an additional 663 shares in the last quarter. Silvant Capital Management LLC bought a new stake in shares of iRobot in the 1st quarter valued at $120,000. Quantbot Technologies LP bought a new stake in shares of iRobot in the 1st quarter valued at $134,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of iRobot in the 1st quarter valued at $200,000. Institutional investors own 83.21% of the company’s stock.
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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