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.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, July 24th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.20. iRobot had a return on equity of 13.27% and a net margin of 5.90%. The firm had revenue of $226.30 million for the quarter, compared to the consensus estimate of $219.71 million. During the same quarter in the prior year, the business earned $0.27 EPS. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. equities analysts expect that iRobot will post 2.43 earnings per share for the current year.

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.

About iRobot

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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