iRobot (NASDAQ:IRBT)‘s stock had its “buy” rating restated by equities researchers at Northland Securities in a research note issued to investors on Tuesday, AnalystRatings.com reports. They currently have a $130.00 target price on the industrial products company’s stock. Northland Securities’ target price points to a potential upside of 3.17% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of iRobot from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Monday, January 7th. ValuEngine raised shares of iRobot from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Canaccord Genuity downgraded shares of iRobot from a “buy” rating to a “hold” rating and cut their target price for the company from $115.00 to $114.00 in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Dougherty & Co downgraded shares of iRobot to a “hold” rating in a research note on Thursday, December 20th. Finally, Needham & Company LLC downgraded shares of iRobot from a “buy” rating to a “hold” rating and set a $126.87 target price on the stock. in a research note on Tuesday, March 19th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $105.70.

Shares of IRBT opened at $126.00 on Tuesday. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 1.92 and a beta of 1.73. iRobot has a fifty-two week low of $56.61 and a fifty-two week high of $132.88.

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

In related news, EVP Russell J. Campanello sold 7,993 shares of iRobot stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $101.00, for a total transaction of $807,293.00. Following the sale, the executive vice president now owns 35,750 shares of the company’s stock, valued at approximately $3,610,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Russell J. Campanello sold 17,409 shares of iRobot stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $120.93, for a total transaction of $2,105,270.37. Following the sale, the executive vice president now directly owns 44,601 shares in the company, valued at approximately $5,393,598.93. The disclosure for this sale can be found here. In the last three months, insiders sold 99,890 shares of company stock worth $12,127,939. Insiders own 3.51% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in iRobot by 16.7% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 700 shares of the industrial products company’s stock worth $82,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue increased its stake in iRobot by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 9,368 shares of the industrial products company’s stock worth $1,102,000 after buying an additional 115 shares during the period. Eaton Vance Management increased its stake in iRobot by 5.4% during the 4th quarter. Eaton Vance Management now owns 3,508 shares of the industrial products company’s stock worth $294,000 after buying an additional 179 shares during the period. Juncture Wealth Strategies LLC increased its stake in iRobot by 3.7% during the 1st quarter. Juncture Wealth Strategies LLC now owns 5,852 shares of the industrial products company’s stock worth $689,000 after buying an additional 207 shares during the period. Finally, Piedmont Investment Advisors Inc. increased its stake in iRobot by 4.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,575 shares of the industrial products company’s stock worth $551,000 after buying an additional 277 shares during the period. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

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 stairs.

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Analyst Recommendations for iRobot (NASDAQ:IRBT)

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