Somewhat Favorable News Coverage Somewhat Unlikely to Impact iRobot (IRBT) Share Price
News coverage about iRobot (NASDAQ:IRBT) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. iRobot earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.8588327715634 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- iRobot Corporation (NASDAQ:IRBT) – An Eye on Data – Nasdaq Journal (press release) (nasdaqjournal.com)
- Hair-Raising Facts to Know – iRobot Corporation, (NASDAQ: IRBT) – Stock Watch (stocksnewstimes.com)
- IRobot (NASDAQ:IRBT) Moves On Citigroup Initiation. How Much Are Shares Worth? (nismagazine.com)
- iRobot Corporation (NASDAQ:IRBT) – Hot Stock’s Highlights – Nasdaq Journal (press release) (nasdaqjournal.com)
- The Simple Reason Why I Won’t Buy iRobot Corporation Stock – Motley Fool (fool.com)
Several equities research analysts recently commented on the stock. Citigroup assumed coverage on shares of iRobot in a research report on Monday, December 4th. They issued a “neutral” rating and a $74.00 price target for the company. Zacks Investment Research downgraded shares of iRobot from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Sidoti upgraded shares of iRobot from a “neutral” rating to a “buy” rating in a research report on Friday, October 27th. Needham & Company LLC restated a “hold” rating on shares of iRobot in a research report on Thursday, October 26th. Finally, Dougherty & Co restated a “neutral” rating on shares of iRobot in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $70.75.
iRobot (NASDAQ:IRBT) opened at $66.77 on Monday. The firm has a market cap of $1,850.00, a P/E ratio of 35.52, a price-to-earnings-growth ratio of 1.80 and a beta of 0.99. iRobot has a 12 month low of $52.12 and a 12 month high of $109.78.
iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.16. The firm had revenue of $205.40 million for the quarter, compared to analyst estimates of $204.52 million. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. equities research analysts expect that iRobot will post 1.85 earnings per share for the current year.
In other news, CFO Alison Dean sold 33,809 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total transaction of $3,380,900.00. Following the transaction, the chief financial officer now owns 82,609 shares in the company, valued at approximately $8,260,900. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Glen Daniel Weinstein sold 728 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total transaction of $72,800.00. Following the transaction, the executive vice president now owns 68,355 shares in the company, valued at approximately $6,835,500. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by corporate insiders.
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iRobot Company Profile
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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