Shares of iRobot Co. (NASDAQ:IRBT) have been assigned a consensus rating of "Hold" from the nine research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $114.00.
A number of equities research analysts have recently commented on IRBT shares. Northland Securities dropped their price objective on shares of iRobot from $140.00 to $130.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 5th. Zacks Investment Research cut shares of iRobot from a "hold" rating to a "sell" rating and set a $103.00 price objective on the stock. in a research note on Friday, May 7th.
In related news, EVP Russell J. Campanello sold 10,686 shares of iRobot stock in a transaction on Thursday, March 18th. The shares were sold at an average price of $122.80, for a total value of $1,312,240.80. Following the sale, the executive vice president now owns 46,814 shares of the company's stock, valued at approximately $5,748,759.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Miller sold 1,046 shares of iRobot stock in a transaction on Monday, June 7th. The shares were sold at an average price of $97.48, for a total transaction of $101,964.08. Following the completion of the sale, the director now directly owns 5,339 shares in the company, valued at approximately $520,445.72. The disclosure for this sale can be found here. Insiders sold a total of 13,105 shares of company stock worth $1,585,830 in the last three months. 2.21% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Eudaimonia Partners LLC acquired a new stake in iRobot during the 1st quarter worth $36,000. Optimum Investment Advisors acquired a new stake in iRobot during the 1st quarter worth $37,000. CWM LLC boosted its stake in iRobot by 82.4% during the 1st quarter. CWM LLC now owns 332 shares of the industrial products company's stock worth $41,000 after purchasing an additional 150 shares during the last quarter. Hudock Inc. boosted its stake in iRobot by 5,146.2% during the 4th quarter. Hudock Inc. now owns 682 shares of the industrial products company's stock worth $54,000 after purchasing an additional 669 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in iRobot by 25.0% during the 1st quarter. Panagora Asset Management Inc. now owns 701 shares of the industrial products company's stock worth $86,000 after purchasing an additional 140 shares during the last quarter. 87.05% of the stock is currently owned by institutional investors.
IRBT traded down $1.43 during trading on Tuesday, reaching $96.11. 2,326 shares of the company's stock were exchanged, compared to its average volume of 459,712. iRobot has a 1 year low of $67.55 and a 1 year high of $197.40. The stock has a market capitalization of $2.70 billion, a PE ratio of 15.81, a P/E/G ratio of 3.19 and a beta of 1.28. The stock has a fifty day moving average of $103.62.
iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Sunday, May 2nd. The industrial products company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.32. The business had revenue of $303.26 million for the quarter, compared to analysts' expectations of $268.04 million. iRobot had a net margin of 11.20% and a return on equity of 14.94%. The business's revenue was up 57.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.32) EPS. On average, equities research analysts forecast that iRobot will post 2.23 EPS for the current year.
iRobot Corporation designs, builds, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Root robots to help children learn how to code. The company sells its products through distributor and retail sales channels, as well as through online stores and resellers.
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