Symbotic Inc. (NASDAQ:SYM) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Hold consensus from 16 analysts (3 sell, 6 hold, 7 buy) with an average 12‑month price target of $65.62.
• Latest quarter: EPS of $0.02 missed estimates of $0.08, while revenue of $629.99M beat estimates and rose 29.4% year‑over‑year, though the company remains unprofitable (negative net margin and ROE).
• Insider selling totaled 153,581 shares (≈$8.88M) over the last quarter, including a 37,860‑share sale by SVP Brian Alexander, with insiders now owning 8.16% of the stock.

Shares of Symbotic Inc. (NASDAQ:SYM - Get Free Report) have earned an average recommendation of "Hold" from the sixteen research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $65.6154.

SYM has been the subject of a number of research reports. The Goldman Sachs Group restated a "sell" rating and set a $50.00 target price on shares of Symbotic in a report on Thursday, January 15th. Barclays lifted their price target on Symbotic from $42.00 to $44.00 and gave the stock an "underweight" rating in a research note on Monday, March 16th. Needham & Company LLC boosted their price objective on Symbotic from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. Citigroup reaffirmed an "outperform" rating on shares of Symbotic in a research note on Thursday, February 5th. Finally, DA Davidson upgraded shares of Symbotic from a "neutral" rating to a "buy" rating and raised their target price for the stock from $57.00 to $70.00 in a report on Wednesday, April 15th.

Insider Activity at Symbotic

In other news, SVP Brian Daniel Alexander sold 37,860 shares of the company's stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $59.97, for a total value of $2,270,464.20. Following the transaction, the senior vice president owned 44,229 shares in the company, valued at $2,652,413.13. This represents a 46.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Charles Kane sold 4,000 shares of the company's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $47.86, for a total transaction of $191,440.00. Following the completion of the transaction, the director owned 89,852 shares in the company, valued at approximately $4,300,316.72. This represents a 4.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 153,581 shares of company stock worth $8,881,717. Company insiders own 8.16% of the company's stock.

Institutional Trading of Symbotic

A number of institutional investors have recently bought and sold shares of SYM. MAI Capital Management increased its position in Symbotic by 833.3% in the 3rd quarter. MAI Capital Management now owns 560 shares of the company's stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Symbotic by 100.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 536 shares of the company's stock worth $32,000 after buying an additional 268 shares during the last quarter. Quarry LP bought a new stake in Symbotic during the fourth quarter worth approximately $36,000. Parallel Advisors LLC lifted its stake in shares of Symbotic by 67.3% in the fourth quarter. Parallel Advisors LLC now owns 619 shares of the company's stock worth $37,000 after buying an additional 249 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its holdings in shares of Symbotic by 1,500.0% during the 3rd quarter. Ameriflex Group Inc. now owns 704 shares of the company's stock worth $38,000 after buying an additional 660 shares during the period.

Symbotic Price Performance

NASDAQ SYM opened at $57.00 on Tuesday. Symbotic has a 12 month low of $21.89 and a 12 month high of $87.88. The firm has a market capitalization of $34.32 billion, a PE ratio of -569.94, a P/E/G ratio of 5.90 and a beta of 2.03. The company's 50 day simple moving average is $54.62 and its 200 day simple moving average is $60.92.

Symbotic (NASDAQ:SYM - Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.06). Symbotic had a negative return on equity of 1.88% and a negative net margin of 0.45%.The firm had revenue of $629.99 million during the quarter, compared to analyst estimates of $622.58 million. During the same quarter last year, the company earned ($0.03) earnings per share. The business's revenue for the quarter was up 29.4% on a year-over-year basis. Sell-side analysts anticipate that Symbotic will post 0.33 earnings per share for the current fiscal year.

About Symbotic

Symbotic Inc NASDAQ: SYM is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.