Symbotic (NASDAQ:SYM) Raised to Hold at Zacks Research

Key Points

• Zacks Research upgraded Symbotic from “Strong Sell” to “Hold,” while the broader analyst consensus remains “Hold,” with seven Buy, four Hold and four Sell ratings and an average price target of $65.92.
• Symbotic’s quarterly revenue rose 21.7% year over year to $720.84 million, exceeding estimates, but EPS of $0.09 missed the $0.13 consensus and profitability remained thin.
• The stock opened at $39.60, near its 12-month low of $38.19 and well below its $87.88 high; insiders have sold roughly $6.6 million of shares over the past three months through pre-arranged trading plans.

Symbotic (NASDAQ:SYM - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on SYM. Robert W. Baird set a $51.00 target price on Symbotic in a research note on Thursday. DA Davidson reiterated a "buy" rating and issued a $70.00 price target on shares of Symbotic in a research note on Monday, May 11th. The Goldman Sachs Group dropped their price target on shares of Symbotic from $54.00 to $45.00 and set a "sell" rating on the stock in a research note on Tuesday, May 26th. Needham & Company LLC restated a "buy" rating and set a $75.00 price objective on shares of Symbotic in a research report on Thursday. Finally, Weiss Ratings downgraded shares of Symbotic from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $65.92.

Symbotic Price Performance

NASDAQ:SYM opened at $39.60 on Wednesday. Symbotic has a 12 month low of $38.19 and a 12 month high of $87.88. The firm has a market capitalization of $23.87 billion, a PE ratio of 440.00, a price-to-earnings-growth ratio of 6.86 and a beta of 1.94. The business's fifty day moving average price is $42.83 and its 200 day moving average price is $50.71.

Symbotic (NASDAQ:SYM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). The business had revenue of $720.84 million for the quarter, compared to analysts' expectations of $715.03 million. Symbotic had a return on equity of 1.53% and a net margin of 0.48%.The firm's quarterly revenue was up 21.7% on a year-over-year basis. During the same period last year, the firm earned ($0.05) earnings per share. As a group, equities analysts anticipate that Symbotic will post 0.23 EPS for the current year.

Insiders Place Their Bets

In other Symbotic news, Director Todd Krasnow sold 2,000 shares of Symbotic stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $45.27, for a total transaction of $90,540.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Kane sold 2,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $43.21, for a total value of $86,420.00. Following the completion of the sale, the director owned 89,852 shares of the company's stock, valued at approximately $3,882,504.92. This represents a 2.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 143,433 shares of company stock worth $6,627,326. Corporate insiders own 8.16% of the company's stock.

Hedge Funds Weigh In On Symbotic

A number of hedge funds have recently modified their holdings of SYM. Vanguard Group Inc. boosted its holdings in Symbotic by 47.6% in the 4th quarter. Vanguard Group Inc. now owns 6,932,158 shares of the company's stock valued at $412,463,000 after purchasing an additional 2,237,137 shares in the last quarter. Handelsbanken Fonder AB increased its position in Symbotic by 54.3% during the 4th quarter. Handelsbanken Fonder AB now owns 423,020 shares of the company's stock worth $25,170,000 after purchasing an additional 148,842 shares during the period. M&T Bank Corp raised its stake in shares of Symbotic by 1,108.8% during the 4th quarter. M&T Bank Corp now owns 330,882 shares of the company's stock worth $19,687,000 after buying an additional 303,510 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Symbotic during the 4th quarter worth approximately $1,581,000. Finally, Seven Grand Managers LLC acquired a new stake in shares of Symbotic in the 4th quarter valued at approximately $4,462,000.

More Symbotic News

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Fiscal third-quarter revenue increased 21.7% year over year to approximately $720.8 million, exceeding the $715.0 million analyst consensus. Adjusted EBITDA more than doubled, while the company returned to profitability compared with a loss in the year-ago quarter. Symbotic Q3 Earnings Miss Estimates, Revenues Increase Y/Y
• Positive Sentiment: Symbotic issued fourth-quarter revenue guidance of $760 million to $780 million, broadly in line with the $770.7 million consensus estimate and implying continued sequential growth. Management also highlighted margin gains, product expansion and potential growth inflections in fiscal 2027 and early 2028. SYM Q3 Earnings Call Puts Margin Gains and Expansion in Focus
• Positive Sentiment: Needham reaffirmed its “Buy” rating and assigned a $75 price target, substantially above the referenced trading level, signaling that the firm views the earnings-driven weakness as an opportunity.
• Positive Sentiment: Former Bain Capital co-chair Steve Pagliuca joined Symbotic’s board, potentially adding financial and strategic expertise as the company scales its robotics business. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Several directors sold small amounts of stock through pre-arranged Rule 10b5-1 plans. The transactions have limited signaling value but may modestly affect sentiment.
• Negative Sentiment: Quarterly EPS was $0.09, below the $0.13 consensus estimate. The miss, along with still-thin or inconsistent net margins, likely outweighed the revenue beat and renewed concerns about Symbotic’s ability to convert rapid growth into durable earnings. Symbotic Inc. Misses Q3 Earnings Estimates

Symbotic Company Profile

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.

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