Symbotic (NASDAQ:SYM) Trading 2.4% Higher - What's Next?

Key Points

• Shares of Symbotic rose about 2.4% on Thursday to $51.28 (intraday high $51.77) on roughly 960,291 shares traded, a ~47% decline from average daily volume.
• Symbotic missed EPS expectations, reporting $0.02 vs. $0.08 consensus, but revenue beat at $629.99 million (up 29.4% year‑over‑year) while the company still shows a negative net margin and ROE.
• Analyst coverage is mixed with a consensus rating of Hold and an average price target of $60.71 (six Buy, seven Hold, four Sell), and insiders have recently sold roughly 193,492 shares worth about $11.45 million.

Symbotic Inc. (NASDAQ:SYM - Get Free Report)'s share price was up 2.4% during trading on Thursday . The stock traded as high as $51.77 and last traded at $51.28. Approximately 960,291 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 1,826,798 shares. The stock had previously closed at $50.06.

Wall Street Analyst Weigh In

SYM has been the topic of several recent analyst reports. DA Davidson lifted their target price on Symbotic from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. Northland Securities set a $73.00 price objective on shares of Symbotic in a research report on Thursday, February 5th. Barclays upped their target price on shares of Symbotic from $42.00 to $44.00 and gave the stock an "underweight" rating in a research report on Monday. The Goldman Sachs Group reiterated a "sell" rating and issued a $50.00 price target on shares of Symbotic in a report on Thursday, January 15th. Finally, Wall Street Zen downgraded shares of Symbotic from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $60.71.

Symbotic Stock Performance

The business's fifty day moving average price is $57.58 and its two-hundred day moving average price is $60.82. The stock has a market capitalization of $30.88 billion, a P/E ratio of -512.75, a P/E/G ratio of 5.26 and a beta of 2.13.

Symbotic (NASDAQ:SYM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.06). Symbotic had a negative net margin of 0.45% and a negative return on equity of 1.88%. The business had revenue of $629.99 million during the quarter, compared to the consensus estimate of $622.58 million. During the same period in the previous year, the business posted ($0.03) EPS. The firm's revenue was up 29.4% on a year-over-year basis. As a group, analysts forecast that Symbotic Inc. will post 0.13 earnings per share for the current year.

Insider Activity

In other Symbotic news, Director Todd Krasnow sold 4,000 shares of the business's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $53.73, for a total transaction of $214,920.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Rollin L. Ford sold 60,000 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $57.51, for a total transaction of $3,450,600.00. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 193,492 shares of company stock worth $11,449,123. Company insiders own 8.16% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. MAI Capital Management lifted its stake in shares of Symbotic by 833.3% during the 3rd quarter. MAI Capital Management now owns 560 shares of the company's stock worth $30,000 after acquiring an additional 500 shares during the last quarter. IAG Wealth Partners LLC bought a new stake in shares of Symbotic during the second quarter worth $32,000. Parkside Financial Bank & Trust boosted its stake in shares of Symbotic by 100.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 536 shares of the company's stock valued at $32,000 after purchasing an additional 268 shares during the period. Quarry LP purchased a new stake in shares of Symbotic during the fourth quarter valued at $36,000. Finally, Parallel Advisors LLC grew its holdings 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 purchasing an additional 249 shares during the last quarter.

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.

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