iRobot - IRBT Stock Forecast, Price & News

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services. It also provides H1 Handheld Vacuum, a portable vacuum; H1 Handheld Vacuum accessories comprising filters, chargers, batteries, and an extension kit that converts the H1 Handheld Vacuum into a stick vacuum; air purifiers under the Aeris brand; Root robots to help children learn how to code; and Create 2, a mobile robot platform that offers an opportunity for educators, developers, and high-school and college students to program behaviors, sounds, movements, and add additional electronics, as well as sells filters and fabric covers. The company sells its products through chain stores and other national retailers, distributors, and resellers, as well as through its website and app, and e-commerce websites. iRobot Corporation was incorporated in 1990 and is headquartered in Bedford, Massachusetts.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on IRBT shares. JPMorgan Chase & Co. downgraded iRobot from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $65.00 to $45.00 in a report on Friday, May 6th. StockNews.com lowered shares of iRobot from a "hold" rating to a "sell" rating in a research note on Friday, May 13th. TheStreet lowered shares of iRobot from a "c-" rating to a "d+" rating in a report on Friday, August 5th. Citigroup upped their target price on shares of iRobot to $61.00 in a research note on Tuesday. Finally, Northland Securities downgraded shares of iRobot to a "market perform" rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat.com, iRobot currently has an average rating of "Hold" and an average price target of $63.67.

iRobot Price Performance

Shares of NASDAQ:IRBT traded down $0.16 during trading hours on Friday, hitting $59.71. The company's stock had a trading volume of 1,647,527 shares, compared to its average volume of 1,535,982. The firm's fifty day moving average price is $43.92 and its 200 day moving average price is $52.25. iRobot has a 52 week low of $35.41 and a 52 week high of $98.86. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -32.63, a P/E/G ratio of 3.15 and a beta of 1.43.

iRobot (NASDAQ:IRBT - Get Rating) last issued its quarterly earnings data on Friday, August 5th. The industrial products company reported ($0.35) EPS for the quarter, topping analysts' consensus estimates of ($1.55) by $1.20. The company had revenue of $255.35 million during the quarter, compared to the consensus estimate of $303.06 million. iRobot had a negative net margin of 3.33% and a negative return on equity of 4.19%. iRobot's revenue for the quarter was down 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. On average, equities research analysts predict that iRobot will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other iRobot news, CEO Colin M. Angle sold 23,350 shares of iRobot stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $46.30, for a total value of $1,081,105.00. Following the transaction, the chief executive officer now owns 319,322 shares in the company, valued at $14,784,608.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.