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

A number of brokerages have recently commented on IRBT. StockNews.com lowered shares of iRobot from a "hold" rating to a "sell" rating in a report on Friday, May 13th. TheStreet cut shares of iRobot from a "c-" rating to a "d+" rating in a research report on Friday, August 5th. Northland Securities downgraded shares of iRobot to a "market perform" rating in a research note on Tuesday, August 9th. Citigroup upped their price target on shares of iRobot to $61.00 in a research note on Tuesday, August 9th. Finally, JPMorgan Chase & Co. cut shares of iRobot from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $65.00 to $45.00 in a research note on Friday, May 6th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $63.67.

iRobot Stock Up 0.2 %

IRBT traded up $0.10 during trading on Monday, reaching $59.81. The company had a trading volume of 71,738 shares, compared to its average volume of 613,272. iRobot has a 52 week low of $35.41 and a 52 week high of $98.86. The stock has a market cap of $1.62 billion, a P/E ratio of -32.67, a PEG ratio of 3.14 and a beta of 1.43. The business has a 50 day simple moving average of $43.92 and a 200-day simple moving average of $52.14.

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

Insider Buying and Selling

In other news, CEO Colin M. Angle sold 23,350 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 319,322 shares in the company, valued at $14,784,608.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.20% of the company's stock.