iRobot Corp. (NASDAQ:IRBT)‘s stock had its “hold” rating reiterated by investment analysts at Needham & Company LLC in a report issued on Friday.
IRBT has been the subject of several other research reports. Zacks Investment Research upgraded iRobot Corp. from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, October 27th. Benchmark Co. boosted their target price on iRobot Corp. from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, October 17th. Dougherty & Co assumed coverage on iRobot Corp. in a research note on Thursday, November 17th. They set a “buy” rating and a $65.00 target price for the company. JPMorgan Chase & Co. set a $44.00 target price on iRobot Corp. and gave the stock a “sell” rating in a research note on Friday, November 11th. Finally, Sidoti assumed coverage on iRobot Corp. in a research note on Monday, November 14th. They set a “neutral” rating and a $56.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $49.20.
Shares of iRobot Corp. (NASDAQ:IRBT) traded up 0.58% during trading on Friday, reaching $55.09. 158,922 shares of the company traded hands. The stock’s 50 day moving average is $48.52 and its 200 day moving average is $41.13. iRobot Corp. has a 1-year low of $28.02 and a 1-year high of $55.76. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 33.27 and a beta of 1.16.
iRobot Corp. (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.27. The business earned $168.61 million during the quarter, compared to analysts’ expectations of $156.96 million. iRobot Corp. had a return on equity of 12.40% and a net margin of 7.27%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. On average, analysts forecast that iRobot Corp. will post $1.41 EPS for the current year.
In other news, EVP Russell J. Campanello sold 800 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $40.00, for a total value of $32,000.00. Following the transaction, the executive vice president now owns 68,420 shares of the company’s stock, valued at $2,736,800. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Glen Daniel Weinstein sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $42.50, for a total value of $85,000.00. Following the completion of the transaction, the executive vice president now directly owns 67,589 shares in the company, valued at approximately $2,872,532.50. The disclosure for this sale can be found here. 5.53% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its position in iRobot Corp. by 6.9% in the second quarter. BNP Paribas Arbitrage SA now owns 27,948 shares of the company’s stock worth $980,000 after buying an additional 1,807 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in iRobot Corp. during the second quarter worth about $709,000. Ameriprise Financial Inc. raised its position in iRobot Corp. by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 167,476 shares of the company’s stock worth $5,875,000 after buying an additional 1,784 shares during the last quarter. Capital Fund Management S.A. bought a new position in iRobot Corp. during the second quarter worth about $333,000. Finally, TrimTabs Asset Management LLC acquired a new position in shares of iRobot Corp. during the second quarter worth $1,414,000. 81.00% of the stock is currently owned by institutional investors and hedge funds.
About iRobot Corp.