Todays Report: The iRobot Corp. (IRBT) PT Raised to $52.00

The iRobot Corp. (IRBT) PT Raised to $52.00

iRobot Corp. (NASDAQ:IRBT) had its price target upped by stock analysts at Needham & Company LLC from $46.00 to $52.00 in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 4.90% from the stock’s previous close.

A number of other analysts have also commented on IRBT. Canaccord Genuity reissued a “buy” rating and issued a $45.00 target price on shares of iRobot Corp. in a report on Wednesday, August 10th. Benchmark Co. lifted their target price on iRobot Corp. from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, October 17th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $43.13.

Shares of iRobot Corp. (NASDAQ:IRBT) opened at 49.57 on Thursday. iRobot Corp. has a one year low of $28.02 and a one year high of $50.84. The company’s 50-day moving average price is $43.37 and its 200-day moving average price is $39.06. The stock has a market cap of $1.35 billion, a PE ratio of 29.93 and a beta of 1.59.

iRobot Corp. (NASDAQ:IRBT) last posted its earnings results on Tuesday, October 25th. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.27. The business earned $168.61 million during the quarter, compared to analyst estimates of $156.96 million. iRobot Corp. had a return on equity of 12.40% and a net margin of 7.27%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. Equities research analysts anticipate that iRobot Corp. will post $1.40 earnings per share for the current year.

In other iRobot Corp. news, EVP Glen Daniel Weinstein sold 1,000 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the sale, the executive vice president now owns 70,481 shares of the company’s stock, valued at $2,819,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Russell J. Campanello sold 800 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $40.00, for a total value of $32,000.00. Following the sale, the executive vice president now directly owns 68,420 shares of the company’s stock, valued at approximately $2,736,800. The disclosure for this sale can be found here. Company insiders own 5.53% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in iRobot Corp. by 49.2% in the second quarter. BlackRock Inc. now owns 3,168 shares of the company’s stock valued at $112,000 after buying an additional 1,045 shares in the last quarter. Teacher Retirement System of Texas raised its stake in iRobot Corp. by 10.7% in the second quarter. Teacher Retirement System of Texas now owns 3,753 shares of the company’s stock valued at $132,000 after buying an additional 364 shares in the last quarter. Royal Bank of Canada raised its stake in iRobot Corp. by 116.6% in the second quarter. Royal Bank of Canada now owns 5,084 shares of the company’s stock valued at $178,000 after buying an additional 2,737 shares in the last quarter. Mason Street Advisors LLC bought a new stake in iRobot Corp. during the second quarter valued at about $188,000. Finally, Profund Advisors LLC raised its stake in iRobot Corp. by 2.3% in the second quarter. Profund Advisors LLC now owns 6,703 shares of the company’s stock valued at $235,000 after buying an additional 153 shares in the last quarter. 77.25% of the stock is owned by institutional investors and hedge funds.

iRobot Corp. Company Profile

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