iRobot (IRBT) Receiving Somewhat Positive Press Coverage, Analysis Finds

News headlines about iRobot (NASDAQ:IRBT) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. iRobot earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 44.8270644144748 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern’s rankings:

Shares of iRobot (NASDAQ:IRBT) opened at $81.18 on Thursday. iRobot has a 12-month low of $52.12 and a 12-month high of $109.78. The stock has a market cap of $2,250.00, a P/E ratio of 38.47, a PEG ratio of 1.50 and a beta of 0.99.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.16. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The company had revenue of $205.40 million for the quarter, compared to analyst estimates of $204.52 million. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. equities analysts anticipate that iRobot will post 1.85 earnings per share for the current fiscal year.

IRBT has been the topic of a number of research analyst reports. Dougherty & Co reiterated a “neutral” rating on shares of iRobot in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, October 24th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research note on Thursday, October 26th. SprucePoint Capital reiterated a “sell” rating on shares of iRobot in a research note on Thursday, September 14th. Finally, Sidoti upgraded shares of iRobot from a “neutral” rating to a “buy” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $70.75.

In other news, Director Andrew Miller sold 441 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total value of $35,328.51. Following the sale, the director now owns 4,670 shares of the company’s stock, valued at $374,113.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Colin M. Angle sold 45,200 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total transaction of $3,618,712.00. Following the completion of the sale, the chief executive officer now directly owns 534,663 shares in the company, valued at approximately $42,805,119.78. The disclosure for this sale can be found here. Insiders own 4.49% of the company’s stock.

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iRobot Company Profile

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

Insider Buying and Selling by Quarter for iRobot (NASDAQ:IRBT)

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