BidaskClub lowered shares of iRobot (NASDAQ:IRBT) from a strong-buy rating to a buy rating in a report released on Tuesday morning.
Several other brokerages also recently issued reports on IRBT. SprucePoint Capital reiterated a sell rating on shares of iRobot in a research report on Thursday, September 14th. Zacks Investment Research upgraded iRobot from a hold rating to a buy rating and set a $85.00 price objective for the company in a research report on Tuesday, October 17th. Piper Jaffray Companies cut their price objective on iRobot to $69.00 and set a neutral rating for the company in a research report on Wednesday, October 25th. Citigroup assumed coverage on iRobot in a research report on Monday, December 4th. They issued a neutral rating and a $74.00 price objective for the company. Finally, Needham & Company LLC reiterated a hold rating on shares of iRobot in a research report on Thursday, October 26th. One research 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 company presently has an average rating of Hold and an average target price of $70.75.
Shares of iRobot (NASDAQ:IRBT) traded up $4.40 on Tuesday, reaching $87.19. The company’s stock had a trading volume of 1,127,175 shares, compared to its average volume of 938,755. iRobot has a 52-week low of $52.12 and a 52-week high of $109.78. The company has a market cap of $2,410.00, a P/E ratio of 41.32, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99.
iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.16. iRobot had a return on equity of 12.79% and a net margin of 7.80%. The firm had revenue of $205.40 million during the quarter, compared to the consensus estimate of $204.52 million. During the same quarter in the previous year, the company posted $0.70 EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. sell-side analysts expect that iRobot will post 1.85 earnings per share for the current fiscal year.
In other news, Director Andrew Miller sold 441 shares of the business’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total transaction of $35,328.51. Following the completion of the sale, the director now owns 4,670 shares in the company, valued at $374,113.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Colin M. Angle sold 45,200 shares of the business’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $80.06, for a total value of $3,618,712.00. Following the sale, the chief executive officer now owns 534,663 shares of the company’s stock, 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.
Several hedge funds have recently added to or reduced their stakes in IRBT. BlackRock Inc. grew its stake in shares of iRobot by 13.6% during the second quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock worth $315,648,000 after purchasing an additional 448,157 shares during the period. Vanguard Group Inc. grew its stake in shares of iRobot by 9.3% during the second quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock worth $272,776,000 after purchasing an additional 277,161 shares during the period. State Street Corp grew its stake in shares of iRobot by 46.1% during the second quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock worth $78,353,000 after purchasing an additional 293,988 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of iRobot by 7.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 546,907 shares of the industrial products company’s stock worth $46,017,000 after purchasing an additional 37,810 shares during the period. Finally, Pictet Asset Management Ltd. grew its stake in shares of iRobot by 1.1% during the third quarter. Pictet Asset Management Ltd. now owns 529,204 shares of the industrial products company’s stock worth $40,780,000 after purchasing an additional 5,507 shares during the period. Institutional investors own 82.16% 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.
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