iRobot Co. (NASDAQ:IRBT) – Investment analysts at Piper Jaffray Companies issued their Q2 2020 earnings per share estimates for shares of iRobot in a research note issued on Monday, December 3rd. Piper Jaffray Companies analyst T. Jensen expects that the industrial products company will post earnings of $0.69 per share for the quarter. Piper Jaffray Companies currently has a “Neutral” rating and a $82.00 target price on the stock.
IRBT has been the subject of several other research reports. BidaskClub raised iRobot from a “hold” rating to a “buy” rating in a research report on Monday, November 5th. Zacks Investment Research lowered iRobot from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Needham & Company LLC raised iRobot from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Wednesday, October 24th. Sidoti raised iRobot from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 16th. Finally, Canaccord Genuity began coverage on iRobot in a research report on Monday, November 5th. They issued a “buy” rating and a $115.00 price target for the company. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $89.20.
IRBT opened at $91.71 on Wednesday. The stock has a market capitalization of $2.61 billion, a PE ratio of 51.81, a P/E/G ratio of 1.71 and a beta of 1.77. iRobot has a 1 year low of $55.77 and a 1 year high of $118.75.
iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.48 by $0.64. The business had revenue of $264.50 million during the quarter, compared to analyst estimates of $245.12 million. iRobot had a return on equity of 15.95% and a net margin of 6.52%. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share.
In other news, CFO Alison Dean sold 18,488 shares of iRobot stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $104.09, for a total value of $1,924,415.92. Following the completion of the transaction, the chief financial officer now owns 77,464 shares of the company’s stock, valued at approximately $8,063,227.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Colin M. Angle sold 63,070 shares of iRobot stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $90.10, for a total value of $5,682,607.00. Following the completion of the transaction, the chief executive officer now directly owns 516,781 shares of the company’s stock, valued at approximately $46,561,968.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,529 shares of company stock valued at $14,426,706. 4.49% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in iRobot by 74.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,556 shares of the industrial products company’s stock worth $118,000 after buying an additional 663 shares during the last quarter. Modera Wealth Management LLC purchased a new position in iRobot in the 2nd quarter worth about $227,000. Schwab Charles Investment Management Inc. raised its position in iRobot by 9.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 182,404 shares of the industrial products company’s stock worth $13,821,000 after buying an additional 15,134 shares during the last quarter. LLBH Private Wealth Management LLC purchased a new position in iRobot in the 2nd quarter worth about $231,000. Finally, Sturgeon Ventures LLP raised its position in iRobot by 6.6% in the 2nd quarter. Sturgeon Ventures LLP now owns 96,884 shares of the industrial products company’s stock worth $7,362,000 after buying an additional 5,984 shares during the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.
iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair.
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