Northland Securities initiated coverage on shares of iRobot (NASDAQ:IRBT) in a report released on Friday morning, Stock Target Advisor reports. The firm issued a buy rating and a $81.00 target price on the industrial products company’s stock.
IRBT has been the topic of several other research reports. Citigroup dropped their price objective on iRobot from $85.00 to $55.00 and set a neutral rating on the stock in a research note on Thursday, October 24th. Needham & Company LLC reissued a hold rating on shares of iRobot in a research note on Wednesday, October 23rd. Bank of America downgraded iRobot from a buy rating to a neutral rating and lowered their price target for the stock from $70.00 to $50.00 in a report on Thursday, October 24th. Raymond James downgraded iRobot from a market perform rating to an underperform rating in a report on Wednesday, October 9th. Finally, TheStreet downgraded shares of iRobot from a b- rating to a c+ rating in a report on Friday, October 4th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $72.99.
Shares of NASDAQ:IRBT opened at $45.34 on Friday. iRobot has a 52 week low of $42.41 and a 52 week high of $132.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 2.98. The company has a market capitalization of $1.28 billion, a PE ratio of 10.40, a PEG ratio of 1.13 and a beta of 1.47. The company has a 50 day moving average price of $48.19 and a two-hundred day moving average price of $68.52.
iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.70. iRobot had a net margin of 7.72% and a return on equity of 15.85%. The company had revenue of $289.40 million for the quarter, compared to analysts’ expectations of $259.31 million. During the same period last year, the firm posted $1.12 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts forecast that iRobot will post 2.67 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in IRBT. Invesco Ltd. grew its position in iRobot by 1,217.3% in the second quarter. Invesco Ltd. now owns 952,798 shares of the industrial products company’s stock valued at $87,314,000 after purchasing an additional 880,468 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of iRobot by 63.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 951,396 shares of the industrial products company’s stock worth $58,673,000 after buying an additional 369,466 shares during the last quarter. BlackRock Inc. boosted its stake in shares of iRobot by 6.7% during the 2nd quarter. BlackRock Inc. now owns 4,285,781 shares of the industrial products company’s stock worth $392,747,000 after buying an additional 267,663 shares during the last quarter. Atria Investments LLC bought a new position in shares of iRobot in the 2nd quarter valued at about $45,932,000. Finally, Nuveen Asset Management LLC bought a new position in shares of iRobot in the 2nd quarter valued at about $12,892,000.
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 stairs.
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