iRobot Co. (NASDAQ:IRBT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of iRobot Co. (NASDAQ:IRBT) have been assigned a consensus rating of “Hold” from the fifteen analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $72.40.

Several equities analysts have commented on IRBT shares. BidaskClub upgraded shares of iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 21st. ValuEngine upgraded shares of iRobot from a “hold” rating to a “buy” rating in a research note on Tuesday, March 3rd. Needham & Company LLC started coverage on shares of iRobot in a research note on Wednesday, April 29th. They issued a “hold” rating for the company. JPMorgan Chase & Co. upgraded shares of iRobot from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $45.00 to $65.00 in a research note on Tuesday, May 26th. Finally, Citigroup boosted their price target on shares of iRobot from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th.

In related news, EVP Glen Daniel Weinstein sold 1,253 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $60.00, for a total value of $75,180.00. Following the completion of the sale, the executive vice president now directly owns 63,746 shares of the company’s stock, valued at $3,824,760. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Andrew Miller sold 900 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $81.83, for a total transaction of $73,647.00. Following the completion of the sale, the director now directly owns 8,186 shares of the company’s stock, valued at $669,860.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,814 shares of company stock valued at $1,430,261. Insiders own 2.91% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pictet Asset Management Ltd. lifted its position in iRobot by 1.5% in the first quarter. Pictet Asset Management Ltd. now owns 1,483,399 shares of the industrial products company’s stock valued at $60,671,000 after acquiring an additional 22,328 shares during the last quarter. Invesco Ltd. raised its holdings in shares of iRobot by 3.3% in the first quarter. Invesco Ltd. now owns 958,467 shares of the industrial products company’s stock valued at $39,201,000 after buying an additional 30,490 shares during the last quarter. State Street Corp raised its holdings in shares of iRobot by 9.8% in the first quarter. State Street Corp now owns 903,023 shares of the industrial products company’s stock valued at $36,934,000 after buying an additional 80,621 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of iRobot by 0.9% in the first quarter. Baillie Gifford & Co. now owns 823,274 shares of the industrial products company’s stock valued at $33,671,000 after buying an additional 7,410 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of iRobot by 66.3% in the first quarter. Bank of New York Mellon Corp now owns 543,181 shares of the industrial products company’s stock valued at $22,217,000 after buying an additional 216,640 shares during the last quarter.

iRobot stock traded up $1.58 during trading on Tuesday, hitting $83.81. The company had a trading volume of 689,400 shares, compared to its average volume of 1,204,137. iRobot has a 1-year low of $32.79 and a 1-year high of $96.10. The company has a current ratio of 3.54, a quick ratio of 2.47 and a debt-to-equity ratio of 0.09. The company’s 50 day simple moving average is $75.38 and its 200-day simple moving average is $55.91. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 54.07, a price-to-earnings-growth ratio of 10.75 and a beta of 1.72.

iRobot (NASDAQ:IRBT) last posted its earnings results on Tuesday, April 28th. The industrial products company reported ($0.64) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.09). The company had revenue of $192.50 million during the quarter, compared to analyst estimates of $181.51 million. iRobot had a net margin of 3.82% and a return on equity of 7.23%. The firm’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. As a group, analysts forecast that iRobot will post 0.51 earnings per share for the current fiscal year.

About iRobot

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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Analyst Recommendations for iRobot (NASDAQ:IRBT)

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