iRobot Corporation (NASDAQ:IRBT) had its price objective hoisted by Piper Jaffray Companies to $92.00 in a research report report published on Wednesday morning. They currently have a neutral rating on the industrial products company’s stock. The analysts noted that the move was a valuation call.
Several other research analysts also recently commented on IRBT. Zacks Investment Research raised iRobot Corporation from a sell rating to a hold rating in a research note on Wednesday, April 12th. Dougherty & Co downgraded iRobot Corporation from a buy rating to a neutral rating in a research note on Monday, July 3rd. Canaccord Genuity downgraded iRobot Corporation from a buy rating to a hold rating and set a $90.00 price objective on the stock. in a research note on Wednesday, May 31st. They noted that the move was a valuation call. Needham & Company LLC reaffirmed a hold rating on shares of iRobot Corporation in a research note on Saturday, April 22nd. Finally, BidaskClub downgraded iRobot Corporation from a strong-buy rating to a buy rating in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. iRobot Corporation currently has an average rating of Hold and an average target price of $69.63.
iRobot Corporation (IRBT) traded down 1.17% on Wednesday, reaching $105.24. The company’s stock had a trading volume of 2,344,904 shares. The stock has a market cap of $2.89 billion, a P/E ratio of 54.11 and a beta of 1.13. The stock has a 50-day moving average of $91.73 and a 200-day moving average of $74.87. iRobot Corporation has a one year low of $37.28 and a one year high of $109.40.
iRobot Corporation (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, topping the consensus estimate of ($0.28) by $0.55. iRobot Corporation had a return on equity of 14.40% and a net margin of 7.84%. The firm had revenue of $183.14 million for the quarter, compared to the consensus estimate of $174.65 million. During the same quarter last year, the company earned $0.17 earnings per share. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, analysts predict that iRobot Corporation will post $1.67 EPS for the current fiscal year.
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In related news, Director Andrea Geisser sold 3,000 shares of the stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $84.78, for a total transaction of $254,340.00. Following the completion of the sale, the director now owns 46,266 shares in the company, valued at $3,922,431.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alison Dean sold 17,646 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $90.00, for a total value of $1,588,140.00. Following the sale, the chief financial officer now owns 82,080 shares of the company’s stock, valued at approximately $7,387,200. The disclosure for this sale can be found here. Insiders have sold 126,532 shares of company stock valued at $12,113,681 in the last quarter. 4.49% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Creative Planning boosted its stake in iRobot Corporation by 14.0% in the second quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock valued at $111,000 after buying an additional 162 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in iRobot Corporation by 16.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock valued at $132,000 after buying an additional 277 shares in the last quarter. NEXT Financial Group Inc boosted its position in iRobot Corporation by 14.0% in the first quarter. NEXT Financial Group Inc now owns 1,780 shares of the industrial products company’s stock valued at $142,000 after buying an additional 219 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in iRobot Corporation during the first quarter valued at $153,000. Finally, LS Investment Advisors LLC boosted its position in iRobot Corporation by 151.1% in the first quarter. LS Investment Advisors LLC now owns 2,601 shares of the industrial products company’s stock valued at $172,000 after buying an additional 1,565 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.
About iRobot Corporation
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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