News articles about iRobot (NASDAQ:IRBT) have trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. iRobot earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 45.3440181553032 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- The Best Cyber Monday Roomba Robot Vacuum Deals of 2017: Deal Tomato Shares Top iRobot Cleaner Deals (markets.financialcontent.com)
- IRobot Stock Falls On Holiday Discounting Concerns (finance.yahoo.com)
- How To Make Invest With- iRobot Corporation (NASDAQ:IRBT) a Appliances Company – The Stock Street (press release) (thestreetpoint.com)
- iRobot Corp. (IRBT) Holiday Promo for Roombas Not Out Of The Ordinary, Should End 2017 on a Strong Note – Needham – StreetInsider.com (streetinsider.com)
- Dundee Sustainable Technologies Inc. Closes $500,000 Non-Brokered Private Placement Financing (streetinsider.com)
Shares of iRobot (NASDAQ IRBT) traded down $0.13 during trading hours on Friday, hitting $68.37. The stock had a trading volume of 367,516 shares, compared to its average volume of 919,141. iRobot has a twelve month low of $52.12 and a twelve month high of $109.78. The stock has a market capitalization of $1,905.81, a P/E ratio of 36.37, a P/E/G ratio of 1.85 and a beta of 1.00.
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 business had revenue of $205.40 million for the quarter, compared to the consensus estimate of $204.52 million. During the same period in the prior year, the business earned $0.70 earnings per share. The business’s revenue was up 21.8% on a year-over-year basis. research analysts predict that iRobot will post 1.85 earnings per share for the current fiscal year.
IRBT has been the topic of a number of analyst reports. Zacks Investment Research downgraded iRobot from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Sidoti upgraded iRobot from a “neutral” rating to a “buy” rating in a research note on Friday, October 27th. Piper Jaffray Companies decreased their price target on iRobot to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 25th. Canaccord Genuity reiterated a “hold” rating and set a $65.00 target price (down from $95.00) on shares of iRobot in a research report on Thursday, October 26th. Finally, SprucePoint Capital reiterated a “sell” rating on shares of iRobot in a research report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. iRobot has an average rating of “Hold” and a consensus target price of $69.67.
In related news, Director Ronald Chwang sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $92.71, for a total value of $927,100.00. Following the completion of the transaction, the director now directly owns 12,630 shares in the company, valued at $1,170,927.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alison Dean sold 33,809 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total value of $3,380,900.00. Following the completion of the transaction, the chief financial officer now owns 82,609 shares of the company’s stock, valued at $8,260,900. The disclosure for this sale can be found here. Insiders sold 44,537 shares of company stock valued at $4,380,800 over the last quarter. Insiders own 4.49% of the company’s stock.
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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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