iRobot Co. (IRBT) Receives Consensus Rating of “Hold” from Analysts

iRobot Co. (NASDAQ:IRBT) has been given a consensus rating of “Hold” by the nine brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $69.33.

IRBT has been the topic of several recent analyst reports. Dougherty & Co reiterated a “neutral” rating on shares of iRobot in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, October 24th. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, October 26th. SprucePoint Capital restated a “sell” rating on shares of iRobot in a report on Thursday, September 14th. Finally, Sidoti upgraded shares of iRobot from a “neutral” rating to a “buy” rating in a report on Friday, October 27th.

In related news, Director Andrew Miller sold 441 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total value of $35,328.51. Following the transaction, the director now owns 4,670 shares in the company, valued at $374,113.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Colin M. Angle sold 45,200 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total transaction of $3,618,712.00. Following the completion of the transaction, the chief executive officer now owns 534,663 shares in the company, valued at approximately $42,805,119.78. The disclosure for this sale can be found here. Company insiders own 4.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in iRobot by 13.6% in the second quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock valued at $315,648,000 after acquiring an additional 448,157 shares in the last quarter. State Street Corp grew its position in iRobot by 46.1% in the second quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock valued at $78,353,000 after acquiring an additional 293,988 shares in the last quarter. Vanguard Group Inc. grew its position in iRobot by 9.3% in the second quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock valued at $272,776,000 after acquiring an additional 277,161 shares in the last quarter. Global X MANAGEMENT CO LLC grew its position in iRobot by 159.3% in the third quarter. Global X MANAGEMENT CO LLC now owns 133,631 shares of the industrial products company’s stock valued at $10,298,000 after acquiring an additional 82,104 shares in the last quarter. Finally, Vident Investment Advisory LLC grew its position in iRobot by 53.3% in the third quarter. Vident Investment Advisory LLC now owns 233,444 shares of the industrial products company’s stock valued at $17,989,000 after acquiring an additional 81,207 shares in the last quarter. Hedge funds and other institutional investors own 82.16% of the company’s stock.

Shares of iRobot (NASDAQ IRBT) traded up $4.40 during mid-day trading on Friday, hitting $87.19. 1,127,190 shares of the stock traded hands, compared to its average volume of 765,456. The stock has a market cap of $2,410.00, a price-to-earnings ratio of 41.32, a P/E/G ratio of 1.50 and a beta of 0.99. iRobot has a 1-year low of $52.12 and a 1-year high of $109.78.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.16. The business had revenue of $205.40 million for the quarter, compared to analyst estimates of $204.52 million. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The company’s revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 EPS. equities analysts expect that iRobot will post 1.85 earnings per share for the current year.

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iRobot Company Profile

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.

Analyst Recommendations for iRobot (NASDAQ:IRBT)

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