iRobot Co. (NASDAQ:IRBT) rose 0% during trading on Tuesday . The company traded as high as $62.40 and last traded at $61.58. Approximately 2,333,500 shares traded hands during mid-day trading, an increase of 65% from the average daily volume of 1,416,083 shares. The stock had previously closed at $61.58.
IRBT has been the subject of a number of recent analyst reports. Dougherty & Co reiterated a “neutral” rating on shares of iRobot in a report on Thursday, October 26th. Zacks Investment Research upgraded iRobot from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, October 24th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Thursday, October 26th. BidaskClub upgraded iRobot from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 18th. Finally, Sidoti upgraded iRobot from a “neutral” rating to a “buy” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. iRobot has a consensus rating of “Hold” and a consensus target price of $68.80.
The stock has a market cap of $1,790.00, a price-to-earnings ratio of 36.39, a PEG ratio of 1.05 and a beta of 0.94.
iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.29. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The company had revenue of $327.00 million during the quarter, compared to the consensus estimate of $319.02 million. During the same period in the prior year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up 53.9% compared to the same quarter last year. analysts predict that iRobot Co. will post 2.77 EPS for the current year.
In other news, CEO Colin M. Angle sold 45,200 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was 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 directly owns 534,663 shares of the company’s stock, valued at $42,805,119.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Miller sold 441 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total value of $35,328.51. Following the transaction, the director now directly owns 4,670 shares of the company’s stock, valued at $374,113.70. The disclosure for this sale can be found here. 4.49% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of IRBT. Public Employees Retirement Association of Colorado acquired a new position in shares of iRobot during the fourth quarter worth about $152,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of iRobot during the fourth quarter worth about $226,000. Flagship Harbor Advisors LLC acquired a new position in shares of iRobot during the fourth quarter worth about $236,000. Kovack Advisors Inc. acquired a new position in shares of iRobot during the fourth quarter worth about $246,000. Finally, Trexquant Investment LP acquired a new position in shares of iRobot during the third quarter worth about $287,000. 80.54% of the stock is owned by institutional investors.
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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