Shares of iRobot Co. (NASDAQ:IRBT) have been given a consensus recommendation of “Hold” by the fourteen analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $65.50.
A number of brokerages have weighed in on IRBT. ValuEngine upgraded iRobot from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Needham & Company LLC restated a “hold” rating on shares of iRobot in a research note on Wednesday, October 23rd. Canaccord Genuity reduced their price objective on iRobot from $65.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, October 24th. Dougherty & Co restated a “neutral” rating on shares of iRobot in a research report on Thursday, July 25th. Finally, Northland Securities reiterated a “buy” rating and set a $105.00 price objective on shares of iRobot in a report on Thursday, July 25th.
NASDAQ IRBT traded up $1.55 on Monday, reaching $46.68. The stock had a trading volume of 1,218,400 shares, compared to its average volume of 1,008,135. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 2.98. iRobot has a 12-month low of $44.00 and a 12-month high of $132.88. The business’s 50-day moving average price is $53.77 and its 200 day moving average price is $74.02. The stock has a market cap of $1.27 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51.
iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.70. iRobot had a return on equity of 15.85% and a net margin of 7.72%. The company had revenue of $289.40 million during the quarter, compared to analysts’ expectations of $259.31 million. During the same quarter in the previous year, the business earned $1.12 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that iRobot will post 2.67 earnings per share for the current year.
In other news, Director Mohamad Ali sold 780 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $61.11, for a total value of $47,665.80. Following the transaction, the director now owns 12,634 shares of the company’s stock, valued at approximately $772,063.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.01% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan grew its holdings in shares of iRobot by 1.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,310 shares of the industrial products company’s stock valued at $762,000 after purchasing an additional 140 shares during the last quarter. Tyers Asset Management LLC grew its holdings in iRobot by 4.5% in the 2nd quarter. Tyers Asset Management LLC now owns 3,564 shares of the industrial products company’s stock worth $327,000 after acquiring an additional 154 shares during the last quarter. Aperio Group LLC grew its holdings in iRobot by 1.5% in the 2nd quarter. Aperio Group LLC now owns 10,938 shares of the industrial products company’s stock worth $1,002,000 after acquiring an additional 163 shares during the last quarter. Private Advisor Group LLC grew its holdings in iRobot by 2.9% in the 2nd quarter. Private Advisor Group LLC now owns 6,322 shares of the industrial products company’s stock worth $579,000 after acquiring an additional 177 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in iRobot by 1.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,547 shares of the industrial products company’s stock worth $874,000 after acquiring an additional 179 shares during the last quarter.
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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