Symbotic Inc. (NASDAQ:SYM – Get Free Report) insider William M. Boyd III sold 8,825 shares of Symbotic stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $40.34, for a total value of $356,000.50. Following the sale, the insider now directly owns 23,012 shares in the company, valued at $928,304.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Symbotic Stock Down 4.2 %
NASDAQ SYM opened at $38.57 on Wednesday. The company has a market cap of $22.26 billion, a price-to-earnings ratio of -142.85 and a beta of 1.91. Symbotic Inc. has a 52 week low of $22.40 and a 52 week high of $64.14. The business has a 50 day moving average price of $43.01 and a 200-day moving average price of $44.28.
Symbotic (NASDAQ:SYM – Get Free Report) last released its quarterly earnings data on Monday, February 5th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. The firm had revenue of $368.45 million during the quarter, compared to the consensus estimate of $370.28 million. Symbotic had a negative return on equity of 35.06% and a negative net margin of 1.39%. On average, equities research analysts anticipate that Symbotic Inc. will post -0.03 earnings per share for the current year.
Institutional Investors Weigh In On Symbotic
Analysts Set New Price Targets
A number of equities analysts recently commented on SYM shares. Needham & Company LLC cut their price objective on Symbotic from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Robert W. Baird cut their price objective on Symbotic from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. DA Davidson raised Symbotic from a “neutral” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, February 7th. The Goldman Sachs Group dropped their price target on Symbotic from $51.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. Finally, Northland Securities boosted their price target on Symbotic from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Symbotic presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.
View Our Latest Research Report on SYM
Symbotic Company Profile
Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.
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