Symbotic (NASDAQ:SYM) Earns Neutral Rating from DA Davidson

Symbotic (NASDAQ:SYM)‘s stock had its “neutral” rating reiterated by investment analysts at DA Davidson in a report released on Tuesday,Benzinga reports. They presently have a $47.00 price objective on the stock. DA Davidson’s target price suggests a potential downside of 37.84% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Symbotic in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Symbotic in a report on Wednesday, October 8th. Cantor Fitzgerald boosted their target price on shares of Symbotic from $60.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday. Northcoast Research lowered shares of Symbotic from a “buy” rating to a “neutral” rating in a report on Tuesday. Finally, Needham & Company LLC upped their price objective on Symbotic from $57.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.41.

Symbotic Stock Performance

Shares of NASDAQ SYM traded up $20.15 during mid-day trading on Tuesday, reaching $75.61. The company had a trading volume of 7,987,645 shares, compared to its average volume of 2,030,257. The stock has a market capitalization of $44.65 billion, a PE ratio of -1,079.97, a price-to-earnings-growth ratio of 9.03 and a beta of 2.10. The stock’s 50 day moving average is $64.06 and its 200-day moving average is $49.76. Symbotic has a twelve month low of $16.32 and a twelve month high of $84.00.

Symbotic (NASDAQ:SYM) last issued its quarterly earnings data on Monday, November 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $618.46 million during the quarter, compared to the consensus estimate of $604.00 million. Symbotic had a negative return on equity of 2.02% and a negative net margin of 0.38%.The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share. Symbotic has set its Q1 2026 guidance at EPS. On average, sell-side analysts anticipate that Symbotic will post 0.13 EPS for the current year.

Insiders Place Their Bets

In other Symbotic news, insider William M. Boyd III sold 11,735 shares of Symbotic stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $82.09, for a total value of $963,326.15. Following the transaction, the insider owned 26,769 shares of the company’s stock, valued at approximately $2,197,467.21. The trade was a 30.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Maria G. Freve sold 1,666 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $58.18, for a total transaction of $96,927.88. Following the sale, the insider directly owned 544 shares of the company’s stock, valued at $31,649.92. This represents a 75.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 68,160 shares of company stock valued at $4,761,942 in the last quarter. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SYM. Bank of New York Mellon Corp lifted its position in Symbotic by 35.7% during the 1st quarter. Bank of New York Mellon Corp now owns 60,554 shares of the company’s stock worth $1,224,000 after buying an additional 15,947 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Symbotic by 19.3% during the first quarter. Envestnet Asset Management Inc. now owns 22,118 shares of the company’s stock worth $447,000 after acquiring an additional 3,576 shares in the last quarter. CWM LLC grew its stake in Symbotic by 408.2% in the first quarter. CWM LLC now owns 2,602 shares of the company’s stock valued at $53,000 after purchasing an additional 2,090 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Symbotic during the 1st quarter worth approximately $1,901,000. Finally, Pinnacle Associates Ltd. bought a new stake in shares of Symbotic during the 1st quarter worth approximately $349,000.

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.