iRobot Co. (NASDAQ:IRBT) Receives $109.36 Consensus Target Price from Analysts

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, … iRobot Corporation designs, builds, and sells robots for the consumer …

iRobot logoShares of iRobot Co. (NASDAQ:IRBT) have earned an average rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $109.36.

IRBT has been the topic of a number of analyst reports. Northland Securities reaffirmed a “buy” rating and issued a $130.00 price objective on shares of iRobot in a research report on Wednesday. JPMorgan Chase & Co. set a €8.75 ($10.17) price objective on shares of Commerzbank and gave the stock a “buy” rating in a research report on Thursday, April 18th. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Finally, Citigroup set a $95.00 price objective on shares of iRobot and gave the stock a “hold” rating in a research report on Wednesday, July 3rd.

Shares of iRobot stock opened at $91.63 on Tuesday. The stock has a 50 day moving average price of $90.27. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 3.22. iRobot has a 52-week low of $70.86 and a 52-week high of $132.88. The stock has a market cap of $2.63 billion, a P/E ratio of 29.52, a P/E/G ratio of 1.46 and a beta of 1.61.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.16. iRobot had a net margin of 8.09% and a return on equity of 17.64%. The firm had revenue of $237.66 million for the quarter, compared to the consensus estimate of $251.40 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts expect that iRobot will post 3.13 earnings per share for the current fiscal year.

In related news, Director Andrew Miller sold 878 shares of iRobot stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $91.97, for a total value of $80,749.66. Following the completion of the sale, the director now directly owns 14,199 shares in the company, valued at approximately $1,305,882.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Russell J. Campanello sold 11,159 shares of iRobot stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $95.00, for a total transaction of $1,060,105.00. Following the completion of the sale, the executive vice president now owns 28,791 shares of the company’s stock, valued at $2,735,145. The disclosure for this sale can be found here. Insiders sold a total of 23,693 shares of company stock valued at $2,156,268 over the last quarter. 3.01% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System lifted its stake in shares of iRobot by 17.1% in the 2nd quarter. New York State Teachers Retirement System now owns 45,923 shares of the industrial products company’s stock valued at $4,208,000 after purchasing an additional 6,700 shares during the period. Juncture Wealth Strategies LLC increased its holdings in iRobot by 14.3% in the 2nd quarter. Juncture Wealth Strategies LLC now owns 6,688 shares of the industrial products company’s stock worth $613,000 after acquiring an additional 836 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in iRobot by 3.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,123 shares of the industrial products company’s stock worth $1,019,000 after acquiring an additional 400 shares in the last quarter. Jackson Wealth Management LLC purchased a new stake in iRobot in the 2nd quarter worth $1,806,000. Finally, Scout Investments Inc. increased its holdings in iRobot by 65.2% in the 2nd quarter. Scout Investments Inc. now owns 68,517 shares of the industrial products company’s stock worth $6,279,000 after acquiring an additional 27,034 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.

About iRobot

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.

See Also: How is diluted EPS different from basic EPS?

Analyst Recommendations for iRobot (NASDAQ:IRBT)

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iRobot Corporation (NASDAQ:IRBT) is Under Analysts Radar as Broker Rating Hits 237

iRobot Corporation (NASDAQ:IRBT) currently has an Average Broker Rating of 2.75. The ABR rank within the industry stands at 237. This number is …

iRobot Corporation (NASDAQ:IRBT) currently has an Average Broker Rating of 2.75. The ABR rank within the industry stands at 237. This number is based on the 8 sell-side firms polled by Zacks.

Each brokerage research report carries with it some form of recommendation. The brokerage firms may use different lingo for their rating systems (like saying Outperform instead of Buy), but they can all be properly sorted into our 5 level classification system that is now the industry standard. Each of the 5 classifications has a value associated with it to help compute the ABR.

As the name implies the ABR will show you the Average of Brokerage Recommendations on a given stock. The benefit is that you quickly get a snapshot of where Wall Street stands on a stock without having to read a mountain of research reports.

Broker recommendations are made by brokerage firms (for example, JP Morgan) and are not an outright recommendation to buy or sell a share, but instead give an indication of how the broker thinks the company will perform relative to its sector. Their recommendations are issued over a particular period of time. The recommendations provided in the Research Centre are shown on a 75 day rolling basis. Each brokerage firm has its own way of rating that may make it difficult to compare broker recommendations between the brokerage houses.

For example, at one brokerage “buy” may be the strongest recommendation, while at another “buy” could be second to a “strong buy” rating. The second-highest ratings also have a number of different other names: “accumulate”, “outperform”, “moderate buy” or “overweight”.

Analysts on a consensus basis are expecting that the stock will reach $91.83 within the year.

Investors may be looking closely at current stock market levels as we move towards the closing stages of the year. Investors might be reviewing current holdings to see if there are any changes that need to be made. Even when things are going good with equities, it may be wise to regularly check the portfolio to make sure that everything is still balanced properly. Being prepared for various market conditions may be a great help to the investor when the winds of change eventually blow in.

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Research analysts are predicting that iRobot Corporation (NASDAQ:IRBT) will report earnings of $0.58 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

iRobot Corporation (NASDAQ:IRBT) closed the last session at $69.19 and sees an average of 1362670.75 shares trade hands in each session. The 52-week low of the stock stands at $67.91 while the current level stands at 2.04% of the 52-week High-Low range. Looking further out we can see that the stock has moved -26.17% over the past 12 weeks and -17.38% year to date.

Most recently iRobot Corporation (NASDAQ:IRBT) posted quarterly earnings of $0.25 which compared to the sell-side estimates of 0.03. The stock’s 12-month trailing earnings per share stands at $3.17. Shares have moved $-23.37 over the past month and more recently, $-3.07 over the past week heading into the earnings announcement. There are 5 analyst projections that were taken into consideration from respected brokerage firms.

Traders may already have a favorite method for applying technical analysis. Active traders are typically concerned with shorter-term price movements when trading shares. Entry and exit points tend to be way more important for traders who are looking to capitalize on stock market trends. Some traders may opt to only use technical analysis when picking stocks, while others will also incorporate company fundamentals when doing research. Of course, there is no one foolproof method for trading the markets. Many technical investors will still opt to familiarize themselves with the fundamentals before diving deeper into the technical signals. Longer-term investors might not be as concerned with day to day price fluctuations while short-term traders may not want to miss out on any significant price swings. Whatever trading strategy is applied, investors may still want to try to get a sense of the overall picture before making the trade.

1 analysts rate iRobot Corporation a Buy or Strong Buy, which is 12.5% of all the analyst ratings.

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Shares in Focus: iRobot Corporation (NASDAQ:IRBT)

Taking a quick look at the historical performance of iRobot Corporation (NASDAQ:IRBT) shares, we have noted that the stock price for the previous …

Taking a quick look at the historical performance of iRobot Corporation (NASDAQ:IRBT) shares, we have noted that the stock price for the previous week is -3.11%. Looking back over the past month, company shares are -25.04%. For the past quarter, shares have performed -28.61%. Going further back to the beginning of the calendar year, company shares are -19.18%. If we scroll back to the full year reading, shares have performed -21.76%. Investors may be trying to decide if it is a good time to get into a particular stock, or whether to exit a position that has turned sour. Whatever the case, outperforming the market is on the minds of many dedicated equity market enthusiasts.

Investors may be wondering what’s in store for the next few months in terms of the equity market. Many investors may be hesitant to get into the mix with markets still trading at such high levels. Sometimes, the fear of missing out on the next big run will cause investors to make hasty decisions. Taking the time to do the full research can help offset the jitters associated with picking stocks. Finding stocks that still have room to head higher can be tricky, but there are still plenty of them out there. Although nobody can say for certain which way the market will trend into the New Year, investors should be on the lookout for opportunities that may present themselves over the next quarter. All eyes will be focused on company earnings when the next round of earnings reports begins.

Shares of iRobot Corporation (NASDAQ:IRBT) have been recently spotted trading -49.07% off of the 52-week high price. On the other end, company shares have been noted 2.07% away from the low price over the last 52-weeks. Switching over to some distances from popular moving averages, we see that the stock has been recorded -30.41% away from the 200 day moving average. Moving closer, we can see that shares have been trading -14.95% off of the 20-day moving average. Investors may be closely following the current stock price in relation to moving averages. This may assist with figuring out if a breakout or reversal could be in the cards. Knowing when to ride the surge rather than stay on the sidelines, can be a difficult decision even for veteran investors.

Focusing on some other company information, we can see that iRobot Corporation (NASDAQ:IRBT) has a beta of 1.56. Beta indicates the tendency of a stock’s returns to respond to market swings. A beta of 1 indicates that the stock price moves with the market. A beta under 1 indicates that the stock is less volatile than the market in theory. A beta value over one would indicate the opposite. In terms of volatility, shares have been noted at 3.14% for the week, and 3.66% for the past month. Investors often keep a close eye on any irregular stock volume. Traders and technical analysts have the ability to use volume to help measure the strength of a particular move. Investors may also view volume levels when the stock price is nearing significant support or resistance levels, in order to confirm a breakout in either direction.

We can now shift our focus to some alternate company data on shares of iRobot Corporation (NASDAQ:IRBT). The stock has a current ATR of 3.23. When applying indicators for technical analysis, traders and investors may choose to examine the ATR or average true range. The ATR measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move. As we move into the second half of the year, investors may be looking to jumpstart their portfolios. Many equity investors may be wondering if the stock markets will find renewed energy and continue higher, or if a major correction is on the horizon.

Investing in the stock market can sometimes be a wild ride. Without the proper planning and research, investors may quickly find themselves on the outside looking in. Doing the research and studying the market can be helpful, but creating a trading or investing plan may be the most important part of the process. When the back testing and practice is completed, the real challenge awaits. The practice and preparation can be very helpful for understanding the market, but when real money gets put on the line, it can be a whole different ballgame. The more successful traders and investors are the ones who are able to stay focused and disciplined even throughout turbulent market situations.

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iRobot Corporation (NASDAQ:IRBT): Earnings Expected To Remain Subdued

As iRobot Corporation (NASDAQ:IRBT) announced its recent earnings release on 29 June 2019, analyst consensus outlook appear bearish, as a …

As iRobot Corporation (NASDAQ:IRBT) announced its recent earnings release on 29 June 2019, analyst consensus outlook appear bearish, as a 1.8% fall in profits is expected in the upcoming year relative to the past 5-year average growth rate of 21%. Currently with a trailing-twelve-month profit of US$88m, the consensus growth rate suggests that earnings will drop to US$86m by 2020. Below is a brief commentary on the longer term outlook the market has for iRobot. For those keen to understand more about other aspects of the company, you can research its fundamentals here.

View our latest analysis for iRobot

How is iRobot going to perform in the near future?

The 8 analysts covering IRBT view its longer term outlook with a positive sentiment. Given that it becomes hard to forecast far into the future, broker analysts tend to project ahead roughly three years. To reduce the year-on-year volatility of analyst earnings forecast, I’ve inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line.

NasdaqGS:IRBT Past and Future Earnings, August 10th 2019
NasdaqGS:IRBT Past and Future Earnings, August 10th 2019

This results in an annual growth rate of 16% based on the most recent earnings level of US$88m to the final forecast of US$123m by 2022. EPS reaches $3.86 in the final year of forecast compared to the current $3.18 EPS today. Margins are currently sitting at 8.1%, approximately the same as previous years. With analysts forecasting revenue growth of 0.38745 and IRBT’s net income growth expected to roughly track that, this company may add value for shareholders over time.

Next Steps:

Future outlook is only one aspect when you’re building an investment case for a stock. For iRobot, I’ve put together three relevant aspects you should further research:

  1. Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
  2. Valuation: What is iRobot worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether iRobot is currently mispriced by the market.
  3. Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of iRobot? Explore our interactive list of stocks with large growth potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.

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Scout Investments Inc. Buys 27034 Shares of iRobot Co. (NASDAQ:IRBT)

Scout Investments Inc. lifted its position in shares of iRobot Co. (NASDAQ:IRBT) by 65.2% during the second quarter, according to its most recent …

iRobot logoScout Investments Inc. lifted its position in shares of iRobot Co. (NASDAQ:IRBT) by 65.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,517 shares of the industrial products company’s stock after purchasing an additional 27,034 shares during the quarter. Scout Investments Inc. owned 0.24% of iRobot worth $6,279,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. California State Teachers Retirement System grew its stake in shares of iRobot by 3.4% in the fourth quarter. California State Teachers Retirement System now owns 42,208 shares of the industrial products company’s stock valued at $3,534,000 after buying an additional 1,370 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of iRobot by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 230,688 shares of the industrial products company’s stock valued at $19,318,000 after buying an additional 3,456 shares in the last quarter. Bank of America Corp DE grew its stake in shares of iRobot by 149.5% in the fourth quarter. Bank of America Corp DE now owns 58,087 shares of the industrial products company’s stock valued at $4,865,000 after buying an additional 34,803 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of iRobot in the fourth quarter valued at $1,674,000. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of iRobot by 375.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,783 shares of the industrial products company’s stock valued at $735,000 after buying an additional 6,935 shares in the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

In related news, CEO Colin M. Angle sold 11,486 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $87.07, for a total value of $1,000,086.02. Following the completion of the transaction, the chief executive officer now owns 402,368 shares of the company’s stock, valued at $35,034,181.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Russell J. Campanello sold 11,159 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $95.00, for a total value of $1,060,105.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at approximately $2,735,145. The disclosure for this sale can be found here. Insiders have sold 23,693 shares of company stock valued at $2,156,268 in the last three months. Insiders own 3.01% of the company’s stock.

Shares of iRobot stock opened at $67.68 on Friday. iRobot Co. has a 1 year low of $66.31 and a 1 year high of $132.88. The company has a quick ratio of 1.90, a current ratio of 3.15 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.90 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 1.69 and a beta of 1.53. The firm’s fifty day simple moving average is $84.24.

iRobot (NASDAQ:IRBT) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.22. iRobot had a return on equity of 16.06% and a net margin of 7.57%. The company had revenue of $260.17 million during the quarter, compared to the consensus estimate of $267.96 million. During the same quarter last year, the firm earned $0.37 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts expect that iRobot Co. will post 2.73 EPS for the current year.

Several research firms recently weighed in on IRBT. Piper Jaffray Companies decreased their target price on shares of iRobot from $96.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. ValuEngine downgraded iRobot from a “hold” rating to a “sell” rating in a report on Friday, July 26th. Citigroup set a $95.00 price target on iRobot and gave the company a “hold” rating in a report on Wednesday, July 3rd. BidaskClub downgraded iRobot from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Finally, Canaccord Genuity cut their price target on iRobot from $114.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $98.73.

About iRobot

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.

Read More: Holder of Record

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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