Shares 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.
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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