Northland Securities restated their buy rating on shares of iRobot (NASDAQ:IRBT) in a research note published on Wednesday, April 24th, AnalystRatings.com reports. The brokerage currently has a $130.00 price objective on the industrial products company’s stock.
“We will update our forward estimates post earnings call scheduled for 10am EST.”,” the firm’s analyst wrote.
Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. increased their price objective on iRobot from $88.00 to $100.00 and gave the stock a neutral rating in a report on Thursday, April 18th. Zacks Investment Research lowered iRobot from a strong-buy rating to a hold rating in a research note on Wednesday, April 10th. Canaccord Genuity lowered iRobot from a buy rating to a hold rating and decreased their price target for the company from $115.00 to $114.00 in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Piper Jaffray Companies increased their price target on iRobot from $82.00 to $96.00 and gave the company a neutral rating in a research note on Thursday, February 7th. Finally, Sidoti lowered iRobot from a buy rating to a neutral rating and set a $118.00 price target for the company. in a research note on Thursday, February 21st. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. iRobot presently has an average rating of Hold and a consensus target price of $114.12.
Shares of IRBT stock opened at $96.85 on Wednesday. iRobot has a 12-month low of $60.05 and a 12-month high of $132.88. The company has a market capitalization of $2.72 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 1.24 and a beta of 1.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.22 and a quick ratio of 1.97.
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 return on equity of 17.64% and a net margin of 8.09%. The business had revenue of $237.66 million during the quarter, compared to analyst estimates of $251.40 million. During the same period in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts forecast that iRobot will post 4.12 EPS for the current fiscal year.
In other news, EVP Glen Daniel Weinstein sold 1,995 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $106.04, for a total transaction of $211,549.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Deborah G. Ellinger sold 2,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the sale, the director now owns 16,726 shares of the company’s stock, valued at approximately $2,174,380. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,897 shares of company stock valued at $11,580,646. 3.01% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in IRBT. Morgan Stanley lifted its position in shares of iRobot by 120.7% during the 3rd quarter. Morgan Stanley now owns 824,043 shares of the industrial products company’s stock valued at $90,579,000 after acquiring an additional 450,642 shares during the last quarter. Norges Bank purchased a new stake in shares of iRobot in the fourth quarter valued at $33,787,000. FMR LLC lifted its holdings in shares of iRobot by 7.3% in the fourth quarter. FMR LLC now owns 2,589,072 shares of the industrial products company’s stock valued at $216,809,000 after purchasing an additional 176,245 shares in the last quarter. Spark Investment Management LLC lifted its holdings in shares of iRobot by 159.0% in the first quarter. Spark Investment Management LLC now owns 247,100 shares of the industrial products company’s stock valued at $29,081,000 after purchasing an additional 151,700 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of iRobot by 7,807.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 141,068 shares of the industrial products company’s stock valued at $11,813,000 after purchasing an additional 139,284 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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