iRobot’s (IRBT) Buy Rating Reaffirmed at Northland Securities

Northland Securities restated their buy rating on shares of iRobot … Piper Jaffray Companies increased their price target on iRobot from $82.00 to …

iRobot Co. logoNorthland 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.

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.

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Analyst Recommendations for iRobot (NASDAQ:IRBT)

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LogMeIn (NASDAQ:LOGM) Earns “Buy” Rating from Northland Securities

Kohlberg Kravis Roberts & Co. L.P. lifted its stake in LogMeIn by 272.7% during the fourth quarter. Kohlberg Kravis Roberts & Co. L.P. now owns …

LogMeIn Inc logoNorthland Securities restated their buy rating on shares of LogMeIn (NASDAQ:LOGM) in a research note issued to investors on Friday, April 26th, AnalystRatings.com reports. The brokerage currently has a $125.00 target price on the software maker’s stock.

“We think this is key to getting the company back to double digit growth and will be the fundamental driver to shares. Key Points Q1 Results: Q1 revenue came in at $308.1mn above consensus $306mn with earnings of $1.17 also above consensus $1.14. Adjusted EBITDA above expectations, posting $96.8mn (31.4% margin) vs. consensus $95mn. Adjusted cash flow from operations was $119.7mn, or 38.8% margin vs consensus $127mn or 41.5% margin. Deferred revenues were up 45% to $402.3mn.”,” the firm’s analyst commented.

A number of other brokerages also recently commented on LOGM. Zacks Investment Research downgraded LogMeIn from a hold rating to a sell rating in a research report on Tuesday, April 23rd. Barclays downgraded LogMeIn from an overweight rating to an underweight rating and lowered their price target for the company from $104.00 to $74.00 in a research report on Friday, April 12th. BidaskClub raised LogMeIn from a hold rating to a buy rating in a research report on Thursday, April 4th. ValuEngine cut LogMeIn from a hold rating to a sell rating in a research note on Monday, April 1st. Finally, Mizuho initiated coverage on LogMeIn in a research note on Wednesday, March 13th. They set a neutral rating and a $88.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $95.50.

LOGM opened at $82.19 on Friday. The stock has a market capitalization of $4.09 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.70 and a beta of 1.02. The company has a current ratio of 0.53, a quick ratio of 0.63 and a debt-to-equity ratio of 0.07. LogMeIn has a one year low of $74.87 and a one year high of $118.80.

LogMeIn (NASDAQ:LOGM) last released its quarterly earnings results on Thursday, April 25th. The software maker reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.27. The firm had revenue of $307.70 million for the quarter, compared to the consensus estimate of $305.57 million. LogMeIn had a return on equity of 7.68% and a net margin of 2.89%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 EPS. On average, research analysts expect that LogMeIn will post 3.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Wednesday, May 8th will be issued a dividend of $0.325 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.30 annualized dividend and a dividend yield of 1.58%. LogMeIn’s dividend payout ratio is 28.57%.

In other news, Director Michael K. Simon sold 22,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $81.17, for a total value of $1,826,325.00. Following the sale, the director now directly owns 547,074 shares of the company’s stock, valued at $44,405,996.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kohlberg Kravis Roberts & Co. L.P. lifted its stake in LogMeIn by 272.7% during the fourth quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 813,676 shares of the software maker’s stock worth $66,372,000 after purchasing an additional 595,331 shares during the period. Norges Bank acquired a new position in shares of LogMeIn in the 4th quarter valued at $37,914,000. Epoch Investment Partners Inc. grew its holdings in shares of LogMeIn by 51.1% in the 4th quarter. Epoch Investment Partners Inc. now owns 1,106,383 shares of the software maker’s stock valued at $90,248,000 after buying an additional 374,020 shares during the period. Park West Asset Management LLC acquired a new position in shares of LogMeIn in the 4th quarter valued at $29,365,000. Finally, TD Asset Management Inc. acquired a new position in shares of LogMeIn in the 4th quarter valued at $20,182,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

About LogMeIn

LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.

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Analyst Recommendations for LogMeIn (NASDAQ:LOGM)

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CV Sciences (CVSI) Receives Buy Rating from Northland Securities

CV Sciences (OTCMKTS:CVSI)’s stock had its “buy” rating reiterated by equities researchers at Northland Securities in a note issued to investors on …

CV Sciences logoCV Sciences (OTCMKTS:CVSI)‘s stock had its “buy” rating reiterated by equities researchers at Northland Securities in a note issued to investors on Wednesday, March 13th, AnalystRatings.com reports. They presently have a $8.00 price objective on the stock. Northland Securities’ price objective indicates a potential upside of 34.91% from the stock’s current price.

The analysts wrote, “We note inventory was $7.1M at YE 2018, up from $3.6M at June 30, 2018. The toxicology report and GRAS certifications are key and a huge advantage for CVSI. A recent Coast was an opportunity for CVSI to highlight a couple new products and we believe a few new topicals/balms are also coming this Spring as this is a category national retailers will probably start with as they begin selling CBD products. Management believed a framework from the FDA would be positive and national retailers are expected to move ahead of this framework. CVSI will look to work with partners, associations and pharmaceuticals to advance the CBD industry.””

OTCMKTS:CVSI traded up $0.07 during trading hours on Wednesday, reaching $5.93. 560,265 shares of the company traded hands, compared to its average volume of 1,797,245. CV Sciences has a 1-year low of $0.41 and a 1-year high of $9.20. The stock has a market cap of $566.48 million, a PE ratio of 65.89 and a beta of -0.72.

CV Sciences (OTCMKTS:CVSI) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $14.22 million during the quarter, compared to analyst estimates of $14.91 million. CV Sciences had a net margin of 20.73% and a return on equity of 41.83%. As a group, equities analysts anticipate that CV Sciences will post 0.11 EPS for the current year.

CV Sciences Company Profile

CV Sciences, Inc operates as a life science company. It operates through two segments, Specialty Pharmaceuticals and Consumer Products. The company focuses on developing and commercializing prescription drugs utilizing synthetic cannabidiol (CBD) as the active pharmaceutical ingredient. Its initial drug candidate is CVSI-007 that combines CBD and nicotine for the treatment of smokeless tobacco use and addiction.

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Plantronics (PLT) Earns “Buy” Rating from Northland Securities

Separately, Zacks Investment Research upgraded shares of Plantronics from a hold rating to a buy rating and set a $45.00 target price on the stock in …

Plantronics Inc logoNorthland Securities restated their buy rating on shares of Plantronics (NYSE:PLT) in a research report released on Thursday. Northland Securities currently has a $85.00 price target on the technology company’s stock.

Separately, Zacks Investment Research upgraded shares of Plantronics from a hold rating to a buy rating and set a $45.00 target price on the stock in a research report on Thursday, February 7th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Plantronics has an average rating of Buy and a consensus target price of $65.00.

PLT stock opened at $47.43 on Thursday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.26 and a current ratio of 1.53. Plantronics has a twelve month low of $30.90 and a twelve month high of $82.28. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 15.35 and a beta of 1.50.

Plantronics (NYSE:PLT) last announced its earnings results on Tuesday, February 5th. The technology company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.70. The business had revenue of $530.60 million for the quarter, compared to analyst estimates of $507.87 million. Plantronics had a negative net margin of 7.32% and a positive return on equity of 20.15%. The company’s revenue for the quarter was up 134.3% compared to the same quarter last year. During the same period last year, the firm posted $1.02 earnings per share. As a group, analysts predict that Plantronics will post 3.87 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 20th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.27%. Plantronics’s dividend payout ratio (DPR) is presently 22.14%.

Plantronics declared that its Board of Directors has initiated a share repurchase program on Thursday, November 29th that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

In other Plantronics news, Director Brian S. Dexheimer bought 10,427 shares of the stock in a transaction dated Tuesday, February 12th. The shares were acquired at an average cost of $46.08 per share, for a total transaction of $480,476.16. Following the completion of the transaction, the director now owns 29,027 shares in the company, valued at approximately $1,337,564.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Marvin Tseu sold 4,238 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $48.88, for a total transaction of $207,153.44. Following the transaction, the director now owns 24,876 shares in the company, valued at $1,215,938.88. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in PLT. BlackRock Inc. grew its position in Plantronics by 4.9% in the 4th quarter. BlackRock Inc. now owns 4,183,299 shares of the technology company’s stock valued at $138,466,000 after buying an additional 193,974 shares during the last quarter. Vanguard Group Inc. grew its position in Plantronics by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,380,686 shares of the technology company’s stock valued at $203,856,000 after buying an additional 145,823 shares during the last quarter. Vanguard Group Inc grew its position in Plantronics by 4.5% in the 3rd quarter. Vanguard Group Inc now owns 3,380,686 shares of the technology company’s stock valued at $203,856,000 after buying an additional 145,823 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its position in Plantronics by 2.8% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,901,202 shares of the technology company’s stock valued at $114,642,000 after buying an additional 51,429 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Plantronics by 77.8% in the 3rd quarter. Renaissance Technologies LLC now owns 1,266,700 shares of the technology company’s stock valued at $76,382,000 after buying an additional 554,200 shares during the last quarter. Institutional investors and hedge funds own 95.17% of the company’s stock.

Plantronics Company Profile

Plantronics, Inc designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company’s enterprise products include headsets optimized for unified communications and collaboration, other corded and cordless communication headsets, audio processors, and telephone systems; and consumer products comprise Bluetooth and corded products for mobile device applications, personal computers, and gaming headsets.

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Northland Securities Reiterates Hold Rating for Ciena (CIEN)

Ciena (NYSE:CIEN)’s stock had its “hold” rating reaffirmed by Northland Securities in a report released on Wednesday, March 6th. They currently have …

Ciena logoCiena (NYSE:CIEN)‘s stock had its “hold” rating reaffirmed by Northland Securities in a report released on Wednesday, March 6th. They currently have a $34.00 price target on the communications equipment provider’s stock. Northland Securities’ price target would indicate a potential downside of 8.26% from the company’s previous close.

The analysts wrote, “We maintain our MP rating with our PT bumped to $34 on a slight increase in FY19 growth guide to the high end of the 6-8% range. Key Points We continue to focus on CIEN’s suppliers (LITE NPTN IIVI) and competitors (ACIA ADVA INFN) for upside in the 100G+ optical group, and view today’s broad based weakness in the group, likely catalyzed by CIEN results that were good but not great. We put CIEN suppliers LITE (CIEN 15% of revs, with yesterday’s OCLR datacom exit a catalyst) and NPTN (CIEN 24% of revs, with weakness based on a rumored venture stock distribution Tuesday) near the top of that list with ACIA which along with switch router and traditional telecom customers is emerging as CIEN’s biggest competitor.””

Other equities analysts also recently issued research reports about the company. MKM Partners increased their price target on Ciena from $38.00 to $45.00 and gave the company a “buy” rating in a report on Friday, December 14th. Dougherty & Co increased their price target on Ciena from $36.00 to $40.00 and gave the company a “buy” rating in a report on Friday, December 14th. ValuEngine upgraded Ciena from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd. Zacks Investment Research raised Ciena from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Tuesday, February 5th. Finally, Argus increased their price objective on Ciena to $42.00 and gave the company a “buy” rating in a research report on Friday, December 14th. Ten investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $41.96.

NYSE:CIEN opened at $37.06 on Wednesday. Ciena has a 52 week low of $22.99 and a 52 week high of $45.70. The company has a market capitalization of $5.78 billion, a P/E ratio of 33.09, a PEG ratio of 1.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.52 and a current ratio of 2.98.

Ciena (NYSE:CIEN) last released its quarterly earnings data on Tuesday, March 5th. The communications equipment provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Ciena had a return on equity of 10.73% and a net margin of 5.03%. The firm had revenue of $778.53 million for the quarter, compared to the consensus estimate of $761.62 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The firm’s revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts anticipate that Ciena will post 1.53 EPS for the current year.

In other news, SVP Stephen B. Alexander sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $36.79, for a total value of $91,975.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary B. Smith sold 9,600 shares of the firm’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $32.33, for a total value of $310,368.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 195,185 shares of company stock valued at $7,650,478. Company insiders own 1.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Ciena by 9.6% in the fourth quarter. BlackRock Inc. now owns 17,899,503 shares of the communications equipment provider’s stock worth $606,974,000 after purchasing an additional 1,561,445 shares during the period. Vanguard Group Inc. increased its position in Ciena by 1.9% in the third quarter. Vanguard Group Inc. now owns 12,969,428 shares of the communications equipment provider’s stock worth $405,165,000 after purchasing an additional 240,201 shares during the period. Vanguard Group Inc increased its position in Ciena by 1.9% in the third quarter. Vanguard Group Inc now owns 12,969,428 shares of the communications equipment provider’s stock worth $405,165,000 after purchasing an additional 240,201 shares during the period. Alliancebernstein L.P. increased its position in Ciena by 52.0% in the third quarter. Alliancebernstein L.P. now owns 4,588,525 shares of the communications equipment provider’s stock worth $143,346,000 after purchasing an additional 1,568,877 shares during the period. Finally, Northern Trust Corp increased its position in Ciena by 14.3% in the fourth quarter. Northern Trust Corp now owns 3,082,792 shares of the communications equipment provider’s stock worth $104,538,000 after purchasing an additional 384,973 shares during the period. Hedge funds and other institutional investors own 91.94% of the company’s stock.

Ciena Company Profile

Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Converged Packet Optical; Packet Networking; Optical Transport; and Software and Services. The Converged Packet Optical segment develops and sells optical processors, switching systems, and operating system software.

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Analyst Recommendations for Ciena (NYSE:CIEN)

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