IRBT has been the topic of a number of other reports. BidaskClub raised iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Zacks Investment Research downgraded iRobot from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Canaccord Genuity downgraded iRobot from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $115.00 to $114.00 in a research report on Tuesday, February 19th. They noted that the move was a valuation call. Needham & Company LLC downgraded iRobot from a “buy” rating to a “hold” rating and set a $126.87 target price on the stock. in a research report on Tuesday, March 19th. They noted that the move was a valuation call. Finally, Sidoti downgraded iRobot from a “buy” rating to a “neutral” rating and set a $118.00 target price on the stock. in a research report on Thursday, February 21st. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $114.12.
Shares of NASDAQ:IRBT traded down $0.32 during midday trading on Wednesday, hitting $96.53. The stock had a trading volume of 809,759 shares, compared to its average volume of 902,359. The stock has a market capitalization of $2.72 billion, a PE ratio of 22.14, a PEG ratio of 1.24 and a beta of 1.63. The company has a current ratio of 3.22, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. iRobot has a fifty-two week low of $60.05 and a fifty-two week high of $132.88.iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.16. The company had revenue of $237.66 million for the quarter, compared to analyst estimates of $251.40 million. iRobot had a net margin of 8.09% and a return on equity of 17.64%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. On average, research analysts predict that iRobot will post 4.12 EPS for the current fiscal year.
In related news, COO Christian Cerda sold 14,177 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $122.88, for a total transaction of $1,742,069.76. Following the completion of the transaction, the chief operating officer now directly owns 63,336 shares of the company’s stock, valued at approximately $7,782,727.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alison Dean sold 23,625 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $126.12, for a total value of $2,979,585.00. Following the transaction, the chief financial officer now directly owns 68,765 shares of the company’s stock, valued at $8,672,641.80. The disclosure for this sale can be found here. Insiders sold a total of 93,897 shares of company stock worth $11,580,646 in the last quarter. Company insiders own 3.01% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. acquired a new stake in shares of iRobot in the 4th quarter valued at about $25,000. Osborn Williams & Donohoe LLC purchased a new position in shares of iRobot during the 1st quarter worth approximately $29,000. Capital Investment Advisory Services LLC purchased a new position in shares of iRobot during the 4th quarter worth approximately $39,000. Bruderman Asset Management LLC purchased a new position in shares of iRobot during the 4th quarter worth approximately $58,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of iRobot by 16.7% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 700 shares of the industrial products company’s stock worth $82,000 after buying an additional 100 shares in the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.
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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