Research analysts at Northland Securities began coverage on shares of iRobot (NASDAQ:IRBT) in a research report issued on Friday, February 16th, MarketBeat.com reports. The firm set an “outperform” rating on the industrial products company’s stock.
IRBT has been the subject of several other research reports. Sidoti cut iRobot from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. BidaskClub upgraded iRobot from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 18th. Piper Jaffray Companies decreased their price target on iRobot to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 25th. Zacks Investment Research upgraded iRobot from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, October 24th. Finally, Citigroup began coverage on iRobot in a report on Monday, December 4th. They issued a “neutral” rating and a $74.00 price target for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $68.80.
iRobot (NASDAQ:IRBT) traded up $3.48 during trading hours on Friday, hitting $68.51. The stock had a trading volume of 1,098,796 shares, compared to its average volume of 1,520,000. The firm has a market cap of $1,910.00, a P/E ratio of 31.28, a PEG ratio of 1.99 and a beta of 0.94. iRobot has a fifty-two week low of $55.77 and a fifty-two week high of $109.78.
iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.29. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The business had revenue of $327.00 million during the quarter, compared to the consensus estimate of $319.02 million. During the same quarter in the previous year, the company posted $0.45 EPS. The business’s revenue was up 53.9% on a year-over-year basis. equities analysts expect that iRobot will post 2.3 earnings per share for the current fiscal year.
In related news, CEO Colin M. Angle sold 45,200 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $80.06, for a total transaction of $3,618,712.00. Following the sale, the chief executive officer now directly owns 534,663 shares of the company’s stock, valued at approximately $42,805,119.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew Miller sold 441 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total value of $35,328.51. Following the sale, the director now directly owns 4,670 shares in the company, valued at $374,113.70. The disclosure for this sale can be found here. Corporate insiders own 4.49% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Old Mutual Global Investors UK Ltd. boosted its stake in iRobot by 106.3% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 689,707 shares of the industrial products company’s stock valued at $52,900,000 after buying an additional 355,441 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of iRobot by 47.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 978,328 shares of the industrial products company’s stock valued at $75,038,000 after purchasing an additional 315,233 shares during the last quarter. State Street Corp lifted its holdings in shares of iRobot by 46.1% during the second quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock valued at $78,353,000 after purchasing an additional 293,988 shares during the last quarter. Hunt Lane Capital LP purchased a new stake in shares of iRobot during the fourth quarter valued at $21,860,000. Finally, Vident Investment Advisory LLC lifted its holdings in shares of iRobot by 107.6% during the fourth quarter. Vident Investment Advisory LLC now owns 484,539 shares of the industrial products company’s stock valued at $37,164,000 after purchasing an additional 251,095 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.
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iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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