iRobot (NASDAQ:IRBT) had its target price boosted by JPMorgan Chase & Co. from $88.00 to $100.00 in a research report sent to investors on Thursday morning, The Fly reports. The brokerage currently has a neutral rating on the industrial products company’s stock.
Other analysts also recently issued reports about the stock. Northland Securities reaffirmed a buy rating and issued a $130.00 target price on shares of iRobot in a research report on Tuesday, April 9th. Zacks Investment Research upgraded shares of iRobot from a hold rating to a buy rating and set a $93.00 price target on the stock in a research note on Monday, January 7th. ValuEngine upgraded shares of iRobot from a hold rating to a buy rating in a research note on Wednesday, January 30th. Canaccord Genuity cut shares of iRobot from a buy rating to a hold rating and dropped their price target for the stock from $115.00 to $114.00 in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Finally, Dougherty & Co cut shares of iRobot to a hold rating in a research note on Thursday, December 20th. Eight investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $111.12.
NASDAQ:IRBT opened at $128.82 on Thursday. The stock has a market capitalization of $3.61 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.73. iRobot has a 1-year low of $56.61 and a 1-year high of $132.88.
iRobot (NASDAQ:IRBT) last released its earnings results on Wednesday, February 6th. The industrial products company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.33. The firm had revenue of $384.67 million for the quarter, compared to the consensus estimate of $381.87 million. iRobot had a net margin of 8.05% and a return on equity of 17.14%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. As a group, research analysts anticipate that iRobot will post 3.1 earnings per share for the current fiscal year.
In other iRobot news, Director Deborah G. Ellinger sold 2,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $130.00, for a total transaction of $260,000.00. Following the transaction, the director now owns 16,726 shares in the company, valued at approximately $2,174,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Russell J. Campanello sold 7,993 shares of the company’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $101.00, for a total transaction of $807,293.00. Following the transaction, the executive vice president now owns 35,750 shares in the company, valued at approximately $3,610,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,890 shares of company stock worth $12,387,939. 3.51% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. bought a new position in iRobot during the 4th quarter valued at about $25,000. Capital Investment Advisory Services LLC bought a new position in iRobot during the 4th quarter valued at about $39,000. Bruderman Asset Management LLC bought a new position in iRobot during the 4th quarter valued at about $58,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in 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 valued at $82,000 after acquiring an additional 100 shares during the period. Finally, Optimum Investment Advisors lifted its stake in iRobot by 225.0% during the 4th quarter. Optimum Investment Advisors now owns 1,000 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 1,800 shares during the period. Institutional investors and hedge funds own 97.16% of the company’s stock.
iRobot Company Profile
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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