Symbotic Inc. (NASDAQ:SYM) Receives Average Recommendation of “Hold” from Brokerages

Symbotic Inc. (NASDAQ:SYM) has received an average rating of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $56.50.

SYM has been the topic of several recent research reports. Cantor Fitzgerald lifted their price objective on shares of Symbotic from $60.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Oppenheimer restated an “outperform” rating and issued a $83.00 price target on shares of Symbotic in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Symbotic in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered Symbotic from a “neutral” rating to a “sell” rating and set a $47.00 price objective for the company. in a research note on Tuesday, December 2nd. Finally, Barclays lifted their target price on Symbotic from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Wednesday, November 26th.

Symbotic Stock Performance

SYM opened at $70.45 on Wednesday. The company has a market capitalization of $41.67 billion, a PE ratio of -469.67, a P/E/G ratio of 19.47 and a beta of 2.13. The stock’s fifty day moving average is $65.56 and its 200-day moving average is $57.60. Symbotic has a one year low of $16.32 and a one year high of $87.88.

Symbotic (NASDAQ:SYM) last released its earnings results on Monday, November 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Symbotic had a negative return on equity of 3.89% and a negative net margin of 0.75%.The firm had revenue of $618.46 million for the quarter, compared to analyst estimates of $604.00 million. During the same period in the previous year, the firm earned $0.47 earnings per share. Symbotic’s revenue was up 9.5% on a year-over-year basis. On average, equities research analysts forecast that Symbotic will post 0.13 EPS for the current fiscal year.

Insider Activity

In other Symbotic news, Director Todd Krasnow sold 4,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $71.00, for a total transaction of $284,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Merline Saintil sold 9,000 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $84.72, for a total transaction of $762,480.00. Following the completion of the transaction, the director owned 68,413 shares of the company’s stock, valued at approximately $5,795,949.36. The trade was a 11.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 7,101,623 shares of company stock worth $379,892,650. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Symbotic

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MAI Capital Management raised its stake in Symbotic by 833.3% during the 3rd quarter. MAI Capital Management now owns 560 shares of the company’s stock valued at $30,000 after purchasing an additional 500 shares during the period. AdvisorNet Financial Inc purchased a new position in shares of Symbotic during the second quarter valued at $32,000. IAG Wealth Partners LLC acquired a new position in Symbotic during the second quarter valued at $32,000. Ameriflex Group Inc. lifted its stake in Symbotic by 1,500.0% in the 3rd quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock worth $38,000 after acquiring an additional 660 shares in the last quarter. Finally, Gables Capital Management Inc. purchased a new stake in Symbotic in the 2nd quarter worth about $39,000.

Key Headlines Impacting Symbotic

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Symbotic reported a 52% jump in FY2024 revenue and announced a larger AI commitment, which the market is treating as a growth and product differentiation catalyst. That news helped drive notable intraday buying interest. Symbotic (SYM) Is Up 13.9% After 52% FY 2024 Revenue Jump And Bigger AI Bet – What’s Changed
• Neutral Sentiment: Market commentary flags strong recent share-price momentum but warns of conflicting valuation signals — high market cap and elevated expectations vs. still-negative EPS metrics — suggesting the rally could be sensitive to execution and margin improvement. Evaluating Symbotic (SYM) After Recent Share Price Momentum And Conflicting Valuation Signals
• Neutral Sentiment: Short market-note: analysts/coverage pieces point out Symbotic has been outperforming recent market returns, which can attract momentum traders but may also increase volatility on any mixed news. Symbotic Inc. (SYM) Exceeds Market Returns: Some Facts to Consider
• Negative Sentiment: Insider selling: director William M. Boyd III sold a total of 20,115 shares across early January filings (5,115 at ~$63.89 and 15,000 at ~$69), materially reducing his holding. Large insider sales can be perceived negatively by investors, especially amid a bullish run. SEC Form 4

Symbotic Company Profile

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.