Northland Securities assumed coverage on shares of iRobot (NASDAQ:IRBT) in a research note issued on Friday, Stock Target Advisor reports. The firm set a “buy” rating and a $81.00 price target on the industrial products company’s stock. Northland Securities’ price target suggests a potential upside of 78.65% from the company’s current price.
IRBT has been the subject of a number of other research reports. BidaskClub cut iRobot from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research report on Wednesday, October 23rd. Citigroup reduced their price objective on shares of iRobot from $85.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Sidoti raised shares of iRobot from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Thursday, August 29th. Finally, ValuEngine raised shares of iRobot from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. iRobot currently has an average rating of “Hold” and an average target price of $72.99.
NASDAQ IRBT opened at $45.34 on Friday. iRobot has a fifty-two week low of $42.41 and a fifty-two week high of $132.88. The stock’s 50-day moving average is $48.19 and its two-hundred day moving average is $68.52. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.98 and a quick ratio of 1.63. The firm has a market cap of $1.28 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 1.09 and a beta of 1.47.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Coastal Capital Group Inc. acquired a new position in shares of iRobot during the second quarter worth approximately $28,000. Patriot Financial Group Insurance Agency LLC increased its position in iRobot by 85.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 435 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 200 shares during the period. Global Retirement Partners LLC bought a new position in iRobot during the third quarter worth $30,000. Captrust Financial Advisors raised its stake in iRobot by 66.7% during the 2nd quarter. Captrust Financial Advisors now owns 500 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 200 shares during the last quarter. Finally, Truvestments Capital LLC raised its stake in iRobot by 712.2% during the 3rd quarter. Truvestments Capital LLC now owns 1,397 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 1,225 shares during the last quarter.
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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