iRobot (NASDAQ:IRBT) Now Covered by Northland Securities

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.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.70. The company had revenue of $289.40 million during the quarter, compared to the consensus estimate of $259.31 million. iRobot had a return on equity of 15.85% and a net margin of 7.72%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 EPS. On average, equities analysts expect that iRobot will post 2.67 EPS for the current year.

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.

About iRobot

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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Analyst Recommendations for iRobot (NASDAQ:IRBT)

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