BidaskClub lowered shares of iRobot Corporation (NASDAQ:IRBT) from a strong-buy rating to a buy rating in a report issued on Wednesday.
IRBT has been the subject of several other research reports. Zacks Investment Research cut iRobot Corporation from a hold rating to a sell rating in a research note on Monday, March 27th. Canaccord Genuity reissued a buy rating and issued a $90.00 price target on shares of iRobot Corporation in a research note on Wednesday, April 26th. Dougherty & Co cut iRobot Corporation from a buy rating to a neutral rating in a research note on Monday, July 3rd. Finally, Needham & Company LLC reissued a hold rating on shares of iRobot Corporation in a research note on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $65.71.
iRobot Corporation (IRBT) traded up 0.79% on Wednesday, reaching $84.31. 484,741 shares of the company traded hands. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 43.35 and a beta of 1.13. iRobot Corporation has a 52-week low of $35.10 and a 52-week high of $104.61. The firm has a 50 day moving average price of $95.98 and a 200 day moving average price of $71.29.
iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.26. The business had revenue of $168.47 million during the quarter, compared to analysts’ expectations of $155.86 million. iRobot Corporation had a return on equity of 14.03% and a net margin of 7.79%. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 EPS. Equities research analysts predict that iRobot Corporation will post $1.67 EPS for the current year.
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In related news, COO Christian Cerda sold 75,121 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $100.06, for a total value of $7,516,607.26. Following the completion of the sale, the chief operating officer now directly owns 98,300 shares in the company, valued at approximately $9,835,898. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrea Geisser sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $84.78, for a total value of $254,340.00. Following the completion of the sale, the director now owns 46,266 shares of the company’s stock, valued at $3,922,431.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,980 shares of company stock valued at $9,088,531. Corporate insiders own 5.53% of the company’s stock.
A number of large investors have recently bought and sold shares of IRBT. BlackRock Inc. raised its stake in iRobot Corporation by 124,694.7% in the first quarter. BlackRock Inc. now owns 3,303,315 shares of the industrial products company’s stock valued at $218,483,000 after buying an additional 3,300,668 shares during the period. Vanguard Group Inc. raised its stake in iRobot Corporation by 27.4% in the first quarter. Vanguard Group Inc. now owns 2,964,760 shares of the industrial products company’s stock valued at $196,089,000 after buying an additional 637,890 shares during the period. Columbia Wanger Asset Management LLC raised its stake in iRobot Corporation by 10.5% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,378,409 shares of the industrial products company’s stock valued at $91,168,000 after buying an additional 131,030 shares during the period. OppenheimerFunds Inc. raised its stake in iRobot Corporation by 0.8% in the first quarter. OppenheimerFunds Inc. now owns 1,114,526 shares of the industrial products company’s stock valued at $73,715,000 after buying an additional 8,824 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in iRobot Corporation by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 948,086 shares of the industrial products company’s stock valued at $62,706,000 after buying an additional 56,545 shares during the period. Hedge funds and other institutional investors own 87.83% of the company’s stock.
About iRobot Corporation
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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