iRobot Corp. (NASDAQ:IRBT)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research note issued on Friday. They currently have a $46.00 target price on the stock, up from their prior target price of $42.00. Needham & Company LLC’s price objective suggests a potential upside of 13.24% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Canaccord Genuity reaffirmed a “buy” rating and set a $45.00 target price on shares of iRobot Corp. in a report on Wednesday, August 10th. JPMorgan Chase & Co. raised iRobot Corp. from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.00.

Shares of iRobot Corp. (NASDAQ:IRBT) opened at 40.62 on Friday. The firm has a 50-day moving average price of $39.87 and a 200-day moving average price of $37.04. iRobot Corp. has a 12 month low of $28.02 and a 12 month high of $40.93. The company has a market capitalization of $1.10 billion, a PE ratio of 29.22 and a beta of 1.59.

iRobot Corp. (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The firm had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.10 million. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. On average, equities research analysts predict that iRobot Corp. will post $1.32 EPS for the current year.

In other iRobot Corp. news, EVP Russell J. Campanello sold 9,200 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $40.04, for a total transaction of $368,368.00. Following the completion of the sale, the executive vice president now directly owns 78,420 shares of the company’s stock, valued at approximately $3,139,936.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Glen Daniel Weinstein sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the sale, the executive vice president now directly owns 70,481 shares of the company’s stock, valued at $2,819,240. The disclosure for this sale can be found here. Corporate insiders own 5.53% of the company’s stock.

A number of hedge funds have recently modified their holdings of IRBT. Dimensional Fund Advisors LP raised its stake in shares of iRobot Corp. by 27.8% in the second quarter. Dimensional Fund Advisors LP now owns 832,334 shares of the company’s stock worth $29,198,000 after buying an additional 181,053 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of iRobot Corp. by 4.3% in the second quarter. Baillie Gifford & Co. now owns 530,400 shares of the company’s stock worth $18,606,000 after buying an additional 21,800 shares in the last quarter. FMR LLC raised its stake in shares of iRobot Corp. by 52.7% in the second quarter. FMR LLC now owns 461,747 shares of the company’s stock worth $16,198,000 after buying an additional 159,327 shares in the last quarter. Personal Capital Advisors Corp raised its stake in shares of iRobot Corp. by 9.4% in the second quarter. Personal Capital Advisors Corp now owns 227,954 shares of the company’s stock worth $7,997,000 after buying an additional 19,623 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of iRobot Corp. by 0.3% in the second quarter. Principal Financial Group Inc. now owns 199,442 shares of the company’s stock worth $6,997,000 after buying an additional 504 shares in the last quarter. 77.40% of the stock is owned by hedge funds and other institutional investors.

About iRobot Corp.

iRobot Corporation is engaged in designing and building robots. The Company sells its products through sales channels to the consumer, defense and security, telemedicine and video collaboration markets. It operates through two segments: the home robots business, and the defense and security robots business.

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