iRobot Corp. (NASDAQ:IRBT)‘s stock had its “buy” rating reissued by equities researchers 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 target price indicates a potential upside of 13.24% from the company’s current price.

Several other equities research analysts have also issued reports on IRBT. JPMorgan Chase & Co. upgraded iRobot Corp. from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 1st. Canaccord Genuity reiterated a “buy” rating and set a $45.00 price target on shares of iRobot Corp. in a report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $39.00.

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

iRobot Corp. (NASDAQ:IRBT) last released its earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. The company had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.10 million. During the same quarter in the previous year, the business posted $0.24 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts forecast that iRobot Corp. will post $1.32 earnings per share for the current fiscal year.

In other news, EVP Russell J. Campanello sold 9,200 shares of the company’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 transaction, the executive vice president now directly owns 78,420 shares in the company, valued at $3,139,936.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrea Geisser sold 3,243 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $40.19, for a total value of $130,336.17. Following the transaction, the director now owns 54,226 shares of the company’s stock, valued at $2,179,342.94. The disclosure for this sale can be found here. 5.53% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position 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 during the period. Tributary Capital Management LLC acquired a new position in shares of iRobot Corp. during the second quarter worth approximately $5,704,000. FMR LLC raised its position 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 during the period. First Republic Investment Management Inc. raised its position in shares of iRobot Corp. by 97.6% in the first quarter. First Republic Investment Management Inc. now owns 159,957 shares of the company’s stock worth $5,646,000 after buying an additional 78,997 shares during the period. Finally, SECOR Capital Advisors LP acquired a new position in shares of iRobot Corp. during the second quarter worth approximately $2,632,000. Institutional investors own 77.40% of the company’s stock.

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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