BidaskClub cut shares of iRobot (NASDAQ:IRBT) from a strong-buy rating to a buy rating in a report released on Tuesday.

A number of other equities research analysts have also recently commented on IRBT. Needham & Company LLC reaffirmed a hold rating on shares of iRobot in a research note on Thursday, October 26th. Zacks Investment Research raised iRobot from a hold rating to a buy rating and set a $85.00 price objective for the company in a research note on Tuesday, October 17th. Dougherty & Co reaffirmed a neutral rating on shares of iRobot in a research note on Thursday, October 26th. Citigroup initiated coverage on iRobot in a research note on Monday, December 4th. They issued a neutral rating and a $74.00 target price for the company. Finally, SprucePoint Capital reissued a sell rating on shares of iRobot in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. iRobot currently has a consensus rating of Hold and an average price target of $70.75.

Shares of iRobot (NASDAQ:IRBT) traded up $4.40 during trading on Tuesday, hitting $87.19. The company had a trading volume of 1,127,175 shares, compared to its average volume of 938,755. iRobot has a twelve month low of $52.12 and a twelve month high of $109.78. The firm has a market capitalization of $2,410.00, a PE ratio of 41.32, a PEG ratio of 1.51 and a beta of 0.99.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. iRobot had a return on equity of 12.79% and a net margin of 7.80%. The business had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $204.52 million. During the same period in the previous year, the firm earned $0.70 earnings per share. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. equities analysts predict that iRobot will post 1.85 EPS for the current year.

In other iRobot news, Director Andrew Miller sold 441 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total value of $35,328.51. Following the completion of the transaction, the director now directly owns 4,670 shares of the company’s stock, valued at $374,113.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Colin M. Angle sold 45,200 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total value of $3,618,712.00. Following the completion of the transaction, the chief executive officer now directly owns 534,663 shares of the company’s stock, valued at $42,805,119.78. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in iRobot by 13.6% in the second quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock valued at $315,648,000 after acquiring an additional 448,157 shares during the period. Vanguard Group Inc. lifted its holdings in shares of iRobot by 9.3% in the second quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock valued at $272,776,000 after purchasing an additional 277,161 shares in the last quarter. State Street Corp lifted its holdings in shares of iRobot by 46.1% in the second quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock valued at $78,353,000 after purchasing an additional 293,988 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of iRobot by 7.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 546,907 shares of the industrial products company’s stock valued at $46,017,000 after purchasing an additional 37,810 shares in the last quarter. Finally, Pictet Asset Management Ltd. lifted its holdings in shares of iRobot by 1.1% in the third quarter. Pictet Asset Management Ltd. now owns 529,204 shares of the industrial products company’s stock valued at $40,780,000 after purchasing an additional 5,507 shares in the last quarter. 82.16% of the stock is owned by hedge funds and other institutional investors.

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iRobot Company Profile

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.

Analyst Recommendations for iRobot (NASDAQ:IRBT)

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