Sidoti upgraded shares of iRobot (NASDAQ:IRBT) from a neutral rating to a buy rating in a research note published on Friday, Marketbeat reports.

Several other equities research analysts also recently commented on the company. UBS Group upgraded iRobot from a market perform rating to an outperform rating in a report on Friday. JPMorgan Chase & Co. upgraded iRobot from an underweight rating to a neutral rating and set a $61.00 price objective for the company in a report on Friday. Piper Jaffray Companies reiterated a neutral rating on shares of iRobot in a report on Thursday. BidaskClub upgraded iRobot from a buy rating to a strong-buy rating in a report on Thursday, January 18th. Finally, Citigroup began coverage on iRobot in a research report on Monday, December 4th. They issued a neutral rating and a $74.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $68.80.

Shares of iRobot (NASDAQ:IRBT) opened at $57.90 on Friday. iRobot has a twelve month low of $52.12 and a twelve month high of $109.78. The company has a market capitalization of $1,550.00, a PE ratio of 32.53, a P/E/G ratio of 1.08 and a beta of 0.94.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.25 by $0.29. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The company had revenue of $327.00 million during the quarter, compared to the consensus estimate of $319.02 million. During the same period last year, the company earned $0.45 EPS. iRobot’s revenue for the quarter was up 53.9% on a year-over-year basis. equities analysts expect that iRobot will post 2.77 EPS for the current year.

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

Several hedge funds have recently bought and sold shares of the company. Suntrust Banks Inc. lifted its position in shares of iRobot by 4.0% during the 2nd quarter. Suntrust Banks Inc. now owns 4,594 shares of the industrial products company’s stock valued at $386,000 after buying an additional 175 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of iRobot by 4.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 13,399 shares of the industrial products company’s stock valued at $1,127,000 after buying an additional 542 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of iRobot by 7.1% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the industrial products company’s stock valued at $920,000 after buying an additional 800 shares in the last quarter. Flinton Capital Management LLC lifted its position in shares of iRobot by 60.7% during the 2nd quarter. Flinton Capital Management LLC now owns 2,520 shares of the industrial products company’s stock valued at $212,000 after buying an additional 952 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of iRobot by 1.9% during the 3rd quarter. Stifel Financial Corp now owns 54,105 shares of the industrial products company’s stock valued at $4,169,000 after buying an additional 983 shares in the last quarter. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

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About iRobot

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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