Analysts Set iRobot Co. (NASDAQ:IRBT) Price Target at $68.25

iRobot Co. (NASDAQ:IRBTGet Rating) has been assigned an average rating of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $68.25.

Several equities research analysts have recently issued reports on IRBT shares. Citigroup reissued a “hold” rating and issued a $80.00 price objective on shares of iRobot in a research report on Friday, February 11th. StockNews.com downgraded shares of iRobot from a “hold” rating to a “sell” rating in a research note on Friday, May 13th. Zacks Investment Research upgraded shares of iRobot from a “sell” rating to a “hold” rating and set a $63.00 target price for the company in a research note on Monday, March 21st. Northland Securities upgraded shares of iRobot from a “market perform” rating to an “outperform” rating and set a $85.00 target price for the company in a research note on Thursday, March 24th. Finally, JPMorgan Chase & Co. downgraded shares of iRobot from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $65.00 to $45.00 in a research note on Friday, May 6th.

In other iRobot news, CEO Colin M. Angle sold 23,350 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $46.30, for a total transaction of $1,081,105.00. Following the transaction, the chief executive officer now directly owns 319,322 shares in the company, valued at approximately $14,784,608.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of IRBT. CWM LLC bought a new position in shares of iRobot in the 4th quarter worth about $34,000. Rockefeller Capital Management L.P. lifted its position in shares of iRobot by 50.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 660 shares of the industrial products company’s stock worth $51,000 after buying an additional 221 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of iRobot by 79.7% in the 3rd quarter. Macquarie Group Ltd. now owns 1,398 shares of the industrial products company’s stock worth $110,000 after buying an additional 620 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of iRobot in the 1st quarter worth about $116,000. Finally, US Bancorp DE increased its holdings in shares of iRobot by 13.9% in the 3rd quarter. US Bancorp DE now owns 1,588 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 194 shares during the period. Institutional investors own 90.86% of the company’s stock.

NASDAQ IRBT opened at $48.21 on Thursday. iRobot has a 12 month low of $42.35 and a 12 month high of $106.65. The stock’s fifty day moving average price is $53.88 and its 200-day moving average price is $62.94.

iRobot (NASDAQ:IRBTGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The industrial products company reported ($0.87) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.55) by $0.68. iRobot had a negative net margin of 0.48% and a negative return on equity of 1.45%. The company had revenue of $291.97 million during the quarter, compared to analyst estimates of $302.46 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that iRobot will post 0.71 earnings per share for the current year.

About iRobot (Get Rating)

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.

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