iRobot Co. (NASDAQ:IRBT – Get 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.
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:IRBT – Get 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.
- Get a free copy of the StockNews.com research report on iRobot (IRBT)
- These Are the Three (3) Most Upgraded Stocks For Q2
- MarketBeat: Week in Review 5/23 – 5/27
- Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices
- Affirm Stock Has Affirmed a Bottom
- Airbnb: Bold Competitive Threats & A New World of Travel
Receive News & Ratings for iRobot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot and related companies with MarketBeat.com's FREE daily email newsletter.