iRobot (NASDAQ:IRBT) Upgraded to “Strong-Buy” at BidaskClub

iRobot (NASDAQ:IRBT) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday, December 27th.

Several other analysts also recently weighed in on the stock. Citigroup began coverage on shares of iRobot in a research note on Monday, December 4th. They issued a “neutral” rating and a $74.00 price target for the company. Zacks Investment Research downgraded shares of iRobot from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Sidoti upgraded shares of iRobot from a “neutral” rating to a “buy” rating in a research report on Friday, October 27th. Needham & Company LLC restated a “hold” rating on shares of iRobot in a research report on Thursday, October 26th. Finally, Dougherty & Co restated a “neutral” rating on shares of iRobot in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. iRobot currently has an average rating of “Hold” and an average target price of $70.75.

Shares of iRobot (NASDAQ IRBT) opened at $82.79 on Wednesday. The firm has a market cap of $2,290.00, a price-to-earnings ratio of 39.24, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99. iRobot has a one year low of $52.12 and a one year high of $109.78.

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

In related news, Director Andrew Miller sold 441 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total transaction of $35,328.51. Following the transaction, the director now owns 4,670 shares in the company, valued at $374,113.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $3,618,712.00. Following the transaction, the chief executive officer now owns 534,663 shares in the company, valued at approximately $42,805,119.78. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in IRBT. Riverhead Capital Management LLC increased its position in shares of iRobot by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock valued at $140,000 after buying an additional 665 shares during the period. FNY Partners Fund LP purchased a new position in shares of iRobot during the second quarter valued at about $143,000. Strs Ohio purchased a new position in shares of iRobot during the second quarter valued at about $185,000. Flinton Capital Management LLC increased its position in shares of iRobot by 60.7% during the second 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 during the period. Finally, Victory Capital Management Inc. increased its position in shares of iRobot by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,621 shares of the industrial products company’s stock valued at $221,000 after buying an additional 392 shares during the period. Institutional investors own 82.16% of the company’s stock.

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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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