iRobot (IRBT) Earning Somewhat Positive Press Coverage, Report Finds

Media stories about iRobot (NASDAQ:IRBT) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. iRobot earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.1250589822909 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

Several research firms recently issued reports on IRBT. UBS Group raised iRobot from a “market perform” rating to an “outperform” rating in a research report on Friday. Zacks Investment Research raised iRobot from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Thursday, November 2nd. BidaskClub raised iRobot from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 18th. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of iRobot in a research report on Thursday. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $65.00 target price (down from $95.00) on shares of iRobot in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. iRobot presently has a consensus rating of “Hold” and an average price target of $68.80.

Shares of iRobot (NASDAQ:IRBT) traded down $1.90 during midday trading on Friday, reaching $57.90. The company’s stock had a trading volume of 5,515,885 shares, compared to its average volume of 1,340,000. iRobot has a 1 year low of $53.42 and a 1 year high of $109.78. The firm has a market capitalization of $1,600.00, a price-to-earnings ratio of 32.53, a PEG ratio of 1.05 and a beta of 0.94.

iRobot (NASDAQ:IRBT) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $327.00 million for the quarter, compared to analyst estimates of $319.02 million. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 53.9% on a year-over-year basis. research analysts anticipate that iRobot will post 2.77 EPS for the current year.

In other news, Director Andrew Miller sold 441 shares of the stock in a transaction on 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 owns 4,670 shares of the company’s stock, valued at $374,113.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Colin M. Angle sold 45,200 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 534,663 shares of the company’s stock, valued at approximately $42,805,119.78. The disclosure for this sale can be found here. Corporate insiders own 4.49% 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.

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