iRobot (IRBT) Coverage Initiated by Analysts at Northland Securities

Northland Securities began coverage on shares of iRobot (NASDAQ:IRBT) in a report released on Friday morning, Marketbeat reports. The brokerage issued an outperform rating on the industrial products company’s stock.

Several other equities research analysts also recently weighed in on IRBT. Zacks Investment Research downgraded iRobot from a buy rating to a hold rating in a report on Tuesday, February 13th. Sidoti upgraded iRobot from a neutral rating to a buy rating in a research note on Friday, February 9th. JPMorgan Chase & Co. upgraded iRobot from an underweight rating to a neutral rating and set a $61.00 price target for the company in a research note on Friday, February 9th. Piper Jaffray Companies restated a neutral rating on shares of iRobot in a research note on Thursday, February 8th. Finally, UBS Group upgraded iRobot from a market perform rating to an outperform rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $68.80.

Shares of iRobot (NASDAQ:IRBT) opened at $66.39 on Friday. The firm has a market capitalization of $1,850.00, a P/E ratio of 37.30, a PEG ratio of 1.91 and a beta of 0.94. iRobot has a fifty-two week low of $55.11 and a fifty-two week high of $109.78.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.29. The business had revenue of $327.00 million during the quarter, compared to the consensus estimate of $319.02 million. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The company’s revenue was up 53.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 earnings per share. research analysts anticipate that iRobot will post 2.32 EPS for the current fiscal year.

In other iRobot news, 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 owns 534,663 shares in the company, valued at $42,805,119.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 approximately $374,113.70. The disclosure for this sale can be found here. 4.49% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in IRBT. Public Employees Retirement Association of Colorado purchased a new position in iRobot in the fourth quarter worth $152,000. Raymond James Financial Services Advisors Inc. purchased a new position in iRobot in the fourth quarter worth $226,000. Flagship Harbor Advisors LLC purchased a new position in iRobot in the fourth quarter worth $236,000. Kovack Advisors Inc. purchased a new position in shares of iRobot in the fourth quarter valued at $246,000. Finally, Trexquant Investment LP purchased a new position in shares of iRobot in the third quarter valued at $287,000. Hedge funds and other institutional investors own 86.58% 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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