Shares of iRobot (NASDAQ:IRBT) have been assigned an average rating of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $69.50.
Several research analysts have recently issued reports on IRBT shares. BidaskClub upgraded shares of iRobot from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Sidoti cut shares of iRobot from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Piper Jaffray reiterated a “neutral” rating on shares of iRobot in a report on Thursday, February 8th. JPMorgan Chase upgraded shares of iRobot from an “underweight” rating to a “neutral” rating and set a $61.00 price objective for the company in a report on Friday, February 9th. Finally, UBS upgraded shares of iRobot from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th.
Shares of iRobot stock traded up $0.21 on Friday, hitting $63.88. The company had a trading volume of 1,651,047 shares, compared to its average volume of 739,367. The stock has a market capitalization of $1,795.22, a PE ratio of 36.09, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. iRobot has a 52 week low of $55.77 and a 52 week high of $109.78.
iRobot announced that its Board of Directors has authorized a share buyback program on Tuesday, February 27th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
A number of large investors have recently modified their holdings of IRBT. Wells Fargo & Company MN boosted its holdings in iRobot by 31.8% during the third quarter. Wells Fargo & Company MN now owns 150,976 shares of the industrial products company’s stock worth $11,634,000 after buying an additional 36,414 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in iRobot by 9.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 137,443 shares of the industrial products company’s stock worth $10,592,000 after buying an additional 11,903 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in iRobot by 64.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,675 shares of the industrial products company’s stock worth $360,000 after buying an additional 1,824 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in iRobot during the third quarter worth approximately $397,000. Finally, California Public Employees Retirement System boosted its holdings in iRobot by 10.9% during the third quarter. California Public Employees Retirement System now owns 48,447 shares of the industrial products company’s stock worth $3,733,000 after buying an additional 4,747 shares in the last quarter. Hedge funds and other institutional investors own 89.40% of the company’s stock.
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iRobot Company Profile
iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair.
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