Several other equities analysts have also weighed in on IRBT. Zacks Investment Research lowered shares of iRobot from a hold rating to a sell rating and set a $95.00 price objective for the company. in a research report on Wednesday, June 26th. Canaccord Genuity decreased their target price on shares of iRobot from $114.00 to $75.00 and set a hold rating for the company in a report on Thursday, July 25th. Northland Securities reiterated a buy rating and issued a $105.00 target price on shares of iRobot in a report on Thursday, July 25th. Sidoti upgraded shares of iRobot from a neutral rating to a buy rating and set a $83.00 target price for the company in a report on Thursday, August 29th. Finally, Citigroup set a $95.00 target price on shares of iRobot and gave the stock a hold rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $94.36.
NASDAQ:IRBT opened at $63.75 on Thursday. iRobot has a twelve month low of $58.90 and a twelve month high of $132.88. The company has a current ratio of 3.15, a quick ratio of 1.90 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $66.10 and a 200-day moving average of $95.04. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61.
In other news, Director Mohamad Ali sold 780 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $61.11, for a total value of $47,665.80. Following the completion of the sale, the director now directly owns 12,634 shares of the company’s stock, valued at $772,063.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Russell J. Campanello sold 11,159 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $95.00, for a total transaction of $1,060,105.00. Following the completion of the sale, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at $2,735,145. The disclosure for this sale can be found here. Insiders sold 12,109 shares of company stock valued at $1,123,098 over the last three months. 3.01% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of IRBT. Coastal Capital Group Inc. purchased a new stake in shares of iRobot in the second quarter worth approximately $28,000. Patriot Financial Group Insurance Agency LLC raised its position in iRobot by 85.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 435 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 200 shares in the last quarter. Captrust Financial Advisors raised its position in iRobot by 66.7% during the second quarter. Captrust Financial Advisors now owns 500 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 200 shares in the last quarter. Lakeview Capital Partners LLC bought a new position in iRobot during the first quarter valued at approximately $202,000. Finally, First Republic Investment Management Inc. bought a new position in iRobot during the first quarter valued at approximately $223,000.
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 stairs.
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