iRobot (NASDAQ:IRBT) Upgraded at BidaskClub

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BidaskClub upgraded shares of iRobot (NASDAQ:IRBT) from a sell rating to a hold rating in a research report released on Thursday morning, BidAskClub reports.

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.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.22. iRobot had a net margin of 7.57% and a return on equity of 16.06%. The company had revenue of $260.17 million during the quarter, compared to analyst estimates of $267.96 million. During the same quarter last year, the firm posted $0.37 EPS. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, research analysts forecast that iRobot will post 2.73 earnings per share for the current year.

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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Analyst Recommendations for iRobot (NASDAQ:IRBT)

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