Sidoti upgraded shares of iRobot (NASDAQ:IRBT) from a neutral rating to a buy rating in a report released on Tuesday, The Fly reports.
A number of other equities analysts have also commented on IRBT. BidaskClub lowered shares of iRobot from a strong-buy rating to a buy rating in a research report on Saturday, July 21st. Needham & Company LLC reaffirmed a hold rating on shares of iRobot in a research report on Thursday, July 5th. Canaccord Genuity reaffirmed a hold rating and set a $80.00 target price on shares of iRobot in a research report on Wednesday, July 25th. ValuEngine raised shares of iRobot from a hold rating to a buy rating in a research report on Monday, August 20th. Finally, Dougherty & Co reaffirmed a neutral rating on shares of iRobot in a research report on Thursday, July 26th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $74.00.
iRobot stock traded down $0.86 during midday trading on Tuesday, reaching $89.90. The stock had a trading volume of 2,309 shares, compared to its average volume of 734,336. iRobot has a 52-week low of $55.77 and a 52-week high of $118.75. The firm has a market capitalization of $2.55 billion, a P/E ratio of 52.05, a price-to-earnings-growth ratio of 1.83 and a beta of 1.43.
In other news, EVP Russell J. Campanello sold 48,582 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $110.63, for a total transaction of $5,374,626.66. Following the transaction, the executive vice president now directly owns 86,050 shares in the company, valued at $9,519,711.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Glen Daniel Weinstein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $96.77, for a total transaction of $967,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,067 shares of company stock worth $18,440,488. Insiders own 4.49% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IRBT. NEXT Financial Group Inc acquired a new stake in iRobot in the third quarter valued at approximately $121,000. Psagot Investment House Ltd. acquired a new stake in iRobot in the second quarter valued at approximately $111,000. PNC Financial Services Group Inc. boosted its stake in iRobot by 74.2% in the second quarter. PNC Financial Services Group Inc. now owns 1,556 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 663 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in iRobot in the second quarter valued at approximately $202,000. Finally, Modera Wealth Management LLC acquired a new stake in iRobot in the second quarter valued at approximately $227,000. Hedge funds and other institutional investors own 83.21% of the company’s stock.
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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