iRobot (IRBT) Upgraded to Strong-Buy at BidaskClub
BidaskClub upgraded shares of iRobot (NASDAQ:IRBT) from a buy rating to a strong-buy rating in a report published on Wednesday.
Other research analysts also recently issued reports about the stock. Sidoti raised shares of iRobot from a neutral rating to a buy rating in a research report on Friday, October 27th. Zacks Investment Research raised shares of iRobot from a hold rating to a buy rating and set a $75.00 target price for the company in a research report on Thursday, November 2nd. Canaccord Genuity reissued a hold rating and issued a $65.00 target price (down from $95.00) on shares of iRobot in a research report on Thursday, October 26th. Needham & Company LLC reissued a hold rating on shares of iRobot in a research report on Thursday, October 26th. Finally, Citigroup began coverage on shares of iRobot in a research report on Monday, December 4th. They issued a neutral rating and a $74.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $70.75.
Shares of iRobot (NASDAQ IRBT) opened at $80.04 on Wednesday. iRobot has a 1-year low of $52.12 and a 1-year high of $109.78. The stock has a market cap of $2,210.00, a P/E ratio of 37.93, a PEG ratio of 2.15 and a beta of 0.99.
iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.16. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The firm had revenue of $205.40 million for the quarter, compared to the consensus estimate of $204.52 million. During the same period in the previous year, the firm posted $0.70 earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis. equities research analysts forecast that iRobot will post 1.85 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of IRBT. Riverhead Capital Management LLC boosted its holdings in shares of iRobot by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock worth $140,000 after buying an additional 665 shares during the period. FNY Partners Fund LP bought a new stake in shares of iRobot during the 2nd quarter worth $143,000. Strs Ohio bought a new stake in shares of iRobot during the 2nd quarter worth $185,000. Flinton Capital Management LLC boosted its holdings in shares of iRobot by 60.7% during the 2nd quarter. Flinton Capital Management LLC now owns 2,520 shares of the industrial products company’s stock worth $212,000 after buying an additional 952 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of iRobot by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,621 shares of the industrial products company’s stock worth $221,000 after buying an additional 392 shares during the period. 82.16% of the stock is owned by institutional investors.
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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.
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