Shares of iRobot Co. (NASDAQ:IRBT) have been assigned an average recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $94.36.

A number of equities research analysts recently weighed in on the company. Sidoti set a $83.00 price objective on iRobot and gave the company a “hold” rating in a research report on Friday, August 9th. Citigroup set a $95.00 price target on iRobot and gave the company a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine cut iRobot from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Zacks Investment Research cut iRobot from a “hold” rating to a “sell” rating and set a $95.00 price target for the company. in a research note on Wednesday, June 26th. Finally, Piper Jaffray Companies decreased their price target on iRobot from $96.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th.

In other iRobot news, EVP Russell J. Campanello sold 11,159 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $95.00, for a total value of $1,060,105.00. Following the completion of the sale, the executive vice president now directly owns 28,791 shares in the company, valued at $2,735,145. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Andrew Miller sold 878 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $91.97, for a total value of $80,749.66. Following the completion of the sale, the director now owns 14,199 shares of the company’s stock, valued at $1,305,882.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,693 shares of company stock valued at $2,156,268. 3.01% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in IRBT. Bank of America Corp DE raised its stake in shares of iRobot by 149.5% in the fourth quarter. Bank of America Corp DE now owns 58,087 shares of the industrial products company’s stock worth $4,865,000 after purchasing an additional 34,803 shares during the last quarter. Amalgamated Bank raised its stake in shares of iRobot by 127.5% in the fourth quarter. Amalgamated Bank now owns 4,211 shares of the industrial products company’s stock worth $353,000 after purchasing an additional 2,360 shares during the last quarter. Norges Bank purchased a new position in shares of iRobot in the fourth quarter worth about $33,787,000. State of Alaska Department of Revenue raised its stake in shares of iRobot by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 9,368 shares of the industrial products company’s stock worth $1,102,000 after purchasing an additional 115 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of iRobot in the first quarter worth about $1,328,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.

IRBT stock traded down $0.29 during trading on Friday, reaching $64.34. 7,843 shares of the company traded hands, compared to its average volume of 1,406,724. iRobot has a 12 month low of $62.97 and a 12 month high of $132.88. The company’s 50 day moving average price is $81.71. The company has a market capitalization of $1.84 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 1.60 and a beta of 1.53. The company has a quick ratio of 1.90, a current ratio of 3.15 and a debt-to-equity ratio of 0.10.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.22. iRobot had a return on equity of 16.06% and a net margin of 7.57%. The company had revenue of $260.17 million for the quarter, compared to the consensus estimate of $267.96 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities research analysts expect that iRobot will post 2.73 earnings per share for the current fiscal year.

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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