iRobot (IRBT) Given “Neutral” Rating at Dougherty & Co

Dougherty & Co reiterated their neutral rating on shares of iRobot (NASDAQ:IRBT) in a report released on Wednesday, Marketbeat reports.

Several other research firms have also recently issued reports on IRBT. Sidoti cut iRobot from a buy rating to a neutral rating in a research report on Tuesday, September 4th. They noted that the move was a valuation call. BidaskClub upgraded shares of iRobot from a buy rating to a strong-buy rating in a research note on Tuesday, October 2nd. Zacks Investment Research lowered shares of iRobot from a strong-buy rating to a hold rating in a research note on Tuesday, September 25th. Piper Jaffray Companies lowered shares of iRobot from an overweight rating to a neutral rating in a research note on Monday, October 8th. Finally, ValuEngine upgraded shares of iRobot from a hold rating to a buy rating in a research note on Monday, August 20th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. iRobot has an average rating of Buy and a consensus price target of $80.83.

IRBT stock opened at $79.78 on Wednesday. The company has a market capitalization of $2.19 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.43. iRobot has a 12-month low of $55.77 and a 12-month high of $118.75.



iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.64. The business had revenue of $264.50 million for the quarter, compared to analysts’ expectations of $245.12 million. iRobot had a return on equity of 15.95% and a net margin of 6.52%. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. On average, equities analysts anticipate that iRobot will post 2.68 earnings per share for the current fiscal year.

In other iRobot news, EVP Glen Daniel Weinstein sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $96.77, for a total transaction of $967,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Bell sold 4,355 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $105.22, for a total transaction of $458,233.10. Following the sale, the director now owns 17,650 shares of the company’s stock, valued at $1,857,133. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,289 shares of company stock valued at $17,014,358. Company insiders own 4.49% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in IRBT. Oppenheimer & Co. Inc. purchased a new stake in shares of iRobot in the 3rd quarter worth $242,000. Russell Investments Group Ltd. increased its stake in shares of iRobot by 100.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 19,700 shares of the industrial products company’s stock worth $2,166,000 after purchasing an additional 9,848 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of iRobot by 113.7% in the 3rd quarter. Alps Advisors Inc. now owns 9,171 shares of the industrial products company’s stock worth $1,008,000 after purchasing an additional 4,880 shares in the last quarter. First Trust Advisors LP increased its stake in shares of iRobot by 139.7% in the 3rd quarter. First Trust Advisors LP now owns 42,319 shares of the industrial products company’s stock worth $4,652,000 after purchasing an additional 24,661 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of iRobot in the 3rd quarter worth $212,000. Institutional investors and hedge funds own 83.21% of the company’s stock.

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 stair.

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Analyst Recommendations for iRobot (NASDAQ:IRBT)

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