iRobot Co. (NASDAQ:IRBT) CEO Colin M. Angle sold 11,765 shares of the company’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $85.00, for a total transaction of $1,000,025.00. Following the sale, the chief executive officer now directly owns 406,283 shares of the company’s stock, valued at approximately $34,534,055. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ IRBT opened at $86.45 on Friday. iRobot Co. has a 12 month low of $55.77 and a 12 month high of $118.75. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 48.84, a P/E/G ratio of 1.41 and a beta of 1.73.
iRobot (NASDAQ:IRBT) last posted its earnings results on Tuesday, October 23rd. The industrial products company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.64. iRobot had a net margin of 6.52% and a return on equity of 15.95%. The company had revenue of $264.50 million for the quarter, compared to analysts’ expectations of $245.12 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. iRobot’s revenue for the quarter was up 28.8% compared to the same quarter last year. Equities research analysts forecast that iRobot Co. will post 2.69 EPS for the current fiscal year.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of iRobot from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Monday. BidaskClub cut shares of iRobot from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Finally, Dougherty & Co reissued a “neutral” rating on shares of iRobot in a research report on Wednesday, October 24th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $89.40.
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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