iRobot Co. (NASDAQ:IRBT) EVP Timothy Saeger sold 3,299 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $80.00, for a total value of $263,920.00. Following the sale, the executive vice president now directly owns 24,118 shares in the company, valued at approximately $1,929,440. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of NASDAQ IRBT opened at $84.68 on Wednesday. The firm has a market capitalization of $2.34 billion, a P/E ratio of 24.77, a P/E/G ratio of 3.29 and a beta of 1.61. The stock’s 50-day simple moving average is $73.59 and its two-hundred day simple moving average is $65.93. iRobot Co. has a twelve month low of $32.79 and a twelve month high of $89.26.
iRobot (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 21st. The industrial products company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.77. The business had revenue of $279.88 million for the quarter, compared to analyst estimates of $264.48 million. iRobot had a return on equity of 9.55% and a net margin of 8.08%. On average, sell-side analysts expect that iRobot Co. will post 1.56 EPS for the current fiscal year.
A number of analysts recently issued reports on IRBT shares. JPMorgan Chase & Co. raised iRobot from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $45.00 to $65.00 in a report on Tuesday, May 26th. Colliers Secur. cut iRobot from a “buy” rating to a “neutral” rating in a report on Thursday, July 23rd. BidaskClub raised iRobot from a “hold” rating to a “buy” rating in a report on Thursday, August 20th. Northland Securities increased their price objective on iRobot from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Finally, Piper Sandler increased their price objective on iRobot from $50.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $73.88.
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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