iRobot (IRBT) Now Covered by Analysts at Northland Securities

Northland Securities initiated coverage on shares of iRobot (NASDAQ:IRBT) in a report issued on Friday. The firm issued an outperform rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the stock. Sidoti lowered shares of iRobot from a buy rating to a neutral rating in a research note on Tuesday, January 30th. Piper Jaffray Companies restated a neutral rating on shares of iRobot in a research note on Thursday, February 8th. Zacks Investment Research lowered shares of iRobot from a buy rating to a hold rating in a research note on Tuesday. BidaskClub lowered shares of iRobot from a strong-buy rating to a buy rating in a research note on Tuesday, January 9th. Finally, JPMorgan Chase & Co. upgraded shares of iRobot from an underweight rating to a neutral rating and set a $61.00 price objective on the stock in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $68.80.

Shares of iRobot (NASDAQ IRBT) traded up $0.44 during trading on Friday, reaching $66.39. 873,634 shares of the company’s stock were exchanged, compared to its average volume of 1,490,000. iRobot has a twelve month low of $55.11 and a twelve month high of $109.78. The firm has a market cap of $1,860.00, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 1.90 and a beta of 0.94.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.29. iRobot had a net margin of 5.77% and a return on equity of 12.62%. The business had revenue of $327.00 million for the quarter, compared to analyst estimates of $319.02 million. During the same quarter in the prior year, the business posted $0.45 EPS. iRobot’s revenue for the quarter was up 53.9% compared to the same quarter last year. analysts expect that iRobot will post 2.32 EPS for the current fiscal year.

In other news, CEO Colin M. Angle sold 45,200 shares of the stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total value of $3,618,712.00. Following the sale, the chief executive officer now owns 534,663 shares in the company, valued at $42,805,119.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew Miller sold 441 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total transaction of $35,328.51. Following the completion of the sale, the director now owns 4,670 shares in the company, valued at approximately $374,113.70. The disclosure for this sale can be found here. 4.49% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN increased its stake in shares of iRobot by 3.1% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 377,008 shares of the industrial products company’s stock worth $28,917,000 after acquiring an additional 11,202 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of iRobot in the fourth quarter worth $956,000. Municipal Employees Retirement System of Michigan boosted its holdings in iRobot by 10.9% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 11,540 shares of the industrial products company’s stock worth $885,000 after buying an additional 1,130 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in iRobot during the fourth quarter worth $645,000. Finally, Vident Investment Advisory LLC boosted its holdings in iRobot by 107.6% during the fourth quarter. Vident Investment Advisory LLC now owns 484,539 shares of the industrial products company’s stock worth $37,164,000 after buying an additional 251,095 shares in the last quarter. Hedge funds and other institutional investors own 80.54% of the company’s stock.

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iRobot Company Profile

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.

Analyst Recommendations for iRobot (NASDAQ:IRBT)

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