Bank of America cut shares of iRobot (NASDAQ:IRBT) from a neutral rating to an underperform rating in a report issued on Friday, BenzingaRatingsTable reports. Bank of America currently has $77.00 price objective on the industrial products company’s stock.
Other equities research analysts have also recently issued research reports about the company. Dougherty & Co raised iRobot from a neutral rating to a buy rating and set a $80.00 price target for the company in a research note on Monday, May 18th. BidaskClub raised shares of iRobot from a buy rating to a strong-buy rating in a research report on Thursday, May 21st. Northland Securities increased their price target on shares of iRobot from $80.00 to $90.00 and gave the stock an outperform rating in a research note on Tuesday, June 16th. JPMorgan Chase & Co. raised shares of iRobot from an underweight rating to a neutral rating and lifted their price objective for the company from $45.00 to $65.00 in a research note on Tuesday, May 26th. Finally, Piper Sandler increased their target price on shares of iRobot from $50.00 to $75.00 and gave the stock a neutral rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $72.40.
IRBT stock opened at $83.81 on Friday. The company has a 50 day moving average of $75.38 and a two-hundred day moving average of $55.91. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 54.07, a PEG ratio of 10.75 and a beta of 1.72. iRobot has a 12-month low of $32.79 and a 12-month high of $96.10. The company has a quick ratio of 2.47, a current ratio of 3.54 and a debt-to-equity ratio of 0.09.
In other news, Director Andrew Miller sold 900 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $81.83, for a total transaction of $73,647.00. Following the transaction, the director now owns 8,186 shares in the company, valued at approximately $669,860.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Glen Daniel Weinstein sold 3,958 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $65.00, for a total transaction of $257,270.00. Following the transaction, the executive vice president now directly owns 66,559 shares of the company’s stock, valued at approximately $4,326,335. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,814 shares of company stock worth $1,430,261. 2.91% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. grew its holdings in shares of iRobot by 0.4% during the 4th quarter. Alliancebernstein L.P. now owns 48,085 shares of the industrial products company’s stock worth $2,435,000 after purchasing an additional 200 shares in the last quarter. Amalgamated Bank boosted its position in shares of iRobot by 4.2% during the 4th quarter. Amalgamated Bank now owns 5,329 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 217 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in iRobot by 21.6% in the first quarter. Mutual of America Capital Management LLC now owns 1,235 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 219 shares during the period. Banque Cantonale Vaudoise raised its position in iRobot by 4.9% in the first quarter. Banque Cantonale Vaudoise now owns 4,846 shares of the industrial products company’s stock worth $198,000 after purchasing an additional 225 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its stake in iRobot by 3.1% during the fourth quarter. Mason Street Advisors LLC now owns 9,847 shares of the industrial products company’s stock worth $499,000 after purchasing an additional 297 shares during the period.
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.
Featured Story: How is Preferred Stock Different from Common Stock?
Receive News & Ratings for iRobot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot and related companies with MarketBeat.com's FREE daily email newsletter.