iRobot (NASDAQ:IRBT) Given a $83.00 Price Target by Sidoti Analysts

Sidoti set a $83.00 price objective on iRobot (NASDAQ:IRBT) in a report published on Friday morning, TipRanks reports. The firm currently has a hold rating on the industrial products company’s stock.

Other analysts also recently issued research reports about the stock. Citigroup set a $95.00 target price on shares of iRobot and gave the company a hold rating in a report on Wednesday, July 3rd. Piper Jaffray Companies dropped their target price on shares of iRobot from $96.00 to $75.00 and set a neutral rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of iRobot from $88.00 to $100.00 and gave the company a neutral rating in a report on Thursday, April 18th. Northland Securities reiterated a buy rating and issued a $105.00 target price on shares of iRobot in a report on Thursday, July 25th. Finally, Zacks Investment Research downgraded shares of iRobot from a hold rating to a sell rating and set a $95.00 target price for the company. in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $94.36.

Shares of NASDAQ IRBT traded down $2.16 during midday trading on Friday, reaching $65.52. 1,051,363 shares of the stock were exchanged, compared to its average volume of 859,014. The firm has a 50 day moving average of $84.24. The stock has a market cap of $1.95 billion, a PE ratio of 15.03, a P/E/G ratio of 1.69 and a beta of 1.53. The company has a quick ratio of 1.90, a current ratio of 3.15 and a debt-to-equity ratio of 0.10. iRobot has a twelve month low of $64.52 and a twelve month high of $132.88.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.22. The business had revenue of $260.17 million during the quarter, compared to the consensus estimate of $267.96 million. iRobot had a net margin of 7.57% and a return on equity of 16.06%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS. On average, research analysts predict that iRobot will post 2.73 earnings per share for the current year.

In other iRobot news, Director Andrew Miller sold 878 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $91.97, for a total value of $80,749.66. Following the completion of the transaction, the director now owns 14,199 shares of the company’s stock, valued at approximately $1,305,882.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Colin M. Angle sold 11,486 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $87.07, for a total transaction of $1,000,086.02. Following the completion of the transaction, the chief executive officer now directly owns 402,368 shares of the company’s stock, valued at approximately $35,034,181.76. The disclosure for this sale can be found here. Insiders sold a total of 23,693 shares of company stock valued at $2,156,268 in the last three months. 3.01% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of iRobot by 1.9% during the 1st quarter. BlackRock Inc. now owns 4,018,118 shares of the industrial products company’s stock worth $472,893,000 after purchasing an additional 74,160 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its position in iRobot by 737.0% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 844,390 shares of the industrial products company’s stock valued at $99,376,000 after acquiring an additional 743,512 shares during the last quarter. Baillie Gifford & Co. lifted its position in iRobot by 0.5% in the second quarter. Baillie Gifford & Co. now owns 746,231 shares of the industrial products company’s stock valued at $68,384,000 after acquiring an additional 3,840 shares during the last quarter. Norges Bank purchased a new stake in iRobot in the fourth quarter valued at $33,787,000. Finally, Rothschild & Co. Asset Management US Inc. lifted its position in iRobot by 2.1% in the second quarter. Rothschild & Co. Asset Management US Inc. now owns 259,739 shares of the industrial products company’s stock valued at $23,802,000 after acquiring an additional 5,356 shares during the last quarter. 97.16% of the stock is owned by institutional investors.

About iRobot

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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