The stock of iRobot Corporation (NASDAQ:IRBT) hit a new 52-week high and has $68.01 target or 53.00% above today’s $44.45 share price. The 6 months bullish chart indicates low risk for the $1.24 billion company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $68.01 price target is reached, the company will be worth $657.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 312,899 shares traded hands or 17.27% up from the average. iRobot Corporation (NASDAQ:IRBT) has risen 28.42% since March 14, 2016 and is uptrending. It has outperformed by 22.81% the S&P500.
Analysts await iRobot Corporation (NASDAQ:IRBT) to report earnings on October, 25 after the close. They expect $0.42 EPS, 0.00% or $0.00 from last year’s $0.42 per share. IRBT’s profit will be $11.72 million for 26.46 P/E if the $0.42 EPS becomes a reality. After $0.17 actual EPS reported by iRobot Corporation for the previous quarter, Wall Street now forecasts 147.06% EPS growth.
iRobot Corporation (NASDAQ:IRBT) Ratings Coverage
Out of 5 analysts covering IRobot Corporation (NASDAQ:IRBT), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. $52 is the highest target while $28 is the lowest. The $40.50 average target is -8.89% below today’s ($44.45) stock price. IRobot Corporation has been the topic of 8 analyst reports since September 18, 2015 according to StockzIntelligence Inc. The stock of iRobot Corporation (NASDAQ:IRBT) has “Market Perform” rating given on Friday, September 18 by Raymond James. As per Friday, March 18, the company rating was downgraded by JP Morgan. The company was maintained on Monday, October 17 by Benchmark. JP Morgan maintained the shares of IRBT in a report on Wednesday, April 27 with “Underweight” rating. JMP Securities maintained iRobot Corporation (NASDAQ:IRBT) on Tuesday, October 13 with “Market Outperform” rating. The firm has “Neutral” rating by Piper Jaffray given on Monday, January 4. JP Morgan upgraded iRobot Corporation (NASDAQ:IRBT) on Wednesday, January 6 to “Neutral” rating.
According to Zacks Investment Research, “iRobot Corp. designs robots that perform dull, dirty or dangerous missions in a better way. The company’s proprietary technology, iRobot AWARE, Robot Intelligence Systems, incorporates advanced concepts in navigation, mobility, manipulation and artificial intelligence. This proprietary system enables iRobot to build behavior-based robots, including its family of consumer and military robots.”
Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.45, from 0.67 in 2016Q1. The ratio is positive, as 15 funds sold all iRobot Corporation shares owned while 62 reduced positions. 41 funds bought stakes while 45 increased positions. They now own 20.54 million shares or 18.76% less from 25.28 million shares in 2016Q1.
Millennium Mngmt Ltd Limited Liability Company, a New York-based fund reported 192,591 shares. Sg Americas Secs Limited Liability Corp reported 8,274 shares or 0% of all its holdings. Geode Capital Mgmt Lc has 231,169 shares for 0% of their US portfolio. Nationwide Fund Advisors reported 19,505 shares or 0% of all its holdings. Pnc Services Gp reported 2,238 shares or 0% of all its holdings. First Quadrant Limited Partnership Ca accumulated 19,200 shares or 0.01% of the stock. Systematic Fincl Management L P accumulated 0.02% or 50,910 shares. Paloma Prtn Mngmt Comm accumulated 0.02% or 56,824 shares. Alps Advsr Inc has 11,894 shares for 0% of their US portfolio. Red Mountain Capital Prtnrs Ltd Liability Com last reported 9.82% of its portfolio in the stock. Moreover, Kbc Gp Nv has 0.01% invested in iRobot Corporation (NASDAQ:IRBT) for 16,915 shares. State Board Of Administration Of Florida Retirement Systems reported 25,390 shares or 0% of all its holdings. Manufacturers Life Insurance Communications The reported 18,194 shares or 0% of all its holdings. Lord Abbett Company Llc accumulated 0.07% or 669,515 shares. Schroder Invest Mngmt holds 0% or 1,450 shares in its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 13 insider sales for $7.84 million net activity. 10,000 iRobot Corporation (NASDAQ:IRBT) shares with value of $401,072 were sold by CHWANG RONALD. $85,000 worth of iRobot Corporation (NASDAQ:IRBT) was sold by Weinstein Glen Daniel. $425,200 worth of iRobot Corporation (NASDAQ:IRBT) shares were sold by CAMPANELLO RUSSELL J. $320,087 worth of iRobot Corporation (NASDAQ:IRBT) was sold by GEISSER ANDREA. Dean Alison had sold 11,000 shares worth $477,620 on Monday, October 3.
More notable recent iRobot Corporation (NASDAQ:IRBT) news were published by: Fool.com which released: “Why iRobot Corporation Stock Plunged Today” on February 11, 2016, also Fool.com with their article: “Why iRobot Corporation is (Still) Resisting Red Mountain” published on April 15, 2016, Fool.com published: “iRobot Corporation Just Won Its Battle With Red Mountain” on May 26, 2016. More interesting news about iRobot Corporation (NASDAQ:IRBT) were released by: Fool.com and their article: “Why iRobot Corporation Stock Popped Today” published on April 27, 2016 as well as Fool.com‘s news article titled: “iRobot Corporation Is Right to Resist This Mountain of Change” with publication date: December 03, 2015.
IRBT Company Profile
iRobot Corporation, incorporated on December 20, 2000, is engaged in designing and building robots. The Company’s portfolio of solutions focus on technologies for the connected home and concepts in navigation, mobility, mapping and artificial intelligence. The Firm operates through consumer robots segment. It creates robots for the consumer, telemedicine and mobile video collaboration markets. The Company’s brands include iRobot, Roomba, Scooba, Mint, ViPR, NorthStar, Create, iAdapt, Aware, Home Base, Looj, Braava, AeroForce, uPoint, AeroVac, Mirra and Virtual Wall.
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