Stock Worth Watching: iRobot Corporation Surges to 52-Week High, Is Now Top Performer

Stock Worth Watching: iRobot Corporation Surges to 52 Week High, Is Now Top Performer

The stock of iRobot Corporation (NASDAQ:IRBT) hit a new 52-week high and has $83.55 target or 69.00% above today’s $49.44 share price. The 5 months bullish chart indicates low risk for the $1.37 billion company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $83.55 price target is reached, the company will be worth $945.30M 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 112,831 shares traded hands. iRobot Corporation (NASDAQ:IRBT) has risen 43.75% since March 30, 2016 and is uptrending. It has outperformed by 40.73% the S&P500.

iRobot Corporation (NASDAQ:IRBT) Ratings Coverage

Out of 6 analysts covering IRobot Corporation (NASDAQ:IRBT), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. IRobot Corporation has been the topic of 9 analyst reports since September 18, 2015 according to StockzIntelligence Inc. The firm earned “Underweight” rating on Friday, March 18 by JP Morgan. Piper Jaffray downgraded iRobot Corporation (NASDAQ:IRBT) on Monday, January 4 to “Neutral” rating. The stock has “Neutral” rating given by JP Morgan on Wednesday, January 6. As per Tuesday, October 13, the company rating was maintained by JMP Securities. As per Thursday, October 27, the company rating was maintained by Needham. On Wednesday, April 27 the stock rating was maintained by JP Morgan with “Underweight”. The stock of iRobot Corporation (NASDAQ:IRBT) has “Market Perform” rating given on Friday, September 18 by Raymond James. The firm has “Buy” rating by Benchmark given on Monday, October 17.

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 Q2 2016. Its up 0.45, from 0.67 in 2016Q1. The ratio improved, 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.
Daiwa Grp Inc Inc reported 19,700 shares or 0% of all its holdings. Wfg Advsrs L P last reported 5,300 shares in the company. Credit Agricole S A owns 1,500 shares or 0% of their US portfolio. Jpmorgan Chase And accumulated 0% or 29,059 shares. Vident Advisory Ltd owns 46,449 shares or 0.23% of their US portfolio. Disciplined Growth Investors Mn accumulated 0.32% or 361,750 shares. Ftb Advsr has 0% invested in the company for 607 shares. Hsbc Hldgs Public Limited holds 0% or 109 shares in its portfolio. Moreover, Kornitzer Cap Inc Ks has 0.02% invested in iRobot Corporation (NASDAQ:IRBT) for 30,700 shares. The Illinois-based Deere And Com has invested 0.01% in iRobot Corporation (NASDAQ:IRBT). Moreover, Victory Management has 0% invested in iRobot Corporation (NASDAQ:IRBT) for 2,364 shares. Public Sector Pension Invest Board has 19,319 shares for 0.01% of their US portfolio. Moneta Invest Advsrs Ltd Llc reported 6,000 shares or 0.05% of all its holdings. Kennedy Inc holds 563,064 shares or 0.4% of its portfolio. Tudor Inv Corp Et Al has 14,257 shares for 0.01% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 17 sales for $13.67 million net activity. CHWANG RONALD sold $530,249 worth of stock. $185,868 worth of iRobot Corporation (NASDAQ:IRBT) shares were sold by Weinstein Glen Daniel. $32,000 worth of iRobot Corporation (NASDAQ:IRBT) shares were sold by CAMPANELLO RUSSELL J. On Tuesday, May 31 the insider GEISSER ANDREA sold $320,087. Dean Alison sold $477,620 worth of iRobot Corporation (NASDAQ:IRBT) on Monday, October 3. 113,950 shares were sold by Angle Colin M, worth $5.09M on Monday, October 17.

More notable recent iRobot Corporation (NASDAQ:IRBT) news were published by: Fool.com which released: “Why iRobot Corporation Stock Is Up Today” on October 26, 2016, also Fool.com with their article: “iRobot Corporation Just Won Its Battle With Red Mountain” published on May 26, 2016, Fool.com published: “Why iRobot Corporation Stock Plunged Today” on February 11, 2016. More interesting news about iRobot Corporation (NASDAQ:IRBT) were released by: Fool.com and their article: “Why iRobot Corporation is (Still) Resisting Red Mountain” published on April 15, 2016 as well as Prnewswire.com‘s news article titled: “iRobot Reports Strong Third-Quarter Financial Results” with publication date: October 25, 2016.

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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