Notable Mover: What Next for iRobot Corporation Stock After Making All Time High?

Notable Mover: What Next for iRobot Corporation Stock After Making All Time High?

The stock of iRobot Corporation (NASDAQ:IRBT) reached all time high today, Nov, 7 and still has $63.38 target or 25.00% above today’s $50.70 share price. This indicates more upside for the $1.38 billion company. This technical setup was reported by Barchart.com. If the $63.38 PT is reached, the company will be worth $345.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 57,865 shares traded hands. iRobot Corporation (NASDAQ:IRBT) has risen 43.93% since April 5, 2016 and is uptrending. It has outperformed by 41.98% 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 stock of iRobot Corporation (NASDAQ:IRBT) has “Underweight” rating given on Wednesday, April 27 by JP Morgan. JP Morgan upgraded the stock to “Neutral” rating in Wednesday, January 6 report. The firm earned “Neutral” rating on Monday, January 4 by Piper Jaffray. The rating was maintained by Benchmark on Monday, October 17 with “Buy”. The company was maintained on Tuesday, October 13 by JMP Securities. Needham maintained the stock with “Buy” rating in Thursday, October 27 report. JP Morgan downgraded the shares of IRBT in a report on Friday, March 18 to “Underweight” rating. On Friday, September 18 the stock rating was downgraded by Raymond James to “Market Perform”.

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 increased, 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.
Menta Cap Ltd Liability Corporation holds 0.19% of its portfolio in iRobot Corporation (NASDAQ:IRBT) for 38,519 shares. River Mercantile Asset Llp has 2,200 shares for 0.03% of their US portfolio. Fincl Bank Of New York Mellon Corp accumulated 0.01% or 841,793 shares. Timber Hill Ltd Liability reported 11,705 shares or 0% of all its holdings. Millennium Management Ltd Liability Co holds 0.02% or 192,591 shares in its portfolio. Ls Invest Advsr Ltd Llc last reported 1,036 shares in the company. New York State Common Retirement Fund reported 29,300 shares or 0% of all its holdings. Capstone Asset Mgmt Com has 8,576 shares for 0.01% of their US portfolio. Spark Management Limited Liability, a New York-based fund reported 128,200 shares. Blackrock Institutional Trust Na owns 704,259 shares or 0% of their US portfolio. Victory Capital Mngmt holds 2,364 shares or 0% of its portfolio. Independent Portfolio Consultants Incorporated holds 14,055 shares or 0.16% of its portfolio. Cwm Ltd Liability Co owns 141,754 shares or 0.36% of their US portfolio. Creative Planning last reported 0% of its portfolio in the stock. Comerica National Bank accumulated 0.03% or 80,325 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 17 sales for $13.67 million net activity. $85,000 worth of iRobot Corporation (NASDAQ:IRBT) was sold by Weinstein Glen Daniel. CAMPANELLO RUSSELL J sold $425,200 worth of stock. The insider CHWANG RONALD sold 71,955 shares worth $2.77 million. GEISSER ANDREA sold $320,087 worth of iRobot Corporation (NASDAQ:IRBT) on Tuesday, May 31. The insider Angle Colin M sold 113,950 shares worth $5.09 million. 11,000 shares were sold by Dean Alison, worth $477,620.

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: “Why iRobot Corporation Stock Plunged Today” published on February 11, 2016, Fool.com published: “Why iRobot Corporation is (Still) Resisting Red Mountain” on April 15, 2016. More interesting news about iRobot Corporation (NASDAQ:IRBT) were released by: Fool.com and their article: “iRobot Corporation Just Won Its Battle With Red Mountain” published on May 26, 2016 as well as Fool.com‘s news article titled: “Why iRobot Corporation Stock Popped Today” with publication date: April 27, 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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