Stock Worth Watching: Is iRobot Corporation a Buy? The Stock Reaches 52-Week High Today

Stock Worth Watching: Is iRobot Corporation a Buy? The Stock Reaches 52 Week High Today

The stock of iRobot Corporation (NASDAQ:IRBT) hit a new 52-week high and has $85.34 target or 68.00% above today’s $50.80 share price. The 6 months bullish chart indicates low risk for the $1.38B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $85.34 price target is reached, the company will be worth $938.40 million 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 35,235 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. $52 is the highest target while $28 is the lowest. The $42.80 average target is -15.75% below today’s ($50.8) stock price. IRobot Corporation has been the topic of 9 analyst reports since September 18, 2015 according to StockzIntelligence Inc. JP Morgan downgraded the stock to “Underweight” rating in Friday, March 18 report. The firm has “Market Perform” rating by Raymond James given on Friday, September 18. The firm has “Market Outperform” rating given on Tuesday, October 13 by JMP Securities. The rating was downgraded by Piper Jaffray to “Neutral” on Monday, January 4. The stock has “Buy” rating given by Needham on Thursday, October 27. The stock of iRobot Corporation (NASDAQ:IRBT) earned “Neutral” rating by JP Morgan on Wednesday, January 6. The company was maintained on Wednesday, April 27 by JP Morgan. Benchmark maintained iRobot Corporation (NASDAQ:IRBT) rating on Monday, October 17. Benchmark has “Buy” rating and $52 price target.

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 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.
Price T Rowe Assocs Inc Md last reported 342,316 shares in the company. Independent Portfolio Consultants Incorporated last reported 0.16% of its portfolio in the stock. Moreover, Ubs Asset Americas has 0% invested in iRobot Corporation (NASDAQ:IRBT) for 12,299 shares. Moreover, Pinebridge Invs Lp has 0.01% invested in iRobot Corporation (NASDAQ:IRBT) for 3,542 shares. Moreover, Daiwa Secs Gru Inc has 0% invested in iRobot Corporation (NASDAQ:IRBT) for 19,700 shares. Moreover, Morgan Stanley has 0% invested in iRobot Corporation (NASDAQ:IRBT) for 291,791 shares. The Pennsylvania-based Glenmede Tru Na has invested 0% in iRobot Corporation (NASDAQ:IRBT). Millennium Management Ltd Liability Com holds 0.02% or 192,591 shares in its portfolio. Manufacturers Life Insur The holds 0% of its portfolio in iRobot Corporation (NASDAQ:IRBT) for 18,194 shares. Baillie Gifford And Com, a United Kingdom-based fund reported 530,400 shares. Jefferies Group Ltd Liability Com accumulated 8,392 shares or 0% of the stock. Ls Advisors Ltd Limited Liability Company accumulated 1,036 shares or 0% of the stock. Sg Americas Llc has 0% invested in the company for 8,274 shares. California Pub Employees Retirement Systems accumulated 63,000 shares or 0% of the stock. Twin Management Incorporated holds 40,320 shares or 0.11% of its portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 17 selling transactions for $13.67 million net activity. Dean Alison had sold 11,000 shares worth $477,620 on Monday, October 3. On Monday, August 8 the insider Weinstein Glen Daniel sold $40,000. Shares for $368,368 were sold by CAMPANELLO RUSSELL J on Thursday, September 15. CHWANG RONALD sold $2.08 million worth of stock. $320,087 worth of iRobot Corporation (NASDAQ:IRBT) was sold by GEISSER ANDREA on Tuesday, May 31. Shares for $5.09M were sold by Angle Colin M 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: “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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