The stock of iRobot Corporation (NASDAQ:IRBT) hit a new 52-week high and has $60.69 target or 9.00% above today’s $55.68 share price. The 8 months bullish chart indicates low risk for the $1.52 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $60.69 price target is reached, the company will be worth $136.80 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 367,512 shares traded hands. iRobot Corporation (NASDAQ:IRBT) has risen 58.35% since April 25, 2016 and is uptrending. It has outperformed by 52.34% the S&P500.
Analysts await iRobot Corporation (NASDAQ:IRBT) to report earnings on February, 8. They expect $0.39 earnings per share, down 40.00% or $0.26 from last year’s $0.65 per share. IRBT’s profit will be $10.65M for 35.69 P/E if the $0.39 EPS becomes a reality. After $0.70 actual earnings per share reported by iRobot Corporation for the previous quarter, Wall Street now forecasts -44.29% negative EPS growth.
iRobot Corporation (NASDAQ:IRBT) Ratings Coverage
Out of 8 analysts covering IRobot Corporation (NASDAQ:IRBT), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. IRobot Corporation has been the topic of 13 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. Needham downgraded the stock to “Hold” rating in Monday, November 14 report. JP Morgan downgraded the stock to “Underweight” rating in Friday, March 18 report. The firm has “Market Outperform” rating by JMP Securities given on Tuesday, October 13. The firm has “Buy” rating by Benchmark given on Monday, November 14. The company was initiated on Monday, November 14 by Sidoti. The rating was maintained by JP Morgan on Wednesday, April 27 with “Underweight”. Dougherty & Company initiated iRobot Corporation (NASDAQ:IRBT) rating on Thursday, November 17. Dougherty & Company has “Buy” rating and $65 price target. The firm has “Neutral” rating given on Monday, January 4 by Piper Jaffray. On Wednesday, January 6 the stock rating was upgraded by JP Morgan to “Neutral”.
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 decreased to 1.07 in 2016 Q2. Its down 0.05, from 1.12 in 2016Q1. The ratio is negative, 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.
Legal And General Gp Pcl has 4,757 shares for 0% of their US portfolio. Timber Hill Lc owns 11,705 shares or 0% of their US portfolio. Mycio Wealth Prtnrs Ltd Liability Corp, a Pennsylvania-based fund reported 100 shares. The Maine-based Schroder Inv Mgmt has invested 0% in iRobot Corporation (NASDAQ:IRBT). Moreover, Louisiana State Employees Retirement Systems has 0.02% invested in iRobot Corporation (NASDAQ:IRBT) for 12,200 shares. Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0% invested in iRobot Corporation (NASDAQ:IRBT) for 9,100 shares. Moreover, Alliancebernstein Lp has 0% invested in iRobot Corporation (NASDAQ:IRBT) for 37,117 shares. Convergence Investment Ptnrs Ltd Liability holds 0.18% or 36,512 shares in its portfolio. Blackrock Advsrs Lc holds 0% or 38,484 shares in its portfolio. Products Ptnrs Limited Co has invested 0.13% of its portfolio in iRobot Corporation (NASDAQ:IRBT). Shell Asset Mgmt reported 318,077 shares or 0.26% of all its holdings. Millennium Lc holds 0.02% or 192,591 shares in its portfolio. Moreover, State Common Retirement Fund has 0% invested in iRobot Corporation (NASDAQ:IRBT) for 29,300 shares. Mirador Lp last reported 1.71% of its portfolio in the stock. Vanguard Grp Inc has invested 0% of its portfolio in iRobot Corporation (NASDAQ:IRBT).
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 15 insider sales for $10.58 million net activity. $530,249 worth of iRobot Corporation (NASDAQ:IRBT) was sold by CHWANG RONALD on Wednesday, June 8. The insider CAMPANELLO RUSSELL J sold 10,000 shares worth $425,200. Weinstein Glen Daniel had sold 4,108 shares worth $184,829 on Monday, October 17. $5.09 million worth of iRobot Corporation (NASDAQ:IRBT) was sold by Angle Colin M. GEISSER ANDREA sold $130,348 worth of stock or 3,243 shares. 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: “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 Fool.com‘s news article titled: “Why iRobot Corporation’s Shares Popped 15% in October” with publication date: November 08, 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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