The stock of iRobot Corporation (NASDAQ:IRBT) hit a new 52-week high and has $63.45 target or 47.00% above today’s $43.16 share price. The 8 months bullish chart indicates low risk for the $1.18B company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $63.45 price target is reached, the company will be worth $554.60M 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 45,790 shares traded hands. iRobot Corporation (NASDAQ:IRBT) has risen 33.35% since March 4, 2016 and is uptrending. It has outperformed by 25.31% 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 $11.48M for 25.69 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 4 analysts covering IRobot Corporation (NASDAQ:IRBT), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. IRobot Corporation has been the topic of 7 analyst reports since September 18, 2015 according to StockzIntelligence Inc. The stock has “Underweight” rating given by JP Morgan on Wednesday, April 27. The firm has “Underweight” rating given on Friday, March 18 by JP Morgan. The stock of iRobot Corporation (NASDAQ:IRBT) earned “Neutral” rating by JP Morgan on Wednesday, January 6. Piper Jaffray downgraded it to “Neutral” rating and $35 target price in Monday, January 4 report. The stock has “Market Perform” rating given by Raymond James on Friday, September 18. JMP Securities maintained the shares of IRBT in a report on Tuesday, October 13 with “Market Outperform” 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 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.
Hbk Invs Limited Partnership has invested 0.02% of its portfolio in iRobot Corporation (NASDAQ:IRBT). Moreover, Dimensional Fund Advsr L P has 0.02% invested in iRobot Corporation (NASDAQ:IRBT) for 832,334 shares. Bogle Inv Mgmt L P De holds 38,434 shares or 0.09% of its portfolio. Connors Investor has 0.5% invested in the company for 72,981 shares. Gsa Capital Llp owns 14,477 shares or 0.03% of their US portfolio. Cubist Systematic Strategies Lc has 0.03% invested in the company for 12,884 shares. Deutsche Bancorp Ag holds 0.01% or 222,611 shares in its portfolio. Commonwealth Equity accumulated 14,213 shares or 0% of the stock. Columbia Wanger Asset Mngmt Ltd Llc holds 0.63% of its portfolio in iRobot Corporation (NASDAQ:IRBT) for 1.54 million shares. Qs Investors Ltd Co holds 0% or 10 shares in its portfolio. Moreover, Pacad Limited has 0.01% invested in iRobot Corporation (NASDAQ:IRBT) for 1,800 shares. Tributary Capital Mgmt Limited Com last reported 162,611 shares in the company. Oxford Asset Mgmt last reported 0.04% of its portfolio in the stock. The California-based Blackrock Institutional Trust Na has invested 0% in iRobot Corporation (NASDAQ:IRBT). Sei Invs holds 0% or 1,222 shares in its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 13 sales for $7.84 million net activity. CHWANG RONALD also sold $2.08 million worth of iRobot Corporation (NASDAQ:IRBT) on Monday, June 6. Another trade for 2,000 shares valued at $85,000 was sold by Weinstein Glen Daniel. On Tuesday, August 9 the insider GEISSER ANDREA sold $130,348. The insider CAMPANELLO RUSSELL J sold $32,000. On Monday, October 3 the insider Dean Alison sold $477,620.
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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