The stock of iRobot Corporation (NASDAQ:IRBT) hit a new 52-week high and has $78.88 target or 44.00% above today’s $54.78 share price. The 7 months bullish chart indicates low risk for the $1.53 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $78.88 price target is reached, the company will be worth $673.20 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 92,271 shares traded hands. iRobot Corporation (NASDAQ:IRBT) has risen 50.86% since April 15, 2016 and is uptrending. It has outperformed by 46.24% the S&P500.
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. Sidoti initiated the shares of IRBT in a report on Monday, November 14 with “Neutral” rating. As per Friday, September 18, the company rating was downgraded by Raymond James. The rating was maintained by Needham on Thursday, October 27 with “Buy”. The rating was maintained by JMP Securities on Tuesday, October 13 with “Market Outperform”. The stock of iRobot Corporation (NASDAQ:IRBT) earned “Buy” rating by Benchmark on Monday, November 14. Benchmark maintained iRobot Corporation (NASDAQ:IRBT) on Monday, October 17 with “Buy” rating. The firm has “Neutral” rating by Piper Jaffray given on Monday, January 4. As per Friday, March 18, the company rating was downgraded by JP Morgan. The stock has “Hold” rating given by Needham on Monday, November 14. As per Thursday, November 17, the company rating was initiated by Dougherty & Company.
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.
Pacad Investment Limited has invested 0.01% of its portfolio in iRobot Corporation (NASDAQ:IRBT). The Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0% in iRobot Corporation (NASDAQ:IRBT). Numeric Invsts Ltd Limited Liability Company owns 6,800 shares or 0% of their US portfolio. River And Mercantile Asset Llp, a United Kingdom-based fund reported 2,200 shares. Goldman Sachs Grp Inc last reported 0% of its portfolio in the stock. Schroder Invest Management accumulated 0% or 1,450 shares. Barrow Hanley Mewhinney Strauss Ltd Liability owns 114,782 shares or 0.01% of their US portfolio. Paloma Prtn Mngmt Communications holds 56,824 shares or 0.02% of its portfolio. Moreover, Principal Fin Group Incorporated has 0.01% invested in iRobot Corporation (NASDAQ:IRBT) for 199,442 shares. Blackrock Incorporated has invested 0% of its portfolio in iRobot Corporation (NASDAQ:IRBT). Blackrock Ltd Liability Company last reported 38,484 shares in the company. Lord Abbett And Limited Liability Com, a New Jersey-based fund reported 669,515 shares. Hbk Invests L P holds 53,000 shares or 0.02% of its portfolio. Hsbc Holding Public Limited Company accumulated 109 shares or 0% of the stock. State Board Of Administration Of Florida Retirement Systems accumulated 0% or 25,390 shares.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 17 sales for $13.67 million net activity. $32,000 worth of iRobot Corporation (NASDAQ:IRBT) was sold by CAMPANELLO RUSSELL J on Friday, September 9. Another trade for 11,000 shares valued at $477,620 was sold by Dean Alison. The insider CHWANG RONALD sold $2.08 million. $5.09 million worth of iRobot Corporation (NASDAQ:IRBT) shares were sold by Angle Colin M. GEISSER ANDREA also sold $130,348 worth of iRobot Corporation (NASDAQ:IRBT) on Tuesday, August 9. 2,000 iRobot Corporation (NASDAQ:IRBT) shares with value of $85,000 were sold by Weinstein Glen Daniel.
More 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 published the news titled: “Why iRobot Corporation’s Shares Popped 15% in October” on November 08, 2016. Prnewswire.com‘s news article titled: “iRobot Reports Strong Third-Quarter Financial Results” with publication date: October 25, 2016 was also an interesting one.
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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