The stock of iRobot Corporation (NASDAQ:IRBT) reached all time high today, Nov, 18 and still has $70.15 target or 27.00% above today’s $55.24 share price. This indicates more upside for the $1.54B company. This technical setup was reported by Barchart.com. If the $70.15 PT is reached, the company will be worth $415.80M 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 68,721 shares traded hands. iRobot Corporation (NASDAQ:IRBT) has risen 54.50% since April 18, 2016 and is uptrending. It has outperformed by 50.07% 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. The firm has “Neutral” rating given on Monday, January 4 by Piper Jaffray. The stock of iRobot Corporation (NASDAQ:IRBT) has “Underweight” rating given on Wednesday, April 27 by JP Morgan. The stock has “Buy” rating given by Needham on Thursday, October 27. The rating was initiated by Dougherty & Company with “Buy” on Thursday, November 17. The firm has “Buy” rating given on Monday, November 14 by Benchmark. The stock has “Neutral” rating given by JP Morgan on Wednesday, January 6. The company was downgraded on Friday, September 18 by Raymond James. The firm has “Buy” rating given on Monday, October 17 by Benchmark. The firm has “Underweight” rating by JP Morgan given on Friday, March 18. On Monday, November 14 the stock rating was downgraded by Needham to “Hold”.
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 worsened, 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.
Old Mutual Glob Investors (Uk) Ltd holds 0.03% or 41,696 shares in its portfolio. One Association owns 7,029 shares or 0.02% of their US portfolio. First Bancorporation Of Omaha holds 0.04% or 14,750 shares in its portfolio. Goldman Sachs Group last reported 0% of its portfolio in the stock. The Pennsylvania-based Connors Investor Services has invested 0.5% in iRobot Corporation (NASDAQ:IRBT). Walleye Trading Llc last reported 4,645 shares in the company. Sei has invested 0% of its portfolio in iRobot Corporation (NASDAQ:IRBT). State Street Corporation, a Massachusetts-based fund reported 538,931 shares. Pacad Invest Ltd accumulated 0.01% or 1,800 shares. The New York-based Ny State Common Retirement Fund has invested 0% in iRobot Corporation (NASDAQ:IRBT). Daiwa Secs Gp Inc has invested 0% of its portfolio in iRobot Corporation (NASDAQ:IRBT). Advisory Ser Ntwk Ltd Limited Liability Company last reported 1,300 shares in the company. Bath Savings Trust reported 15,078 shares or 0.17% of all its holdings. The Massachusetts-based Geode Cap Mngmt Ltd Liability Corp has invested 0% in iRobot Corporation (NASDAQ:IRBT). Baillie Gifford Co holds 0.03% or 530,400 shares in its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 17 selling transactions for $13.67 million net activity. $40,000 worth of iRobot Corporation (NASDAQ:IRBT) shares were sold by Weinstein Glen Daniel. Shares for $368,368 were sold by CAMPANELLO RUSSELL J. CHWANG RONALD had sold 71,955 shares worth $2.77M. The insider GEISSER ANDREA sold 3,243 shares worth $130,348. Shares for $477,620 were sold by Dean Alison on Monday, October 3. Angle Colin M had sold 113,950 shares worth $5.09 million on Monday, October 17.
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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