The stock of iRobot Corporation (NASDAQ:IRBT) reached all time high today, Nov, 29 and still has $60.96 target or 6.00% above today’s $57.51 share price. This indicates more upside for the $1.58 billion company. This technical setup was reported by Barchart.com. If the $60.96 PT is reached, the company will be worth $94.80 million 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 500,108 shares traded hands or 16.19% up from the average. iRobot Corporation (NASDAQ:IRBT) has risen 60.50% since April 26, 2016 and is uptrending. It has outperformed by 55.24% the S&P500.
Analysts await iRobot Corporation (NASDAQ:IRBT) to report earnings on February, 8. They expect $0.39 EPS, down 40.00% or $0.26 from last year’s $0.65 per share. IRBT’s profit will be $10.71 million for 36.87 P/E if the $0.39 EPS becomes a reality. After $0.70 actual EPS 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. JP Morgan downgraded the stock to “Underweight” rating in Friday, March 18 report. On Monday, November 14 the stock rating was downgraded by Needham to “Hold”. The company was maintained on Tuesday, October 13 by JMP Securities. The firm has “Market Perform” rating given on Friday, September 18 by Raymond James. Sidoti initiated the shares of IRBT in a report on Monday, November 14 with “Neutral” rating. Benchmark maintained the shares of IRBT in a report on Monday, October 17 with “Buy” rating. Benchmark maintained it with “Buy” rating and $64 target price in Monday, November 14 report. On Thursday, October 27 the stock rating was maintained by Needham with “Buy”. The firm earned “Neutral” rating on Monday, January 4 by Piper Jaffray. JP Morgan upgraded the shares of IRBT in a report on Wednesday, January 6 to “Neutral” 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 decreased to 1.07 in 2016 Q2. Its down 0.05, from 1.12 in 2016Q1. The ratio turned 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.
Independent Portfolio Consultants, a Florida-based fund reported 14,055 shares. Profund Advisors Limited Liability Corporation accumulated 6,703 shares or 0.01% of the stock. Arrowstreet Capital Limited Partnership has invested 0.01% of its portfolio in iRobot Corporation (NASDAQ:IRBT). Babson Capital Mgmt Lc accumulated 10,500 shares or 0.01% of the stock. Nelson Roberts Invest Advsrs Ltd Com reported 2,200 shares or 0.03% of all its holdings. Connors Investor Svcs accumulated 72,981 shares or 0.5% of the stock. Deere Communications owns 6,936 shares or 0.01% of their US portfolio. Canal Ins Co last reported 0.43% of its portfolio in the stock. Convergence Invest Prtnrs Ltd, a Wisconsin-based fund reported 36,512 shares. Cap One Association has 7,029 shares for 0.02% of their US portfolio. Neuberger Berman Grp Ltd Liability Corporation holds 0.01% or 304,430 shares in its portfolio. Tower Research Capital Limited Co (Trc) has 1,175 shares for 0% of their US portfolio. The France-based Natixis has invested 0.01% in iRobot Corporation (NASDAQ:IRBT). First L P holds 0% or 40,299 shares in its portfolio. Pinebridge Investments Limited Partnership owns 3,542 shares or 0.01% of their US portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 15 selling transactions for $10.58 million net activity. The insider CHWANG RONALD sold $401,072. Weinstein Glen Daniel sold $184,829 worth of iRobot Corporation (NASDAQ:IRBT) on Monday, October 17. On Tuesday, August 9 GEISSER ANDREA sold $130,348 worth of the stock or 3,243 shares. CAMPANELLO RUSSELL J had sold 800 shares worth $32,000. Dean Alison sold $477,620 worth of iRobot Corporation (NASDAQ:IRBT) on Monday, October 3. Angle Colin M sold $5.09 million worth of stock or 113,950 shares.
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 Jumped 12.6% in March” on April 05, 2016. More interesting news about iRobot Corporation (NASDAQ:IRBT) were released by: Fool.com and their article: “Why iRobot Corporation Stock Plunged Today” published on February 11, 2016 as well as Fool.com‘s news article titled: “Why iRobot Corporation is (Still) Resisting Red Mountain” with publication date: April 15, 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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