Is Buying Irobot Corporation (NASDAQ:IRBT) Here Good Idea?

Marco Green
May 25, 2017

The Massachusetts-based Commonwealth Equity Ser has invested 0% in iRobot Corporation (NASDAQ:IRBT).

iRobot Corporation had its " rating reiterated by analysts at Canaccord Genuity.

Shares of iRobot (NASDAQ:IRBT) opened at 97.00 on Wednesday. iRobot has a 12-month low of $33.90 and a 12-month high of $97.68. It has outperformed by 134.23% the S&P500. Ashford Capital Management Inc. now owns 7,240 shares of the industrial products company's stock worth $479,000 after buying an additional 1,670 shares in the last quarter. They expect $-0.22 earnings per share, down 229.41% or $0.39 from last year's $0.17 per share. Interpublic Group Of Companies now has $9.71B valuation. Commercial Bank Of Mellon Corp invested in 548,932 shares or 0.01% of the stock. About 350,523 shares traded. Moreover, Jlb & Associates Inc has 2.82% invested in the company for 24,614 shares. It has underperformed by 13.69% the S&P500.

Prior to the company's earnings report, investors may be tracking directional trends of provided estimates. iRobot Corporation (NASDAQ:IRBT) most recently reported a previous quarter earnings per share of $0.52. The Company's portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. It has a 50.04 P/E ratio. The Firm sells various products that are designed for use at home.

Investors sentiment decreased to 1.08 in 2016 Q4.

According to the the latest analyst ratings which have been released, 2 brokers have issued a rating of "buy", 1 brokers "outperform", 4 brokers "hold", 1 brokers "underperform" and 0 brokers "sell". Sold All: 20 Reduced: 62 Increased: 57 New Position: 48. State of Alaska Department of Revenue raised its position in shares of iRobot by 2.4% in the first quarter. Nelson Roberts Invest Advsr Limited Co has 0.01% invested in iRobot Corporation (NASDAQ:IRBT) for 651 shares. The Kansas-based Kornitzer Capital Mngmt Ks has invested 0.03% in iRobot Corporation (NASDAQ:IRBT).

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, April 25th. Needham & Company LLC restated a "hold" rating on shares of iRobot in a research report on Saturday, April 22nd. Sei Investments has 0% invested in iRobot Corporation (NASDAQ:IRBT) for 163 shares. Macquarie Gru Limited holds 0.01% or 45,100 shares in its portfolio. Timber Hill Ltd Co accumulated 7,946 shares. The 1-year high was reported on May, 24 by Bluestein R H & has 4,035 shares. Cwm Limited Company stated it has 60,051 shares. Scout Invests invested in 103,475 shares. Global X Ltd Llc invested in 0% or 1,358 shares. Needham & Company LLC lowered shares of iRobot from a "buy" rating to a "hold" rating in a research note on Tuesday, January 31st. Another trade for 10,000 shares valued at $592,480 was sold by CHWANG RONALD. Insiders have sold 23,257 shares of company stock valued at $1,656,333 in the last quarter. Also, CEO Colin M. Angle sold 9,485 shares of the company's stock in a transaction that occurred on Monday, April 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Therefore 38% are positive. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. iRobot now has an average rating of "Hold" and an average target price of $65.71. JP Morgan maintained it with "Underweight" rating and $30 target in Wednesday, April 27 report. The company was initiated on Thursday, November 17 by Dougherty & Company. The firm earned "Buy" rating on Monday, October 17 by Benchmark. The stock has "Neutral" rating by Sidoti on Monday, November 14. The company was downgraded on Monday, January 4 by Piper Jaffray. As per Tuesday, October 13, the company rating was maintained by JMP Securities. Blackrock reported 2,647 shares. Williams Companies Inc (NYSE:WMB) has risen 40.20% since May 22, 2016 and is uptrending.

Since February 23, 2017, it had 0 buys, and 11 sales for $31.64 million activity. 562889 shares were traded on iRobot Corporation's last session. Following the sale, the director now owns 46,266 shares in the company, valued at $3,922,431.48. If the $98.30 price target is reached, the company will be worth $79.80M more. 12,000 shares were sold by HUDSON DAWN E, worth $290,640. The stock of Williams Companies Inc (NYSE:WMB) earned "Hold" rating by Jefferies on Tuesday, January 10.

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