News headlines about iRobot (NASDAQ:IRBT) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. iRobot earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.5233256748657 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- UPDATE: iRobot Corp. (IRBT) on Watch Amid Chatter (streetinsider.com)
- Kennedy Capital Management Inc. Buys Shares of 127,259 iRobot Co. (IRBT) (americanbankingnews.com)
- Comprehensive Stock Analysis – iRobot Corporation (NASDAQ: IRBT) – Alpha Beta Stock (alphabetastock.com)
- Why iRobot Corporation Could Be a Gold Mine for Growth Investors … – Motley Fool (fool.com)
- Swiss National Bank Has $3.61 Million Stake in iRobot Co. (IRBT) (americanbankingnews.com)
Several equities research analysts recently weighed in on IRBT shares. Citigroup began coverage on iRobot in a report on Monday, December 4th. They set a “neutral” rating and a $74.00 target price for the company. BidaskClub upgraded iRobot from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Sidoti cut iRobot from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Piper Jaffray Companies reiterated a “neutral” rating on shares of iRobot in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. upgraded iRobot from an “underweight” rating to a “neutral” rating and set a $61.00 price objective for the company in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. iRobot has an average rating of “Hold” and a consensus target price of $68.80.
iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.29. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The business had revenue of $327.00 million during the quarter, compared to analysts’ expectations of $319.02 million. During the same quarter last year, the business posted $0.45 EPS. The business’s revenue was up 53.9% on a year-over-year basis. analysts expect that iRobot will post 2.3 earnings per share for the current year.
iRobot declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 27th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
In other news, Director Andrew Miller sold 441 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total value of $35,328.51. Following the completion of the transaction, the director now owns 4,670 shares of the company’s stock, valued at approximately $374,113.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Colin M. Angle sold 45,200 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $80.06, for a total value of $3,618,712.00. Following the completion of the transaction, the chief executive officer now directly owns 534,663 shares of the company’s stock, valued at approximately $42,805,119.78. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by corporate insiders.
iRobot Company Profile
iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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