The Vanguard Group, Inc. has recently announced that it has increased stake in Irobot Corp (NASDAQ:IRBT) by 0.68%. After grabbing 2.88 million shares, the institutional investor is now in possession of 19346.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 10.33% having worth around $103.94 million. Moreover, SSgA Funds Management, Inc. increased its share by 24025.0 to have a control over 1.13 million shares. And Dimensional Fund Advisors LP raised its holdings to 11188.0 shares by acquiring 0.57 million shares or 2.06% of the stake.
Irobot Corp (IRBT) concluded trading on 01/10/24 at a closing price of $29.75, with 4.89 million shares of worth about $145.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -36.70% during that period and on Wednesday the price saw a loss of about -19.77%. Currently the company’s common shares owned by public are about 27.42M shares, out of which, 26.92M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the IRBT stock and their offered price forecasts bring an average price target of $51.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $51.00 and could fall to a lowest price of $51.00. The stock’s current price level is 41.67% above of average price target set by the analysts, while a rise to estimated low would result in gain of 41.67% for the stock. However, touching the estimated high of $51.00 would mean a gain of 41.67% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 58 times over the past 12 months. They bought 153,134 shares in 15 of the transactions. In 43 selling transactions, insiders dumped 66,343 shares.
iShares Core S&P Small Cap ETF, PRIMECAP Odyssey Growth Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Irobot Corp iShares Core S&P Small Cap ETF is currently holding 1.85 million shares of worth totaling $66.69 million. The company recently came buying 1020.0 shares which brought its stake up to 6.63% of the company’s outstanding shares. PRIMECAP Odyssey Growth Fund sold 16898.0 shares, after which its hold over company’s outstanding shares shrunk to 3.68%, leaving 1.03 million shares with the mutual fund that have a worth of about $37.03 million. Vanguard Total Stock Market ETF, after buying 0.83 million shares, have now control over 2.98% of the stake in the company. It holds 2332.0 shares of worth $29.99 million.
Irobot Corp (NASDAQ: IRBT) started trading at $36.99, below -$0.09 from concluding price of the previous day. Stock saw a price change of -22.73% in past 5 days and over the past one month there was a price change of -25.06%. Year-to-date (YTD), IRBT shares are showing a performance of -23.13% which decreased to -38.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.23 but also hit the highest price of $51.49 during that period. The average intraday trading volume for Irobot Corp shares is 622.51K. The stock is currently trading -22.25% below its 20-day simple moving average (SMA20), while that difference is down -15.73% for SMA50 and it goes to -23.08% lower than SMA200.
The Vanguard Group, Inc. acquired 2.88 million shares of Irobot Corp having value of about $103.94 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 19346.0 shares in the company valued at close to $575543.5, or have control over 0.68% stake in the company. Irobot Corp (NASDAQ: IRBT) currently have 27.42M outstanding shares and institutions hold larger chunk of about 80.86% of that. Holding of mutual funds in the company is about 34.22% while other institutional holders and individual stake holders have control over 47.94% and 15.68% of the stake respectively.
The stock has a current market capitalization of $829.13M and its 3Y-monthly beta is at 1.04. It has posted earnings per share of -$11.81 in the same period. It has Quick Ratio of 0.96 while making debt-to-equity ratio of 0.94. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IRBT, volatility over the week remained 7.40% while standing at 3.81% over the month.
Analysts are in expectations that Irobot Corp (IRBT) stock would likely to be making an EPS of -$1.83 in the current quarter, while forecast for next quarter EPS is -$1.06 and it is -$3.98 for next year. For the current quarter EPS, analysts have given the company a lowest target -$2.42 which is -$1.24 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -78.85% while it is estimated to increase by 48.66% in next year.
Analysts at 2 brokerage firms have issued recommendations for the Irobot Corp (IRBT)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 2 Wall Street analysts, 0 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on May 06, 2022 offering an Underweight rating for the stock and assigned a target price range of between $65 and $45 to it.
