iRobot (IRBT) Receives a Hold from Needham
In a report released today, James Ricchiuti from Needham assigned a Hold rating to iRobot (IRBT). The company’s shares closed last Tuesday at $91.70.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 22.9% and a 66.1% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Faro Technologies.
The word on The Street in general, suggests a Hold analyst consensus rating for iRobot with a $140.25 average price target.
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iRobot’s market cap is currently $2.95B and has a P/E ratio of 21.10. The company has a Price to Book ratio of 4.62.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IRBT in relation to earlier this year. Last month, Colin Angle, the CEO of IRBT bought 19,700 shares for a total of $697,971.
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iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums, robot maps, and pool cleaners. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.