Needham analyst James Ricchiuti assigned a Hold rating to iRobot (IRBT) today. The company’s shares closed last Wednesday at $80.10.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 15.3% and a 62.7% 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 $81.33 average price target.
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Based on iRobot’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $193 million and GAAP net loss of $18.14 million. In comparison, last year the company earned revenue of $238 million and had a net profit of $22.52 million.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IRBT in relation to earlier this year.
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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.
