Needham analyst James Ricchiuti assigned a Hold rating to iRobot (IRBT) today. The company’s shares closed last Wednesday at $60.10.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 11.9% and a 58.2% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Faro Technologies.
iRobot has an analyst consensus of Hold, with a price target consensus of $48.40.
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iRobot’s market cap is currently $1.7B and has a P/E ratio of 19.20. The company has a Price to Book ratio of 3.05.
Based on the recent corporate insider activity of 38 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 36,175 shares for a total of $826,961.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
