Headlines about iRobot (NASDAQ:IRBT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. iRobot earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.6541152390677 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Global Household Vacuum Cleaners Strategic Report 2018: iRobot Faces Strong Competition (markets.financialcontent.com)
- 3 Reasons Why iRobot Is Still a Buy (finance.yahoo.com)
- ‘It’s about teleporting you’: iRobot spin-off Ava Robotics launches teleconference bot (finance.yahoo.com)
- Why iRobot Stock Lost 23.4% in February (finance.yahoo.com)
- UPDATE: iRobot Corp. (IRBT) on Watch Amid Chatter (streetinsider.com)
iRobot (NASDAQ IRBT) traded up $0.45 during trading on Wednesday, hitting $69.57. The stock had a trading volume of 460,263 shares, compared to its average volume of 1,510,000. iRobot has a fifty-two week low of $55.77 and a fifty-two week high of $109.78. The stock has a market cap of $1,940.00, a P/E ratio of 31.77, a P/E/G ratio of 2.04 and a beta of 1.16.
iRobot (NASDAQ:IRBT) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $319.02 million. During the same period in the previous year, the business earned $0.45 EPS. The business’s quarterly revenue was up 53.9% on a year-over-year basis. equities research analysts predict that iRobot will post 2.3 earnings per share for the current year.
iRobot announced that its board has authorized a stock buyback plan on Tuesday, February 27th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
IRBT has been the subject of a number of recent analyst reports. BidaskClub downgraded iRobot from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 9th. Sidoti raised iRobot from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. Zacks Investment Research downgraded iRobot from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of iRobot in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. raised iRobot from an “underweight” rating to a “neutral” rating and set a $61.00 price target for the company in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $68.80.
In other news, Director Andrew Miller sold 441 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 4,670 shares of the company’s stock, valued at approximately $374,113.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Colin M. Angle sold 45,200 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total value of $3,618,712.00. Following the completion of the sale, the chief executive officer now directly owns 534,663 shares of the company’s stock, valued at $42,805,119.78. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by insiders.
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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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