Media coverage about iRobot (NASDAQ:IRBT) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. iRobot earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.8039305478217 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’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)
IRBT has been the subject of a number of research reports. Sidoti downgraded iRobot from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. BidaskClub upgraded iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 18th. Citigroup initiated coverage on iRobot in a research note on Monday, December 4th. They issued a “neutral” rating and a $74.00 target price for the company. Zacks Investment Research downgraded iRobot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, JPMorgan Chase & Co. upgraded iRobot from an “underweight” rating to a “neutral” rating and set a $61.00 target price for the company in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. iRobot currently has a consensus rating of “Hold” and an average target price of $68.80.
iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.29. The business had revenue of $327.00 million during the quarter, compared to the consensus estimate of $319.02 million. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The business’s revenue was up 53.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. analysts forecast that iRobot will post 2.3 earnings per share for the current year.
iRobot declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 27th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
In related news, Director Andrew Miller sold 441 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total transaction of $35,328.51. Following the sale, the director now owns 4,670 shares of the company’s stock, valued at $374,113.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Colin M. Angle sold 45,200 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $80.06, for a total value of $3,618,712.00. Following the sale, the chief executive officer now directly owns 534,663 shares in the company, valued at approximately $42,805,119.78. The disclosure for this sale can be found here. 4.49% of the stock is owned by insiders.
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iRobot Company Profile
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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