Somewhat Positive News Coverage Somewhat Unlikely to Impact iRobot (IRBT) Stock Price

News coverage about iRobot (NASDAQ:IRBT) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. iRobot earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.8039305478217 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

NASDAQ:IRBT traded up $1.10 on Thursday, hitting $64.19. 543,722 shares of the company’s stock were exchanged, compared to its average volume of 1,102,921. iRobot has a 52 week low of $55.77 and a 52 week high of $109.78. The stock has a market capitalization of $1,833.21, a PE ratio of 36.27, a price-to-earnings-growth ratio of 1.94 and a beta of 1.16.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.25 by $0.29. iRobot had a net margin of 5.77% and a return on equity of 12.62%. The firm had revenue of $327.00 million for the quarter, compared to analysts’ expectations of $319.02 million. During the same period in the previous year, the firm posted $0.45 EPS. The company’s revenue for the quarter was up 53.9% on a year-over-year basis. research analysts expect that iRobot will post 2.26 EPS for the current year.

iRobot announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 27th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Several research firms recently commented on IRBT. Sidoti cut shares of iRobot from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. BidaskClub raised shares of iRobot from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 18th. Citigroup began coverage on shares of iRobot in a research report on Monday, December 4th. They issued a “neutral” rating and a $74.00 price objective on the stock. Northland Securities began coverage on shares of iRobot in a research report on Friday, February 16th. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research cut shares of iRobot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $68.80.

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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.

Insider Buying and Selling by Quarter for iRobot (NASDAQ:IRBT)

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