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:
- Global Pool Cleaners Market 2018 – Fluidra, IRobot, Desjoyaux, WaterCo, SmartPool (factsweek.com)
- Signals from Technical Perspective – iRobot Corporation (NASDAQ: IRBT) (stockspen.com)
- Financial Analysis: iRobot (IRBT) & RBC Bearings (ROLL) (americanbankingnews.com)
- iRobot (IRBT) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- Global Cloud Robotics Market Growth Forecast by 2023: Irobot, Mitsubishi, Yaskawa and SoftBank (factsweek.com)
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 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.
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