Symbotic (NASDAQ:SYM) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Symbotic (NASDAQ:SYM) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

A number of other analysts have also commented on the company. Robert W. Baird set a $51.00 price objective on Symbotic in a research note on Thursday. The Goldman Sachs Group cut their target price on shares of Symbotic from $54.00 to $45.00 and set a “sell” rating for the company in a research note on Tuesday, May 26th. Needham & Company LLC restated a “buy” rating and issued a $75.00 target price on shares of Symbotic in a report on Thursday. Weiss Ratings lowered shares of Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, DA Davidson reissued a “buy” rating and issued a $70.00 price target on shares of Symbotic in a research note on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.92.

Symbotic Price Performance

Shares of NASDAQ SYM opened at $39.60 on Wednesday. The firm’s 50-day moving average is $42.83 and its two-hundred day moving average is $50.71. The company has a market capitalization of $23.87 billion, a PE ratio of 440.00, a price-to-earnings-growth ratio of 6.86 and a beta of 1.94. Symbotic has a 12-month low of $38.19 and a 12-month high of $87.88.

Symbotic (NASDAQ:SYM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Symbotic had a return on equity of 1.53% and a net margin of 0.48%.The business had revenue of $720.84 million for the quarter, compared to analysts’ expectations of $715.03 million. During the same period last year, the business earned ($0.05) earnings per share. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts forecast that Symbotic will post 0.23 EPS for the current fiscal year.

Insider Transactions at Symbotic

In related news, CFO Izilda P. Martins sold 27,463 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $40.80, for a total value of $1,120,490.40. Following the completion of the transaction, the chief financial officer directly owned 35,171 shares of the company’s stock, valued at $1,434,976.80. This represents a 43.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Todd Krasnow sold 25,422 shares of Symbotic stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $52.45, for a total value of $1,333,383.90. Following the transaction, the director directly owned 182,036 shares in the company, valued at approximately $9,547,788.20. The trade was a 12.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 143,433 shares of company stock worth $6,627,326 in the last quarter. 8.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in shares of Symbotic by 28.8% during the first quarter. Royal Bank of Canada now owns 84,856 shares of the company’s stock worth $1,714,000 after acquiring an additional 18,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Symbotic by 15.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,899 shares of the company’s stock valued at $1,716,000 after purchasing an additional 11,098 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Symbotic in the second quarter valued at about $804,000. Invesco Ltd. raised its stake in shares of Symbotic by 33.2% during the 2nd quarter. Invesco Ltd. now owns 304,207 shares of the company’s stock worth $11,818,000 after purchasing an additional 75,828 shares in the last quarter. Finally, Cresset Asset Management LLC acquired a new stake in shares of Symbotic during the 2nd quarter valued at about $267,000.

More Symbotic News

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Fiscal third-quarter revenue increased 21.7% year over year to approximately $720.8 million, exceeding the $715.0 million analyst consensus. Adjusted EBITDA more than doubled, while the company returned to profitability compared with a loss in the year-ago quarter. Symbotic Q3 Earnings Miss Estimates, Revenues Increase Y/Y
• Positive Sentiment: Symbotic issued fourth-quarter revenue guidance of $760 million to $780 million, broadly in line with the $770.7 million consensus estimate and implying continued sequential growth. Management also highlighted margin gains, product expansion and potential growth inflections in fiscal 2027 and early 2028. SYM Q3 Earnings Call Puts Margin Gains and Expansion in Focus
• Positive Sentiment: Needham reaffirmed its “Buy” rating and assigned a $75 price target, substantially above the referenced trading level, signaling that the firm views the earnings-driven weakness as an opportunity.
• Positive Sentiment: Former Bain Capital co-chair Steve Pagliuca joined Symbotic’s board, potentially adding financial and strategic expertise as the company scales its robotics business. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Several directors sold small amounts of stock through pre-arranged Rule 10b5-1 plans. The transactions have limited signaling value but may modestly affect sentiment.
• Negative Sentiment: Quarterly EPS was $0.09, below the $0.13 consensus estimate. The miss, along with still-thin or inconsistent net margins, likely outweighed the revenue beat and renewed concerns about Symbotic’s ability to convert rapid growth into durable earnings. Symbotic Inc. Misses Q3 Earnings Estimates

Symbotic Company Profile

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.