You all likely know of iRobot Corporation’s (NASDAQ:IRBT) top selling products, their Roomba robotic vacuum cleaners. Well, investors seem to be taking a keen liking to their stock this holiday season as shares today have hit a new 52-week high of $37.71 before pulling back slightly this afternoon.
Shares of iRobot Corporation (NASDAQ:IRBT) have been on a torrid upswing over the last four weeks, as the stock price has risen over 20% in that period. With a possible robotic lawnmower in the company’s future, and a PE ratio of just 32, some investors question whether the stock may still be undervalued. The stock is up 2.48% or $0.9 following the news, hitting $37.19 per share. About 719,605 shares traded hands or up 164.30% from the average. IRBT has risen 12.18% since May 14, 2015 and is currently uptrending. It has outperformed the S&P500 by 14.44%.
From a total of 3 analysts covering IRobot Corporation (NASDAQ:IRBT) stock, 1 rate it a “Buy”, 1 a “Sell”, and 1 a “Hold”. This means that 33% of the ratings are positive. The highest target price is $45 while the lowest target price is $33. The mean of all analyst targets is $39 which is 4.87% above today’s ($37.19) stock price. IRobot Corporation was the topic of 3 analyst reports since September 18, 2015 according to the firm StockzIntelligence Inc. JMP Securities maintained shares on October 13 with a “Market Outperform” rating.
The institutional sentiment decreased to 0.92 in Q2 2015. It’s down 0.31, from 1.23 in 2015Q2. The ratio worsened, as 22 funds sold all their iRobot Corporation shares they owned while 51 reduced their positions. 13 funds bought stakes while 54 increased their total positions. Institutions now own 20.91 million shares which is 1.69% more than the previous share count of 20.56 million in 2015Q2.
Red Mountain Capital Partners Llc holds 13.73% of its total portfolio in iRobot Corporation, equating to 1.78 million shares. Penbrook Management Llc owns 42,850 shares representing 1.32% of their total US portfolio. Moreover, Cwm Llc has 0.57% of their total portfolio invested in the company, equating to 193,362 shares. The Maine-based Bath Savings Trust Co has a total of 0.56% of their portfolio invested in the stock. Kennedy Capital Management Inc., a Missouri-based fund reported 862,434 shares owned.
Since March 27, 2015, the stock had 0 buys, and 1 insider sale for a total of $60,517 in net activity. Dean Alison sold 1,873 shares worth $60,517. Mcnamee George C sold 10,000 shares worth $319,744. Kern Paul J sold 10,000 shares worth $338,001.
iRobot Corporation is engaged in designing and building robots. The company has a market cap of $1.05 billion. The Firm creates robots for the consumer, defense and security, telemedicine, and mobile video collaboration markets. It has 32.88 P/E ratio. It operates in two business divisions: the home robots business, and the defense and security robots business.