Canaccord Genuity Reports That They Have Downgraded iRobot (NASDAQ:IRBT) Shares

Author

03 June, 2017

If the $103.43 PT is reached, the company will be worth $138.50 million more. They now have a United States dollars 65 price target on the stock. It has outperformed by 134.23% the S&P500.

Since December 8, 2016, it had 0 insider purchases, and 6 insider sales for $2.87 million activity. Therefore 38% are positive. TheStreet upgraded the stock to "Sell" rating in Wednesday, August 26 report. As per Monday, November 14, the company rating was initiated by Sidoti. Glenmede Tru Na reported 500 shares stake. The company was maintained on Monday, September 19 by Canaccord Genuity. First Bank Of Omaha reported 13,242 shares or 0.05% of all its holdings.

Investors sentiment increased to 1.23 in 2016 Q4. Its up 0.02, from 0.86 in 2016Q3. Schwab Charles Inv Mngmt Inc invested in 105,530 shares. 7 funds opened positions while 20 raised stakes. Bartlett And Llc reported 0% of its portfolio in EnPro Industries, Inc. Bank & Trust Of Mellon Corporation, New York-based fund reported 97,507 shares. Also, CFO Alison Dean sold 7,375 shares of the company's stock in a transaction on Friday, April 7th. Welch Cap Limited Liability Co Ny reported 8,430 shares. Associated Banc has invested 0.07% in Gluskin Sheff + Associates Inc (TSE:GS). The Cwm Llc holds 60,051 shares with $3.51 million value, down from 81,429 last quarter. Moreover, Thomas J Herzfeld Advsrs has 0.08% invested in Gluskin Sheff + Associates Inc (TSE:GS). Pictet Asset Mgmt Limited reported 0.1% stake. Hbk Sorce Advisory Ltd Com has invested 0.04% in iRobot Corporation (NASDAQ:IRBT). Blackrock reported 2,647 shares.

In the market the company is trading up since yesterday's close of $92.72. The Firm provides discretionary investment management services. It has a 12.57 P/E ratio. It provides private client services to high net worth investors, including entrepreneurs, family trusts, private charitable foundations and estates. It is up 0.00% since June 2, 2016 and is. It has underperformed by 51.53% the S&P500. Insiders have sold 33,719 shares of company stock worth $2,687,991 over the last three months. Following the transaction, the executive vice president now directly owns 75,308 shares in the company, valued at $7,426,121.88. Cwm Llc sold 21,378 shares as Irobot Corp (IRBT)'s stock rose 67.72%. On Friday, February 3 COHEN ALAN M sold $571,767 worth of Gluskin Sheff + Associates Inc (TSE:GS) or 2,384 shares. COOPER EDITH W had sold 8,416 shares worth $1.99M. Canaccord Genuity lowered iRobot to a "hold" rating in a research report on Wednesday. According to the past 5 years report, the company on average reported -18.50% year-over-year EPS growth and sales growth was recorded at 3.10%. The stock has "Buy" rating by Needham on Thursday, October 27. The firm has "Hold" rating by Needham given on Monday, November 14. The company was downgraded on Friday, March 18 by JP Morgan. The firm has "Market Perform" rating by Wells Fargo given on Monday, January 9. The company was maintained on Wednesday, April 27 by JP Morgan. The stock of iRobot Corporation (NASDAQ:IRBT) has "Buy" rating given on Thursday, November 17 by Dougherty & Company.

01/04/2016 - iRobot Corporation was downgraded to "neutral" by analysts at Piper Jaffray. JMP Securities maintained it with "Market Outperform" rating and $45 target in Tuesday, October 13 report.

Investors sentiment increased to 1.28 in Q4 2016.

The counter witnessed a trading volume of 0.27 million shares versus an average volume of 1.12 million shares during last trading session.

iRobot Corporation, launched on December 20, 2000, is a consumer robot company, which is involved in designing and building robots. FMR LLC raised its stake in iRobot by 8.7% in the fourth quarter. Jpmorgan Chase reported 111,119 shares. First Quadrant Lp Ca invested 0.01% of its portfolio in iRobot Corporation (NASDAQ:IRBT). Fisher Asset Mgmt Lc accumulated 0% or 20,733 shares.

About 132,593 shares traded. iRobot Corporation (NASDAQ:IRBT) has risen 150.93% since June 2, 2016 and is uptrending. Following the completion of the transaction, the chief financial officer now directly owns 90,656 shares in the company, valued at $6,036,783.04. 221,989 are held by Geode Cap Ltd Llc. 4,435 are owned by Old Mutual Global Investors (Uk) Limited. Loomis Sayles & Co Limited Partnership accumulated 313,035 shares. Maryland-based Proshare Advisors Ltd Liability Corporation has invested 0% in iRobot Corporation (NASDAQ:IRBT). Alaska-based State Of Alaska Department Of Revenue has invested 0.02% in iRobot Corporation (NASDAQ:IRBT).

A number of hedge funds have recently bought and sold shares of the company. They expect $0.81 earnings per share, up 35.00% or $0.21 from last year's $0.6 per share. Analysts forecast earnings per share of $-0.22, down exactly $0.39 or 229.41 % from 2014's $0.17 EPS. Alexandria Cap Lc has invested 0% in iRobot Corporation (NASDAQ:IRBT).

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