Northland Securities analyst Michael Latimore maintained a Hold rating on iRobot (IRBT – Research Report) today and set a price target of $14.00. The company’s shares closed yesterday at $10.92.
Latimore covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Rekor Systems, and Matterport. According to TipRanks, Latimore has an average return of 18.1% and a 50.31% success rate on recommended stocks.
iRobot has an analyst consensus of Hold, with a price target consensus of $13.50.
The company has a one-year high of $51.49 and a one-year low of $6.48. Currently, iRobot has an average volume of 2.19M.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IRBT in relation to earlier this year.
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iRobot (IRBT) Company Description:
iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums, robot maps, and pool cleaners. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.
