In a report released today, James Ricchiuti from Needham maintained a Hold rating on iRobot (IRBT – Research Report). The company’s shares opened today at $14.07.
Ricchiuti covers the Technology sector, focusing on stocks such as MKS Instruments, Plexus, and Stratasys. According to TipRanks, Ricchiuti has an average return of 15.7% and a 56.83% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for iRobot with a $51.00 average price target.
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Based on iRobot’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $236.57 million and a GAAP net loss of $80.8 million. In comparison, last year the company earned a revenue of $255.35 million and had a GAAP net loss of $43.42 million
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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.
Read More on IRBT:
- Amazon and iRobot agree to terminate pending acquisition
- iRobot Announces Operational Restructuring Plan to Position Company for the Future
- iRobot put volume heavy and directionally bearish
- Largest borrow rate increases among liquid names
- iRobot down 31% afterhours following WSJ report on E.U. plan to block deal
