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 $16.90.
According to TipRanks, Ricchiuti is a 5-star analyst with an average return of 15.6% and a 57.75% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as MKS Instruments, Plexus, and Stratasys.
Currently, the analyst consensus on iRobot is a Hold with an average price target of $51.00.
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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:
- iRobot down 31% afterhours following WSJ report on E.U. plan to block deal
- E.U. Commission plans to block Amazon acquisition of iRobot, WSJ says
- iRobot put volume heavy and directionally bearish
- Amazon skips EU concessions offer for iRobot deal, Politico reports
- Amazon tells Bloomberg focused on addressing EU concerns over iRobot deal
