iRobot Corporation (IRBT) is Reiterated by The Benchmark Company to Buy, Raises Price Target to $ 52

iRobot Corporation (IRBT) was Reiterated by The Benchmark Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 52 from a previous price target of $46 . The Benchmark Company advised their investors in a research report released on Oct 17, 2016.

On the company’s financial health, iRobot Corporation reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.07. The company had revenue of $130.80 million for the quarter, compared to analysts expectations of $128.37 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

iRobot Corporation opened for trading at $42.68 and hit $43.5 on the upside on Friday, eventually ending the session at $43.33, with a gain of 2.27% or 0.96 points. The heightened volatility saw the trading volume jump to 3,44,229 shares. Company has a market cap of $1,178 M.

In a different news, on Oct 4, 2016, Alison Dean (EVP, CFO & Treasurer) sold 11,000 shares at $43.42 per share price. According to the SEC, on Sep 26, 2016, Glen Daniel Weinstein (EVP and Chief Legal Officer) sold 4,225 shares at $43.99 per share price. On Sep 22, 2016, Russell J Campanello (EVP Human Resources, Corp Comm) sold 10,000 shares at $42.52 per share price, according to the Form-4 filing with the securities and exchange commission.

iRobot Corporation is a United States-based company which designs and builds robots. The Company is engaged in delivering robotic technology-based solutions. The Company’s segments include home robots defense and security and other. Its home robots segment offers products to consumers through a network of retail businesses throughout the United States to various countries through international distributors and retailers and through the Company’s online store. Its defense and security robots segment offers products to the United States Department of Defense through the United States government-focused sales force and distributors and to other North American and international entities through small domestic and international sales teams as well as through North American and international distributors. Its brands include Roomba Ava Scooba Mint ViPR Create PackBot FirstLook iAdapt Aware Home Base Looj Braava Kobra AeroVac Mirra and Virtual Wall among others.

iRobot Corporation

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