iRobot Co. (NASDAQ:IRBT) has been given an average recommendation of “Hold” by the nine analysts that are presently covering the stock, MarketBeat.Com reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $38.40.

In related news, CEO Colin M. Angle sold 59,074 shares of the firm’s stock in a transaction on Wednesday, December 16th. The shares were sold at an average price of $34.70, for a total transaction of $2,049,867.80. Following the sale, the chief executive officer now directly owns 483,179 shares in the company, valued at $16,766,311.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Other large investors recently modified their holdings of the company. Capstone Asset Management Company raised its stake in shares of iRobot by 1.8% in the fourth quarter. Capstone Asset Management Company now owns 9,036 shares of the company’s stock worth $320,000 after buying an additional 160 shares during the last quarter. River & Mercantile Asset Management acquired a new stake in shares of iRobot during the fourth quarter valued at about $77,000. Quantitative Systematic Strategies acquired a new stake in shares of iRobot during the fourth quarter valued at about $303,000. West Oak Capital raised its stake in shares of iRobot by 142.5% in the fourth quarter. West Oak Capital now owns 14,975 shares of the company’s stock valued at $530,115 after buying an additional 8,800 shares during the last quarter. Finally, Capital One National Association acquired a new stake in shares of iRobot during the fourth quarter valued at about $316,000.

Several equities research analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 target price on shares of iRobot in a report on Wednesday, November 11th. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Monday, January 18th. Susquehanna reiterated a “neutral” rating and issued a $34.00 target price (down from $38.00) on shares of iRobot in a report on Thursday, December 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $40.00 target price on shares of iRobot in a report on Tuesday, November 10th. Finally, Piper Jaffray reiterated a “buy” rating and issued a $34.00 target price on shares of iRobot in a report on Wednesday, November 11th.

Shares of iRobot (NASDAQ:IRBT) opened at 33.27 on Friday. iRobot has a 12-month low of $27.55 and a 12-month high of $37.71. The company has a market capitalization of $967.13 million and a PE ratio of 29.44. The firm’s 50-day moving average is $33.77 and its 200-day moving average is $31.45.

iRobot Corporation is engaged in designing and building robots. The Company designs robots for the consumer, defense and security, telemedicine, and mobile video collaboration markets. It operates in two business segments: the home robots business, and the defense and security robots business. The Company’s home robots business segment offers products to consumers through a network of retail businesses across the United States, to various countries through international distributors and retailers, and through the Company’s on-line store. The Company’s defense and security robots business segment offers products to the United States Department of Defense and to other North American and international entities. The Company’s brands include iRobot, Roomba, Ava, Scooba, Mint, ViPR, NorthStar, Create, PackBot, FirstLook, iAdapt, Aware, Home Base, Looj, Braava, Kobra, AeroForce, uPoint, AeroVac, Mirra, and Virtual Wall, among others.

12 Month Chart for NASDAQ:IRBT

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