iRobot Corporation (NASDAQ:IRBT) Price Target Update

iRobot Corporation (NASDAQ:IRBT): The mean short term price target for iRobot Corporation (NASDAQ:IRBT) has been established at $38.93 per share. The higher price target estimate is at $50 and the lower price target estimate is expected at $31 according to 5 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $7.14

Many analysts have commented on the company rating. Oppenheimer initiates coverage on iRobot Corporation (NASDAQ:IRBT) The current rating of the shares is Perform. The rating by the firm was issued on May 7, 2015.

Research firm Zacks has rated iRobot Corporation (NASDAQ:IRBT) and has ranked it at 3, indicating that for the short term the shares are a hold. 5 Wall Street analysts have given the company an average rating of 2.4. The shares have received a hold rating based on the suggestion from 1 analysts in latest recommendations. 1 brokerage houses have given a strong sell on the shares. Strong buy was given by 2 Wall Street Analysts. The company had a buy rating from 1 analysts.

Currently the company Insiders own 3.4% of iRobot Corporation Company shares. In the past six months, there is a change of -3.04% in the total insider ownership. Institutional Investors own 70.9% of Company shares. During last 3 month period, 0.42% of total institutional ownership has changed in the company shares.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Dean Alison, officer (EVP, CFO & Treasurer) of Irobot Corp, had unloaded 1,873 shares at an average price of $32.31 in a transaction dated on July 15, 2015. The total value of the transaction was worth $60,517.

iRobot Corporation (NASDAQ:IRBT) : On Thursday heightened volatility was witnessed in iRobot Corporation (NASDAQ:IRBT) which led to swings in the share price. The shares opened for trading at $30.74 and hit $31.62 on the upside , eventually ending the session at $31.3, with a gain of 2.09% or 0.64 points. The heightened volatility saw the trading volume jump to 436,119 shares. The 52-week high of the share price is $38.1 and the company has a market cap of $935 million. The 52-week low of the share price is at $28.05 .

Shares of iRobot Corporation appreciated by 4.3% during the last five trading days but lost 1.54% on a 4-week basis. iRobot Corporation has dropped 3.25% during the last 3-month period . Year-to-Date the stock performance stands at -9.85%.

iRobot Corporation develops and manufactures robotic solutions to real-world problems. The Company provides robotic technology and supplies developers with an industry standard platform to create robotic applications. The Companys products combine artificial intelligence technology with easy to use interfaces. The consumer robots are supervised by their owners and respond to a click of a button or mouse. The Company specializes in the development and production of Artificial Intelligence, Man/Machine Interfaces, and Micro Robotics.