iRobot downgraded by JP Morgan with a new price target
$IRBT
Consumer Electronics/Appliances
Consumer Discretionary
JP Morgan downgraded iRobot from Overweight to Neutral and set a new price target of $103.00 from $150.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/6/2022 | $65.00 → $45.00 | Neutral → Underweight | JP Morgan |
| 3/24/2022 | $85.00 | Market Perform → Outperform | Northland Capital |
| 12/22/2021 | $95.00 → $80.00 | Neutral | Citigroup |
| 7/29/2021 | $150.00 → $103.00 | Overweight → Neutral | JP Morgan |
BEDFORD, Mass., Nov. 6, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that Julie Zeiler, the company's chief financial officer, and Russ Campanello, the company's chief human resources officer, will retire, effective December 2, 2024. Karian Wong, iRobot's senior vice president and principal accounting officer, will succeed Ms. Zeiler as chief financial officer, and Jules Connelly, the company's former senior director of human resources, will succeed Mr. Campanello as chief human resources officer. As part of a planned succession, Ms. Zeiler and Mr. Campanello are expected to stay on in advisory roles through March 28, 2025.
Continues to Make Progress on "iRobot Elevate" Strategy Revises Full-year 2024 Outlook BEDFORD, Mass., Nov. 6, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the third quarter ended September 28, 2024. "We continue to make progress on our turnaround strategy," said Gary Cohen, iRobot's CEO. "In the third quarter, we expanded our non-GAAP gross margin by 590 basis points year over year and improved our use of operating cash. However, our overall results did not meet the expectations we set in August, as pe
BEDFORD, Mass., Oct. 22, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that the company will host its third-quarter 2024 earnings conference call on Wednesday, November 6, 2024. Prior to the call, iRobot will issue a press release announcing its financial results, along with supplemental financial information. The earnings press release will be posted to the company's investor relations website at https://investor.irobot.com/news-releases. Conference call details: Date: Wednesday, November 6, 2024 Time: 8:30 a.m. ET Call-In Numbe
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Amazon.com Inc (NASDAQ:AMZN) has consistently shown growth across its diverse business segments, from e-commerce to cloud computing. While the bullish outlook for the Seattle-based company is well-documented, understanding the potential risks is crucial for a balanced investment strategy. A recent Reddit thread delved into potential bear cases for Amazon, raising important considerations for investors. What is the bear case for AMZN? byu/srkdummy3 instocks The DOJ, FTC And Lina Khan One of the primary concerns is the increasing regulatory scrutiny Amazon faces from the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC). Reddit user Cobra25k highlight
Although U.S. stocks closed lower on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Turtle Beach The Trade: Turtle Beach Corporation (NASDAQ:HEAR) Director Terry Jimenez acquired a total of 2,025 shares an
Continues to Make Progress on "iRobot Elevate" Strategy Revises Full-year 2024 Outlook BEDFORD, Mass., Nov. 6, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the third quarter ended September 28, 2024. "We continue to make progress on our turnaround strategy," said Gary Cohen, iRobot's CEO. "In the third quarter, we expanded our non-GAAP gross margin by 590 basis points year over year and improved our use of operating cash. However, our overall results did not meet the expectations we set in August, as pe
BEDFORD, Mass., Oct. 22, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that the company will host its third-quarter 2024 earnings conference call on Wednesday, November 6, 2024. Prior to the call, iRobot will issue a press release announcing its financial results, along with supplemental financial information. The earnings press release will be posted to the company's investor relations website at https://investor.irobot.com/news-releases. Conference call details: Date: Wednesday, November 6, 2024 Time: 8:30 a.m. ET Call-In Numbe
Company Executing on "iRobot Elevate" Strategy to Focus on Branding, Innovation and Operating Performance Delivers on Plan to Lower Cost Structure and Refresh Product Line Introduces Q3 2024 Outlook and Revises Fiscal Year 2024 Expectations BEDFORD, Mass., Aug. 6, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the second quarter ended June 29, 2024. "We are executing iRobot Elevate, a strategy focused on five pillars of financial performance, customer-centricity, bringing innovative products to market in
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BEDFORD, Mass., Sept. 10, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it granted equity awards as a material inducement to the employment of the company's newly-hired President and Chief Operating Officer, Jeff Engel. Notice of Issuance of Inducement GrantIn connection with the appointment of Mr. Engel as President and Chief Operating Officer effective August 6, 2024, iRobot granted Mr. Engel employment inducement awards consisting of (a) 188,955 time-based restricted stock units ("RSUs") and (b) 181,545 performance-based
BEDFORD, Mass., Aug. 12, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, announced the addition of Michael J. Loparco to its board of directors. Mr. Loparco brings to the board extensive public company and global technology leadership experience in areas including consumer product and smart home innovation, manufacturing, global supply chain, mergers and acquisitions, design, enterprise IT, retail and robotics. Mr. Loparco is a seasoned CEO and consumer-focused leader with more than 25 years experience building and growing highly technical and cro
BEDFORD, Mass., Aug. 6, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced it has named Jeffrey Engel as President & Chief Operating Officer (COO). Mr. Engel holds more than 30 years of executive and advisory experience, most recently serving as the company's Chief Restructuring Officer. As iRobot's President & COO, Mr. Engel will oversee daily operations and be responsible for the company's ongoing restructuring, research and development, operations and supply chain, and product management. He will report directly to Gary Cohen, iRobot CEO.
JP Morgan downgraded iRobot from Neutral to Underweight and set a new price target of $45.00 from $65.00 previously
Northland Capital upgraded iRobot from Market Perform to Outperform and set a new price target of $85.00
Citigroup reiterated coverage of iRobot with a rating of Neutral and set a new price target of $80.00 from $95.00 previously