Symbotic (NASDAQ:SYM) Receives "Sell" Rating from BWS Financial

Symbotic (NASDAQ:SYM - Get Free Report)'s stock had its "sell" rating reiterated by analysts at BWS Financial in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $10.00 price objective on the stock. BWS Financial's price target indicates a potential downside of 45.00% from the company's current price. BWS Financial also issued estimates for Symbotic's FY2025 earnings at $0.24 EPS and FY2025 earnings at $0.24 EPS.

A number of other brokerages also recently weighed in on SYM. Citigroup reiterated a "buy" rating and issued a $37.00 price target on shares of Symbotic in a research report on Monday, January 13th. Needham & Company LLC decreased their target price on Symbotic from $35.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $60.00 price target on shares of Symbotic in a research report on Thursday, February 6th. Oppenheimer initiated coverage on Symbotic in a research note on Wednesday, January 15th. They set an "outperform" rating and a $35.00 target price for the company. Finally, DA Davidson raised shares of Symbotic from a "neutral" rating to a "buy" rating and set a $35.00 price target on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $38.20.

Remove Ads

Symbotic Trading Up 3.9 %

Symbotic stock traded up $0.68 during mid-day trading on Wednesday, hitting $18.18. The stock had a trading volume of 1,434,354 shares, compared to its average volume of 1,913,681. The stock has a market capitalization of $10.70 billion, a PE ratio of -260.62, a P/E/G ratio of 6.48 and a beta of 1.86. Symbotic has a 12 month low of $16.29 and a 12 month high of $48.98. The stock has a 50-day simple moving average of $24.28 and a two-hundred day simple moving average of $26.63.

Symbotic (NASDAQ:SYM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. Symbotic had a negative net margin of 0.38% and a positive return on equity of 5.11%. Sell-side analysts expect that Symbotic will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Symbotic

In other news, insider Michael David Dunn sold 1,971 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $30.00, for a total value of $59,130.00. Following the sale, the insider now directly owns 22,301 shares of the company's stock, valued at approximately $669,030. This represents a 8.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William M. Boyd III sold 2,660 shares of Symbotic stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.60, for a total value of $73,416.00. Following the transaction, the insider now owns 40,812 shares of the company's stock, valued at $1,126,411.20. The trade was a 6.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,117 shares of company stock worth $1,985,334 in the last 90 days. Corporate insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Symbotic

A number of large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its holdings in shares of Symbotic by 58.2% in the fourth quarter. IFP Advisors Inc now owns 1,368 shares of the company's stock valued at $32,000 after purchasing an additional 503 shares during the last quarter. Private Trust Co. NA bought a new stake in shares of Symbotic during the 4th quarter worth about $47,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Symbotic in the 4th quarter valued at about $47,000. Jones Financial Companies Lllp raised its holdings in Symbotic by 154.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company's stock valued at $58,000 after acquiring an additional 1,490 shares during the period. Finally, MCF Advisors LLC acquired a new stake in Symbotic during the fourth quarter worth approximately $85,000.

Symbotic Company Profile

Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.