Symbotic Inc. (NASDAQ:SYM - Get Free Report) has been given an average rating of "Hold" by the seventeen research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $38.20.
SYM has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their price target on Symbotic from $28.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. KeyCorp reaffirmed a "sector weight" rating on shares of Symbotic in a report on Wednesday, November 27th. Northland Securities lifted their price target on Symbotic from $35.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, January 17th. William Blair reaffirmed a "market perform" rating on shares of Symbotic in a report on Thursday, December 5th. Finally, Craig Hallum cut Symbotic from a "buy" rating to a "hold" rating and set a $25.00 price target on the stock. in a report on Wednesday, November 27th.
Get Our Latest Stock Analysis on Symbotic
Insiders Place Their Bets
In other Symbotic news, insider Michael David Dunn sold 63,867 shares of Symbotic stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $30.08, for a total value of $1,921,119.36. Following the transaction, the insider now owns 24,055 shares in the company, valued at approximately $723,574.40. The trade was a 72.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Rollin L. Ford sold 28,740 shares of Symbotic stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.02, for a total transaction of $747,814.80. Following the transaction, the director now owns 10,447 shares in the company, valued at approximately $271,830.94. The trade was a 73.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,854 shares of company stock worth $3,986,371. 0.60% of the stock is owned by insiders.
Hedge Funds Weigh In On Symbotic
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Symbotic by 26.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 73,801 shares of the company's stock worth $1,750,000 after purchasing an additional 15,394 shares in the last quarter. Twinbeech Capital LP purchased a new position in Symbotic during the 4th quarter worth approximately $480,000. Two Sigma Investments LP grew its position in Symbotic by 26.2% during the 4th quarter. Two Sigma Investments LP now owns 321,622 shares of the company's stock worth $7,626,000 after purchasing an additional 66,755 shares in the last quarter. Tanaka Capital Management Inc. grew its position in Symbotic by 68.7% during the 4th quarter. Tanaka Capital Management Inc. now owns 72,688 shares of the company's stock worth $1,723,000 after purchasing an additional 29,596 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Symbotic by 931.7% during the 4th quarter. Janus Henderson Group PLC now owns 179,516 shares of the company's stock worth $4,256,000 after purchasing an additional 162,116 shares in the last quarter.
Symbotic Trading Up 6.1 %
NASDAQ SYM traded up $1.33 during trading hours on Thursday, reaching $23.29. The company's stock had a trading volume of 1,241,102 shares, compared to its average volume of 2,244,780. The business has a 50-day simple moving average of $26.84 and a 200 day simple moving average of $26.51. Symbotic has a 52 week low of $17.11 and a 52 week high of $50.40. The stock has a market cap of $13.70 billion, a PE ratio of -332.67, a PEG ratio of 6.48 and a beta of 1.85.
Symbotic (NASDAQ:SYM - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share (EPS) 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%. As a group, equities analysts predict that Symbotic will post 0.13 EPS for the current year.
Symbotic Company Profile
(
Get Free ReportSymbotic 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.
See Also
Before you consider Symbotic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Symbotic wasn't on the list.
While Symbotic currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
