Key Points
- Director Rollin Ford sold 60,000 shares on Feb. 11 at an average price of $57.51, a transaction totaling $3,450,600 disclosed in an SEC filing.
- Symbotic reported Q4 EPS of $0.02 (missing the $0.08 consensus) while revenue of $629.99 million beat estimates and rose 29.4% year-over-year, despite negative net margin and return on equity.
- The stock has a market cap of about $32.5 billion, a 12‑month range of $16.32–$87.88, and a consensus analyst stance of "Hold" with an average price target near $58.07 amid mixed buy/hold/sell ratings.
Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Rollin Ford sold 60,000 shares of the firm's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $57.51, for a total value of $3,450,600.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Symbotic Stock Up 0.4%
Shares of SYM opened at $54.95 on Friday. The stock has a market cap of $32.50 billion, a PE ratio of -549.45, a PEG ratio of 7.29 and a beta of 2.13. Symbotic Inc. has a 12-month low of $16.32 and a 12-month high of $87.88. The business has a 50-day simple moving average of $61.37 and a two-hundred day simple moving average of $60.50.
Symbotic (NASDAQ:SYM - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). Symbotic had a negative return on equity of 1.88% and a negative net margin of 0.45%.The firm had revenue of $629.99 million for the quarter, compared to the consensus estimate of $622.58 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The business's revenue for the quarter was up 29.4% on a year-over-year basis. On average, equities research analysts expect that Symbotic Inc. will post 0.13 EPS for the current year.
Analyst Upgrades and Downgrades
SYM has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Symbotic from $55.00 to $58.00 and gave the company a "neutral" rating in a research note on Wednesday, November 26th. Needham & Company LLC increased their price objective on Symbotic from $70.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Cantor Fitzgerald lifted their target price on Symbotic from $60.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, November 25th. TD Cowen reiterated a "buy" rating on shares of Symbotic in a research report on Wednesday, December 3rd. Finally, Wall Street Zen raised Symbotic from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $58.07.
Check Out Our Latest Research Report on Symbotic
Institutional Trading of Symbotic
A number of institutional investors have recently bought and sold shares of SYM. Private Trust Co. NA grew its holdings in Symbotic by 10.0% during the 2nd quarter. Private Trust Co. NA now owns 2,200 shares of the company's stock worth $85,000 after acquiring an additional 200 shares during the period. Centerpoint Advisors LLC grew its stake in Symbotic by 16.7% during the third quarter. Centerpoint Advisors LLC now owns 1,400 shares of the company's stock worth $75,000 after purchasing an additional 200 shares during the period. Federation des caisses Desjardins du Quebec grew its stake in Symbotic by 5.2% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,493 shares of the company's stock worth $267,000 after purchasing an additional 224 shares during the period. Barton Investment Management increased its holdings in Symbotic by 0.8% in the fourth quarter. Barton Investment Management now owns 30,658 shares of the company's stock worth $1,824,000 after purchasing an additional 233 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Symbotic by 2.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 11,375 shares of the company's stock valued at $677,000 after buying an additional 236 shares during the period.
Symbotic Company Profile
(
Get Free Report)
Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.
Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.
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