Key Points
- Merline Saintil, a Symbotic director, sold 3,414 shares on March 11 at an average of $50.82 for about $173,499, trimming her position by 4.33% to 75,344 shares (≈$3.83M).
- Symbotic reported Q results where EPS of $0.02 missed estimates ($0.08) while revenue rose to $629.99M (+29.4% YoY); the stock carries a consensus Hold rating with a $60.57 price target and is trading below its 50- and 200-day moving averages.
Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Merline Saintil sold 3,414 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $50.82, for a total value of $173,499.48. Following the sale, the director owned 75,344 shares of the company's stock, valued at approximately $3,828,982.08. This trade represents a 4.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Symbotic Stock Down 2.3%
SYM stock opened at $49.43 on Friday. The stock's 50 day moving average is $58.68 and its two-hundred day moving average is $60.67. Symbotic Inc. has a 52-week low of $16.32 and a 52-week high of $87.88. The company has a market capitalization of $29.77 billion, a PE ratio of -494.25, a P/E/G ratio of 5.07 and a beta of 2.13.
Symbotic (NASDAQ:SYM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.06). The company had revenue of $629.99 million during the quarter, compared to the consensus estimate of $622.58 million. Symbotic had a negative return on equity of 1.88% and a negative net margin of 0.45%.The firm's quarterly revenue was up 29.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) EPS. As a group, sell-side analysts anticipate that Symbotic Inc. will post 0.13 EPS for the current year.
Hedge Funds Weigh In On Symbotic
A number of large investors have recently bought and sold shares of SYM. Barton Investment Management acquired a new position in Symbotic during the 3rd quarter valued at about $1,640,000. Grove Street Fiduciary LLC raised its holdings in shares of Symbotic by 314.4% during the third quarter. Grove Street Fiduciary LLC now owns 35,000 shares of the company's stock valued at $1,886,000 after buying an additional 26,555 shares during the last quarter. Mutual Advisors LLC acquired a new position in shares of Symbotic during the third quarter worth approximately $1,919,000. Prospera Financial Services Inc bought a new position in Symbotic in the 2nd quarter worth approximately $861,000. Finally, ARK Investment Management LLC grew its holdings in Symbotic by 32.4% in the 3rd quarter. ARK Investment Management LLC now owns 589,887 shares of the company's stock worth $31,795,000 after buying an additional 144,389 shares in the last quarter.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. The Goldman Sachs Group reiterated a "sell" rating and issued a $50.00 price target on shares of Symbotic in a research note on Thursday, January 15th. UBS Group set a $70.00 price objective on Symbotic in a research note on Wednesday, February 18th. DA Davidson lifted their target price on Symbotic from $53.00 to $57.00 and gave the stock a "neutral" rating in a research report on Monday, February 9th. Needham & Company LLC boosted their price target on Symbotic from $70.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Symbotic in a research report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, Symbotic has a consensus rating of "Hold" and a consensus price target of $60.57.
View Our Latest Report on Symbotic
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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