Symbotic Inc. (NASDAQ:SYM – Get Free Report) Director Merline Saintil sold 5,250 shares of Symbotic stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $28.70, for a total transaction of $150,675.00. Following the completion of the transaction, the director now owns 74,562 shares of the company’s stock, valued at $2,139,929.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Symbotic Trading Down 4.1 %
Shares of SYM opened at $27.42 on Friday. Symbotic Inc. has a 1-year low of $17.11 and a 1-year high of $59.82. The firm’s 50-day moving average price is $23.82 and its 200-day moving average price is $32.38. The firm has a market capitalization of $16.06 billion, a price-to-earnings ratio of -144.32 and a beta of 1.84.
Symbotic (NASDAQ:SYM – Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $491.86 million for the quarter, compared to the consensus estimate of $464.56 million. Symbotic had a negative net margin of 1.03% and a positive return on equity of 4.08%. The business’s revenue was up 57.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) earnings per share. On average, research analysts forecast that Symbotic Inc. will post -0.08 EPS for the current fiscal year.
Hedge Funds Weigh In On Symbotic
Wall Street Analyst Weigh In
A number of research firms recently issued reports on SYM. BWS Financial reiterated a “sell” rating and set a $10.00 price objective on shares of Symbotic in a research note on Friday, October 11th. Robert W. Baird lowered their price target on shares of Symbotic from $53.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. TD Cowen cut their price objective on shares of Symbotic from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Craig Hallum decreased their target price on shares of Symbotic from $54.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $60.00 price target on shares of Symbotic in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Symbotic currently has a consensus rating of “Moderate Buy” and an average price target of $43.23.
View Our Latest Analysis on SYM
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.
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