BWS Financial Reaffirms “Sell” Rating for Symbotic (NASDAQ:SYM)

BWS Financial reaffirmed their sell rating on shares of Symbotic (NASDAQ:SYM) in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a $10.00 target price on the stock. BWS Financial also issued estimates for Symbotic’s FY2025 earnings at $0.31 EPS.

Other equities analysts have also issued research reports about the stock. TD Cowen increased their target price on shares of Symbotic from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 price objective on shares of Symbotic in a report on Friday, January 17th. Craig Hallum cut Symbotic from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Wednesday, November 27th. William Blair restated a “market perform” rating on shares of Symbotic in a research report on Thursday, December 5th. Finally, DA Davidson upgraded Symbotic from a “neutral” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Symbotic currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.73.

Symbotic Trading Up 0.6 %

Shares of NASDAQ SYM opened at $33.50 on Tuesday. Symbotic has a 12-month low of $17.11 and a 12-month high of $52.20. The company has a market cap of $19.68 billion, a PE ratio of -558.33, a P/E/G ratio of 7.72 and a beta of 1.76. The stock has a 50 day simple moving average of $27.87 and a 200-day simple moving average of $27.42.

Symbotic (NASDAQ:SYM) last announced its quarterly earnings results on Monday, November 18th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Symbotic had a positive return on equity of 6.49% and a negative net margin of 0.32%. The company had revenue of $576.77 million during the quarter, compared to analyst estimates of $470.24 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The firm’s quarterly revenue was up 47.2% on a year-over-year basis. Sell-side analysts forecast that Symbotic will post 0.14 earnings per share for the current fiscal year.

Insider Activity at Symbotic

In other news, CFO Carol J. Hibbard sold 22,821 shares of Symbotic stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $28.96, for a total transaction of $660,896.16. Following the transaction, the chief financial officer now owns 34,188 shares in the company, valued at approximately $990,084.48. The trade was a 40.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael David Dunn sold 13,114 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $32.19, for a total value of $422,139.66. Following the transaction, the insider now directly owns 18,746 shares in the company, valued at $603,433.74. The trade was a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,993 shares of company stock worth $3,490,555 in the last quarter. 38.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Symbotic

Institutional investors and hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. increased its stake in shares of Symbotic by 32.0% in the third quarter. Baillie Gifford & Co. now owns 14,070,999 shares of the company’s stock worth $343,192,000 after acquiring an additional 3,410,050 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in Symbotic by 76.8% in the third quarter. Exchange Traded Concepts LLC now owns 873,987 shares of the company’s stock valued at $21,317,000 after purchasing an additional 379,726 shares in the last quarter. Millennium Management LLC grew its stake in Symbotic by 6,694.5% in the second quarter. Millennium Management LLC now owns 335,649 shares of the company’s stock valued at $11,801,000 after purchasing an additional 330,709 shares in the last quarter. Thematics Asset Management increased its position in Symbotic by 30.1% in the 3rd quarter. Thematics Asset Management now owns 1,048,170 shares of the company’s stock worth $25,565,000 after purchasing an additional 242,661 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its stake in shares of Symbotic by 3,622.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 193,678 shares of the company’s stock worth $6,810,000 after purchasing an additional 188,475 shares in the last quarter.

About Symbotic

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.