Symbotic Inc. (NASDAQ:SYM) Analysts Recommend 'Hold'

Symbotic Inc. (NASDAQ:SYM - Get Free Report) has received a consensus recommendation of "Hold" from a group of seventeen analysts monitoring the company, as reported by MarketBeat. Of these analysts, one has placed a sell rating on the stock, seven have suggested holding the stock, and nine have given it a buy rating. The average target price among these analysts for Symbotic stock over the next year is set at $38.33.

In more detail, a number of research firms have expressed their views on SYM. For instance, Northland Securities upgraded their target price for Symbotic from $35.00 to $41.00 while assigning an "outperform" rating in a report published on January 17. Conversely, BWS Financial maintained a "sell" rating, setting a price target of $10.00 in a report released on January 21. Meanwhile, Cantor Fitzgerald reaffirmed an "overweight" rating and established a price target of $60.00 on January 22. On the other hand, Raymond James lowered their rating from "outperform" to "market perform" on January 23. Additionally, Oppenheimer started coverage on Symbotic, assigning an "outperform" rating and a price target of $35.00 in a report published on January 15.

Symbotic Stock Performance

The stock of Symbotic opened at $26.37 on Friday. Currently, it shows a fifty-day moving average of $27.13 and a two-hundred-day moving average of $26.73. Over the past year, the stock has reached a low of $17.11 and a high of $50.40. The company's market capitalization is approximately $15.49 billion, with a price-to-earnings (P/E) ratio standing at -376.66, a P/E/G ratio of 6.45, and a beta of 1.79.

On February 5, Symbotic released its latest quarterly earnings, reporting a loss of ($0.03) earnings per share (EPS) for the quarter, which surpassed analysts' expectations that predicted a loss of ($0.04) by $0.01. The company continues to operate with a negative net margin of 0.38% while maintaining a positive return on equity of 5.11%. Analysts are projecting that Symbotic will achieve an EPS of $0.13 for the current fiscal year.

Insider Trading Activity

In recent developments regarding internal trading, Director Todd Krasnow sold 2,000 shares of Symbotic stock on January 2, receiving an average price of $24.04 per share for a total of $48,080. Following this transaction, he holds 214,036 shares valued at around $5,145,425.44, indicating a reduction of 0.93% in his position. This insider transaction was disclosed through a filings with the Securities and Exchange Commission. Also, CFO Carol J. Hibbard sold 4,055 shares on February 5 at an average price of $30.70, totaling about $124,488.50. After this sale, she retains 44,386 shares valued at approximately $1,362,650.20, marking an 8.37% decrease in her position. In total, insiders sold 94,007 shares valued at $2,827,909 over the past ninety days, with company insiders owning about 0.60% of the stock.

Institutional Investment Moves

Several institutional investors have recently adjusted their holdings in Symbotic. For example, IFP Advisors Inc. increased its stake in Symbotic by 58.2% during the fourth quarter, acquiring an additional 503 shares and holding now 1,368 shares worth $32,000. Castleview Partners LLC also raised their stake by 50.0% in the third quarter, owning a total of 1,500 shares valued at $37,000. Private Trust Co. NA has entered a new position in Symbotic during the fourth quarter worth around $47,000, while Arcadia Investment Management Corp MI acquired shares in the third quarter valued at $49,000. Lastly, RiverPark Advisors LLC raised its stake by 147.1% in the same quarter, now owning 2,034 shares valued at $50,000 after buying an additional 1,211 shares.

Company Overview

Symbotic Inc. develops automation technologies aimed at enhancing operational efficiencies within modern warehouses. The company provides automated systems designed to manage the processing of pallets and cases in large distribution centers, serving primarily retail clients. Its technological solutions are focused on improving the supply chain's front-end operations.

Symbotic, Stock, Performance