Analysts’ Weekly Ratings Updates for Symbotic (SYM)

Symbotic (NASDAQ: SYM) has recently received a number of price target changes and ratings updates:

• 11/19/2024 – Symbotic had its “sell” rating reaffirmed by analysts at BWS Financial. They now have a $10.00 price target on the stock.
• 11/19/2024 – Symbotic had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $60.00 price target on the stock.
• 11/19/2024 – Symbotic had its price target raised by analysts at KeyCorp from $40.00 to $48.00. They now have an “overweight” rating on the stock.
• 11/19/2024 – Symbotic had its price target raised by analysts at Northland Securities from $50.00 to $53.00. They now have an “outperform” rating on the stock.
• 11/19/2024 – Symbotic had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $47.00 price target on the stock.
• 11/19/2024 – Symbotic had its price target raised by analysts at Needham & Company LLC from $40.00 to $46.00. They now have a “buy” rating on the stock.
• 10/11/2024 – Symbotic had its “sell” rating reaffirmed by analysts at BWS Financial. They now have a $10.00 price target on the stock.
• 10/11/2024 – Symbotic had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $60.00 price target on the stock.
• 9/27/2024 – Symbotic had its “sell” rating reaffirmed by analysts at BWS Financial. They now have a $10.00 price target on the stock.

Symbotic Stock Performance

Shares of SYM stock opened at $36.31 on Thursday. Symbotic Inc. has a 1 year low of $17.11 and a 1 year high of $59.82. The firm has a market capitalization of $21.26 billion, a PE ratio of -605.17 and a beta of 1.81. The stock has a fifty day moving average of $27.42 and a two-hundred day moving average of $31.08.

Symbotic (NASDAQ:SYM) last released its earnings results on Monday, November 18th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Symbotic had a positive return on equity of 4.08% and a negative net margin of 1.03%. The firm had revenue of $576.77 million during the quarter, compared to the consensus estimate of $470.24 million. During the same period in the prior year, the firm posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 47.2% compared to the same quarter last year. Equities research analysts predict that Symbotic Inc. will post -0.08 earnings per share for the current fiscal year.

Insider Transactions at Symbotic

In other Symbotic news, Director Todd Krasnow sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.75, for a total transaction of $37,500.00. Following the sale, the director now directly owns 214,036 shares of the company’s stock, valued at $4,013,175. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William M. Boyd III sold 8,826 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $28.33, for a total value of $250,040.58. Following the completion of the sale, the insider now directly owns 23,012 shares of the company’s stock, valued at approximately $651,929.96. This trade represents a 27.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,878 shares of company stock valued at $1,378,056 over the last three months. Company insiders own 38.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Castleview Partners LLC lifted its holdings in shares of Symbotic by 50.0% during the 3rd quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock valued at $37,000 after buying an additional 500 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Symbotic in the third quarter valued at approximately $49,000. RiverPark Advisors LLC grew its position in Symbotic by 147.1% in the third quarter. RiverPark Advisors LLC now owns 2,034 shares of the company’s stock worth $50,000 after acquiring an additional 1,211 shares in the last quarter. RFP Financial Group LLC increased its stake in shares of Symbotic by 22.4% during the 2nd quarter. RFP Financial Group LLC now owns 1,692 shares of the company’s stock worth $59,000 after purchasing an additional 310 shares during the last quarter. Finally, Quest Partners LLC increased its stake in shares of Symbotic by 19,307.7% during the 3rd quarter. Quest Partners LLC now owns 2,523 shares of the company’s stock worth $62,000 after purchasing an additional 2,510 shares during the last quarter.

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.