Symbotic (NASDAQ:SYM) Trading 39.4% Higher After Analyst Upgrade

Symbotic Inc. (NASDAQ:SYM) shot up 39.4% during trading on Tuesday after Northland Securities raised their price target on the stock from $56.00 to $70.00. Northland Securities currently has an outperform rating on the stock. Symbotic traded as high as $78.33 and last traded at $77.29. 10,148,061 shares were traded during trading, an increase of 397% from the average session volume of 2,040,509 shares. The stock had previously closed at $55.46.

SYM has been the subject of several other reports. DA Davidson reaffirmed a “neutral” rating and issued a $47.00 target price (up from $35.00) on shares of Symbotic in a research note on Monday, August 25th. Barclays assumed coverage on Symbotic in a research report on Tuesday, October 7th. They issued an “underweight” rating and a $38.00 price objective for the company. Zacks Research upgraded Symbotic from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 1st. Citigroup raised their price target on Symbotic from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Needham & Company LLC lifted their price target on Symbotic from $57.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Symbotic has an average rating of “Hold” and a consensus target price of $51.94.

Insider Transactions at Symbotic

In related news, Director Todd Krasnow sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $76.75, for a total transaction of $307,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Maria G. Freve sold 1,666 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $58.18, for a total transaction of $96,927.88. Following the completion of the transaction, the insider owned 544 shares in the company, valued at $31,649.92. The trade was a 75.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,160 shares of company stock worth $4,761,942 over the last 90 days. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Symbotic

Hedge funds and other institutional investors have recently made changes to their positions in the business. MAI Capital Management boosted its position in Symbotic by 833.3% during the 3rd quarter. MAI Capital Management now owns 560 shares of the company’s stock worth $30,000 after purchasing an additional 500 shares during the period. AdvisorNet Financial Inc purchased a new position in Symbotic in the second quarter valued at about $32,000. IAG Wealth Partners LLC acquired a new position in shares of Symbotic during the second quarter worth about $32,000. Ameriflex Group Inc. boosted its position in shares of Symbotic by 1,500.0% in the third quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock worth $38,000 after buying an additional 660 shares during the period. Finally, Gables Capital Management Inc. acquired a new stake in shares of Symbotic in the second quarter valued at about $39,000.

Symbotic Stock Up 39.4%

The firm has a market cap of $45.64 billion, a price-to-earnings ratio of -515.27, a price-to-earnings-growth ratio of 9.34 and a beta of 2.10. The business has a 50 day moving average price of $64.58 and a 200-day moving average price of $50.13.

Symbotic (NASDAQ:SYM) last released its quarterly earnings results on Monday, November 24th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Symbotic had a negative return on equity of 4.04% and a negative net margin of 0.75%.The company had revenue of $618.46 million during the quarter, compared to analysts’ expectations of $604.00 million. During the same quarter in the prior year, the company earned $0.47 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. Symbotic has set its Q1 2026 guidance at EPS. Research analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

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.