Symbotic (NASDAQ:SYM) Stock Price Up 13% on Analyst Upgrade

Symbotic Inc. (NASDAQ:SYM) traded up 13% during mid-day trading on Wednesday after Robert W. Baird raised their price target on the stock from $55.00 to $58.00. Robert W. Baird currently has a neutral rating on the stock. Symbotic traded as high as $87.88 and last traded at $87.30. Approximately 5,737,340 shares traded hands during trading, an increase of 179% from the average session volume of 2,056,951 shares. The stock had previously closed at $77.29.

Several other equities research analysts have also recently weighed in on SYM. Northcoast Research cut Symbotic from a “buy” rating to a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price target on Symbotic from $55.00 to $63.00 and gave the stock a “hold” rating in a report on Tuesday. Barclays raised their price objective on Symbotic from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Symbotic in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald boosted their target price on Symbotic from $60.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $54.13.

Insider Buying and Selling at Symbotic

In other Symbotic news, insider Maria G. Freve sold 1,666 shares of the company’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 value of $96,927.88. Following the completion of the transaction, the insider directly owned 544 shares in the company, valued at approximately $31,649.92. This represents a 75.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Ladensohn sold 13,500 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $74.44, for a total transaction of $1,004,940.00. Following the transaction, the insider directly owned 2,000 shares of the company’s stock, valued at $148,880. The trade was a 87.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 68,160 shares of company stock valued at $4,761,942. 0.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Symbotic in the 3rd quarter valued at about $34,296,000. Amanah Holdings Trust bought a new position in shares of Symbotic during the second quarter worth about $19,824,000. Franklin Resources Inc. lifted its stake in shares of Symbotic by 3,188.8% in the third quarter. Franklin Resources Inc. now owns 274,155 shares of the company’s stock worth $14,777,000 after acquiring an additional 265,819 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Symbotic in the first quarter worth approximately $4,968,000. Finally, Handelsbanken Fonder AB boosted its holdings in Symbotic by 626.4% in the third quarter. Handelsbanken Fonder AB now owns 274,178 shares of the company’s stock valued at $14,778,000 after acquiring an additional 236,435 shares during the last quarter.

Symbotic Trading Up 13.0%

The firm has a market cap of $51.55 billion, a price-to-earnings ratio of -582.00, a P/E/G ratio of 13.01 and a beta of 2.10. The business’s 50-day simple moving average is $65.34 and its two-hundred day simple moving average is $50.39.

Symbotic (NASDAQ:SYM) last issued its quarterly earnings results on Monday, November 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Symbotic had a negative return on equity of 3.89% and a negative net margin of 0.75%.The firm had revenue of $618.46 million during the quarter, compared to analyst estimates of $604.00 million. During the same quarter last year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. Symbotic has set its Q1 2026 guidance at EPS. On average, analysts forecast 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.