Symbotic (SYM) Scheduled to Post Quarterly Earnings on Monday

Symbotic (NASDAQ:SYM) is scheduled to release its earnings data after the market closes on Monday, November 18th. Analysts expect Symbotic to post earnings of $0.03 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Symbotic Stock Down 1.5 %

Shares of SYM opened at $29.49 on Friday. Symbotic has a 52-week low of $17.11 and a 52-week high of $59.82. The firm’s fifty day moving average is $26.52 and its two-hundred day moving average is $31.34. The stock has a market cap of $17.27 billion, a PE ratio of -155.63 and a beta of 1.81.

Insider Buying and Selling at Symbotic

In other Symbotic news, insider Michael David Dunn sold 1,715 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $28.77, for a total transaction of $49,340.55. Following the sale, the insider now directly owns 87,922 shares in the company, valued at $2,529,515.94. This represents a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Carol J. Hibbard sold 22,821 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $28.96, for a total transaction of $660,896.16. Following the sale, the chief financial officer now owns 34,188 shares in the company, valued at $990,084.48. This trade represents a 40.03 % decrease in their ownership of the stock. 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 90 days. 38.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. KeyCorp lowered their target price on shares of Symbotic from $55.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Northland Securities lowered their target price on shares of Symbotic from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. TD Cowen lowered their target price on shares of Symbotic from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Craig Hallum lowered their price target on shares of Symbotic from $54.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Symbotic from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.23.

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.