Symbotic (NASDAQ:SYM) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Symbotic (NASDAQ:SYM) from a hold rating to a sell rating in a report published on Saturday.

A number of other equities research analysts have also recently weighed in on the company. Needham & Company LLC boosted their price objective on Symbotic from $32.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Northcoast Research set a $65.00 target price on shares of Symbotic and gave the company a “buy” rating in a report on Thursday, October 2nd. Arete downgraded shares of Symbotic from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a research report on Friday, July 25th. Barclays began coverage on shares of Symbotic in a research note on Tuesday, October 7th. They set an “underweight” rating and a $38.00 price target for the company. Finally, Robert W. Baird downgraded shares of Symbotic from an “outperform” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a research report on Thursday, August 7th. Seven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $44.41.

Symbotic Price Performance

NASDAQ SYM opened at $55.46 on Friday. The company has a fifty day moving average of $64.06 and a two-hundred day moving average of $49.76. The company has a market capitalization of $32.75 billion, a PE ratio of -792.17, a P/E/G ratio of 9.03 and a beta of 2.10. Symbotic has a 1 year low of $16.32 and a 1 year high of $84.00.

Symbotic (NASDAQ:SYM) last posted its earnings results on Monday, November 24th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The firm had revenue of $618.46 million during the quarter, compared to analysts’ expectations of $604.00 million. Symbotic had a negative net margin of 0.38% and a negative return on equity of 2.02%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share. Symbotic has set its Q1 2026 guidance at EPS. On average, research analysts expect that Symbotic will post 0.13 earnings per share for the current year.

Insider Activity

In other news, major shareholder David A. Ladensohn sold 23,000 shares of Symbotic stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $66.75, for a total value of $1,535,250.00. Following the sale, the insider owned 5,000 shares of the company’s stock, valued at $333,750. The trade was a 82.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Todd Krasnow sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $76.75, for a total transaction of $307,000.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 68,160 shares of company stock valued at $4,761,942. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Symbotic

Hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its position in Symbotic by 209.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,846 shares of the company’s stock worth $99,000 after purchasing an additional 1,250 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Symbotic in the 3rd quarter valued at approximately $315,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Symbotic in the 3rd quarter valued at approximately $349,000. Advisory Services Network LLC purchased a new stake in shares of Symbotic in the third quarter valued at approximately $172,000. Finally, Financial Engines Advisors L.L.C. purchased a new stake in shares of Symbotic in the third quarter valued at approximately $530,000.

Symbotic Company Profile

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.