Symbotic’s (SYM) Sell Rating Reiterated at BWS Financial

BWS Financial restated their sell rating on shares of Symbotic (NASDAQ:SYM) in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a $10.00 price target on the stock. BWS Financial also issued estimates for Symbotic’s FY2025 earnings at $0.31 EPS.

A number of other research analysts have also recently weighed in on SYM. Craig Hallum cut Symbotic from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Wednesday, November 27th. DA Davidson raised Symbotic from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of Symbotic in a report on Wednesday, November 27th. UBS Group cut their price target on shares of Symbotic from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, The Goldman Sachs Group decreased their price objective on shares of Symbotic from $34.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Symbotic currently has an average rating of “Moderate Buy” and an average price target of $38.73.

Symbotic Trading Up 0.6 %

Symbotic stock opened at $33.50 on Tuesday. The stock has a fifty day moving average price of $27.87 and a 200 day moving average price of $27.42. Symbotic has a 52 week low of $17.11 and a 52 week high of $52.20. The firm has a market capitalization of $19.68 billion, a P/E ratio of -558.33, a PEG ratio of 7.72 and a beta of 1.76.

Symbotic (NASDAQ:SYM) last posted its quarterly earnings data on Monday, November 18th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. Symbotic had a negative net margin of 0.32% and a positive return on equity of 6.49%. The company had revenue of $576.77 million during the quarter, compared to the consensus estimate of $470.24 million. During the same quarter in the prior year, the company posted ($0.08) EPS. The company’s quarterly revenue was up 47.2% compared to the same quarter last year. As a group, equities analysts predict that Symbotic will post 0.14 EPS for the current year.

Insider Buying and Selling at Symbotic

In related news, insider William M. Boyd III sold 8,826 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $28.33, for a total value of $250,040.58. Following the sale, the insider now directly owns 23,012 shares of the company’s stock, valued at $651,929.96. This represents a 27.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael David Dunn sold 63,867 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $30.08, for a total transaction of $1,921,119.36. Following the transaction, the insider now owns 24,055 shares in the company, valued at $723,574.40. This trade represents a 72.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,993 shares of company stock valued at $3,490,555 in the last ninety days. Insiders own 38.30% of the company’s stock.

Institutional Trading of Symbotic

Hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. increased its stake in Symbotic by 32.0% during the third quarter. Baillie Gifford & Co. now owns 14,070,999 shares of the company’s stock valued at $343,192,000 after purchasing an additional 3,410,050 shares during the last quarter. Thematics Asset Management grew its position in shares of Symbotic by 30.1% during the 3rd quarter. Thematics Asset Management now owns 1,048,170 shares of the company’s stock valued at $25,565,000 after buying an additional 242,661 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Symbotic by 76.8% during the third quarter. Exchange Traded Concepts LLC now owns 873,987 shares of the company’s stock worth $21,317,000 after acquiring an additional 379,726 shares during the period. Geode Capital Management LLC raised its stake in Symbotic by 10.2% during the third quarter. Geode Capital Management LLC now owns 503,758 shares of the company’s stock worth $12,290,000 after acquiring an additional 46,721 shares during the period. Finally, TCW Group Inc. lifted its holdings in shares of Symbotic by 0.8% in the 3rd quarter. TCW Group Inc. now owns 384,274 shares of the company’s stock worth $9,372,000 after purchasing an additional 3,075 shares during the last quarter.

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.