Symbotic (NASDAQ:SYM) Given “Buy” Rating at Needham & Company LLC

Symbotic (NASDAQ:SYM)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports. They presently have a $75.00 target price on the stock. Needham & Company LLC’s price target would suggest a potential upside of 61.22% from the company’s previous close.

SYM has been the topic of a number of other research reports. Zacks Research downgraded shares of Symbotic from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. DA Davidson restated a “buy” rating and issued a $70.00 price objective on shares of Symbotic in a research note on Monday, May 11th. Weiss Ratings downgraded Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, The Goldman Sachs Group reduced their price target on Symbotic from $54.00 to $45.00 and set a “sell” rating for the company in a research report on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Symbotic presently has an average rating of “Hold” and a consensus price target of $66.50.

Symbotic Trading Down 2.0%

Shares of SYM stock opened at $46.52 on Thursday. The stock has a market capitalization of $28.04 billion, a P/E ratio of -930.21, a P/E/G ratio of 7.00 and a beta of 1.94. The firm’s 50 day moving average is $43.02 and its 200 day moving average is $50.90. Symbotic has a 12-month low of $38.19 and a 12-month high of $87.88.

Symbotic (NASDAQ:SYM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The firm had revenue of $720.84 million during the quarter, compared to analysts’ expectations of $715.03 million. Symbotic had a negative return on equity of 0.68% and a negative net margin of 0.20%.The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.05) earnings per share. As a group, equities analysts predict that Symbotic will post 0.23 earnings per share for the current year.

Insider Transactions at Symbotic

In related news, Director Todd Krasnow sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $45.27, for a total transaction of $90,540.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider William M. Boyd III sold 9,194 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $41.04, for a total value of $377,321.76. Following the completion of the sale, the insider owned 57,112 shares in the company, valued at approximately $2,343,876.48. The trade was a 13.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 143,433 shares of company stock valued at $6,627,326. Company insiders own 8.16% of the company’s stock.

Institutional Trading of Symbotic

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC increased its holdings in Symbotic by 41.9% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,792 shares of the company’s stock worth $305,000 after purchasing an additional 2,005 shares during the period. Polianta Ltd lifted its stake in Symbotic by 16.7% in the second quarter. Polianta Ltd now owns 35,000 shares of the company’s stock worth $1,573,000 after acquiring an additional 5,000 shares during the period. 180 Wealth Advisors LLC grew its holdings in Symbotic by 3.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 61,717 shares of the company’s stock worth $2,774,000 after acquiring an additional 2,116 shares in the last quarter. Western Wealth Management LLC purchased a new position in Symbotic during the 1st quarter valued at about $113,000. Finally, Centaurus Financial Inc. raised its holdings in shares of Symbotic by 62.1% in the 1st quarter. Centaurus Financial Inc. now owns 2,814 shares of the company’s stock valued at $150,000 after purchasing an additional 1,078 shares in the last quarter.

Symbotic News Summary

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Symbotic reported third-quarter revenue of approximately $721 million, up 22% year over year and above analysts’ $715 million consensus estimate. The company also reported $55 million in net income, compared with a $21 million loss a year earlier, highlighting significant operational improvement. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Positive Sentiment: Management forecast fourth-quarter revenue of $760 million to $780 million, broadly in line with the $770.7 million analyst estimate. The guidance supports expectations for continued demand for Symbotic’s AI-enabled warehouse-automation systems.
• Positive Sentiment: Former Bain Capital co-chair Steve Pagliuca joined Symbotic’s board, potentially adding financial, governance and strategic expertise as the company scales its robotics business. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Symbotic’s discussion of AI coding agents reflects efforts to manage software-development spending, but the report provides limited new information about near-term revenue or earnings. AI coding agents are blowing through budgets
• Negative Sentiment: Quarterly EPS was $0.09, below the $0.12–$0.13 consensus range. The earnings miss overshadowed the revenue beat and may renew concerns about the company’s ability to convert rapid growth into consistent profitability. Symbotic misses Q3 earnings estimates
• Negative Sentiment: CFO Izilda Martins sold 27,463 shares, reducing her position by 43.85%; the sale was made to cover tax withholding tied to vested equity awards. Directors Todd Krasnow and Charles Kane each sold 2,000 shares under pre-arranged Rule 10b5-1 plans. These transactions were scheduled or tax-related, limiting their importance, but may still weigh modestly on investor sentiment. Symbotic insider trading report

Symbotic Company Profile

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.