Investment Analysts’ Recent Ratings Updates for Symbotic (SYM)

Several analysts have recently updated their ratings and price targets for Symbotic (NASDAQ: SYM):

• 2/6/2025 – Symbotic had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $60.00 price target on the stock.
• 2/6/2025 – Symbotic had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $28.00 to $25.00. They now have a “neutral” rating on the stock.
• 2/6/2025 – Symbotic was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
• 2/6/2025 – Symbotic had its price target lowered by analysts at Needham & Company LLC from $35.00 to $32.00. They now have a “buy” rating on the stock.
• 1/23/2025 – Symbotic had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $60.00 price target on the stock.
• 1/21/2025 – Symbotic had its “sell” rating reaffirmed by analysts at BWS Financial. They now have a $10.00 price target on the stock.
• 1/17/2025 – Symbotic had its price target raised by analysts at Northland Securities from $35.00 to $41.00. They now have an “outperform” rating on the stock.
• 1/17/2025 – Symbotic had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $35.00 price target on the stock.
• 1/15/2025 – Symbotic is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $35.00 price target on the stock.
• 1/13/2025 – Symbotic had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $37.00 price target on the stock.
• 1/8/2025 – Symbotic was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $35.00 price target on the stock.
• 1/3/2025 – Symbotic had its price target lowered by analysts at UBS Group AG from $40.00 to $32.00. They now have a “neutral” rating on the stock.

Symbotic Stock Up 3.4 %

NASDAQ:SYM traded up $0.95 on Tuesday, reaching $29.14. 2,111,039 shares of the company’s stock traded hands, compared to its average volume of 2,676,386. Symbotic Inc. has a 12 month low of $17.11 and a 12 month high of $50.40. The firm has a market cap of $17.12 billion, a PE ratio of -416.23, a P/E/G ratio of 6.45 and a beta of 1.79. The stock has a 50-day simple moving average of $27.19 and a 200-day simple moving average of $26.50.

Symbotic (NASDAQ:SYM) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%. On average, equities analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Todd Krasnow sold 2,000 shares of Symbotic stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $24.04, for a total value of $48,080.00. Following the completion of the sale, the director now directly owns 214,036 shares in the company, valued at $5,145,425.44. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Carol J. Hibbard sold 4,055 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $30.70, for a total transaction of $124,488.50. Following the completion of the sale, the chief financial officer now directly owns 44,386 shares of the company’s stock, valued at approximately $1,362,650.20. This trade represents a 8.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 94,007 shares of company stock valued at $2,827,909. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Symbotic

A number of hedge funds and other institutional investors have recently modified their holdings of SYM. IFP Advisors Inc lifted its holdings in Symbotic by 58.2% during the fourth quarter. IFP Advisors Inc now owns 1,368 shares of the company’s stock worth $32,000 after buying an additional 503 shares during the period. Castleview Partners LLC lifted its stake in shares of Symbotic by 50.0% during the 3rd quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Private Trust Co. NA bought a new stake in Symbotic during the fourth quarter valued at about $47,000. Arcadia Investment Management Corp MI purchased a new position in Symbotic in the third quarter valued at about $49,000. Finally, RiverPark Advisors LLC raised its holdings in Symbotic by 147.1% in the third quarter. RiverPark Advisors LLC now owns 2,034 shares of the company’s stock worth $50,000 after purchasing an additional 1,211 shares in the last quarter.

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.