Symbotic (NASDAQ:SYM) Earns “Sell” Rating from BWS Financial

BWS Financial reaffirmed their sell rating on shares of Symbotic (NASDAQ:SYM) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $10.00 price objective on the stock. BWS Financial also issued estimates for Symbotic’s FY2025 earnings at $0.24 EPS and FY2025 earnings at $0.24 EPS.

SYM has been the topic of several other reports. The Goldman Sachs Group cut their target price on shares of Symbotic from $28.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. DA Davidson raised Symbotic from a “neutral” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Wednesday, January 8th. Needham & Company LLC reduced their price objective on Symbotic from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Oppenheimer started coverage on Symbotic in a research note on Wednesday, January 15th. They set an “outperform” rating and a $35.00 target price on the stock. Finally, Citigroup reissued a “buy” rating and issued a $37.00 price target on shares of Symbotic in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $38.20.

Symbotic Stock Down 4.1 %

NASDAQ:SYM opened at $17.50 on Wednesday. The stock has a fifty day simple moving average of $24.28 and a 200 day simple moving average of $26.61. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of -249.96, a price-to-earnings-growth ratio of 6.48 and a beta of 1.85. Symbotic has a 1-year low of $16.32 and a 1-year high of $48.98.

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

Insider Activity

In other news, insider Michael David Dunn sold 2,040 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $22.24, for a total transaction of $45,369.60. Following the completion of the sale, the insider now owns 23,822 shares in the company, valued at approximately $529,801.28. This represents a 7.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rollin L. Ford sold 28,740 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.02, for a total value of $747,814.80. Following the completion of the transaction, the director now directly owns 10,447 shares in the company, valued at $271,830.94. The trade was a 73.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,117 shares of company stock worth $1,985,334. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Symbotic

A number of institutional investors and hedge funds have recently modified their holdings of SYM. Charles Schwab Investment Management Inc. grew its position in shares of Symbotic by 10.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 219,074 shares of the company’s stock valued at $5,343,000 after purchasing an additional 20,469 shares during the last quarter. Verition Fund Management LLC boosted its stake in Symbotic by 33.8% during the 3rd quarter. Verition Fund Management LLC now owns 33,129 shares of the company’s stock valued at $808,000 after purchasing an additional 8,362 shares during the period. Arete Wealth Advisors LLC acquired a new stake in Symbotic in the 3rd quarter valued at approximately $311,000. Holocene Advisors LP bought a new position in Symbotic in the 3rd quarter worth approximately $1,201,000. Finally, HighTower Advisors LLC lifted its holdings in shares of Symbotic by 9.5% during the third quarter. HighTower Advisors LLC now owns 23,338 shares of the company’s stock worth $568,000 after buying an additional 2,033 shares during the last quarter.

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.