Symbotic (NASDAQ:SYM) Shares Down 3.7% – Should You Sell?

by · The Cerbat Gem

Symbotic Inc. (NASDAQ:SYM – Get Free Report)’s share price dropped 3.7% during mid-day trading on Friday . The stock traded as low as $81.78 and last traded at $84.0750. Approximately 2,625,750 shares traded hands during trading, an increase of 27% from the average daily volume of 2,059,562 shares. The stock had previously closed at $87.30.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Symbotic from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Wednesday. Robert W. Baird upped their target price on Symbotic from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup lifted their price target on shares of Symbotic from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Research upgraded Symbotic from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 1st. Finally, UBS Group restated a “sell” rating and set a $35.00 price objective (up previously from $27.00) on shares of Symbotic in a research note on Tuesday, September 23rd. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.13.

Read Our Latest Stock Report on Symbotic

Symbotic Price Performance

The stock has a market capitalization of $49.65 billion, a price-to-earnings ratio of -560.50, a PEG ratio of 14.70 and a beta of 2.10. The stock’s 50 day simple moving average is $66.60 and its 200-day simple moving average is $51.22.

Symbotic (NASDAQ:SYM – Get Free Report) last posted its quarterly earnings data on Monday, November 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). The firm had revenue of $618.46 million for the quarter, compared to the consensus estimate of $604.00 million. Symbotic had a negative return on equity of 3.89% and a negative net margin of 0.75%.Symbotic’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. Symbotic has set its Q1 2026 guidance at EPS. As a group, equities research analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Symbotic

In other Symbotic news, Director Todd Krasnow sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $76.75, for a total transaction of $307,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Ladensohn sold 23,000 shares of the business’s stock in a transaction on 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 completion of the sale, the insider directly owned 5,000 shares in the company, valued at approximately $333,750. This represents a 82.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 68,160 shares of company stock valued at $4,761,942 over the last quarter. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Symbotic

Several institutional investors and hedge funds have recently made changes to their positions in SYM. Vanguard Group Inc. lifted its holdings in shares of Symbotic by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,695,021 shares of the company’s stock valued at $253,062,000 after purchasing an additional 98,384 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Symbotic by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,343,902 shares of the company’s stock valued at $27,155,000 after purchasing an additional 187,538 shares during the last quarter. UBS Group AG boosted its holdings in shares of Symbotic by 22.3% in the 3rd quarter. UBS Group AG now owns 1,105,770 shares of the company’s stock valued at $59,601,000 after buying an additional 201,547 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Symbotic by 12.1% in the 1st quarter. Raymond James Financial Inc. now owns 980,922 shares of the company’s stock valued at $19,824,000 after acquiring an additional 105,616 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Symbotic in the third quarter valued at approximately $34,296,000.

About Symbotic

(Get Free Report)

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.

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