Symbotic’s (SYM) “Neutral” Rating Reaffirmed at DA Davidson

Symbotic (NASDAQ:SYM)‘s stock had its “neutral” rating reiterated by equities researchers at DA Davidson in a research note issued on Tuesday,Benzinga reports. They presently have a $47.00 target price on the stock. DA Davidson’s target price indicates a potential downside of 37.84% from the company’s current price.

Several other equities analysts have also weighed in on SYM. Northland Securities increased their price objective on shares of Symbotic from $56.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday. Baird R W downgraded Symbotic from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 7th. Oppenheimer reissued an “outperform” rating and set a $83.00 price target on shares of Symbotic in a report on Tuesday. Zacks Research upgraded Symbotic from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 1st. Finally, Cantor Fitzgerald boosted their target price on shares of Symbotic from $60.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $49.41.

Symbotic Price Performance

NASDAQ SYM traded up $20.15 during trading on Tuesday, reaching $75.61. 7,987,645 shares of the company’s stock were exchanged, compared to its average volume of 2,030,257. The business has a 50 day moving average price of $64.06 and a 200-day moving average price of $49.76. The stock has a market capitalization of $44.65 billion, a P/E ratio of -1,079.97, a PEG ratio of 9.03 and a beta of 2.10. Symbotic has a fifty-two week low of $16.32 and a fifty-two week high of $84.00.

Symbotic (NASDAQ:SYM) last issued its earnings results on Monday, November 24th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). Symbotic had a negative return on equity of 2.02% and a negative net margin of 0.38%.The business had revenue of $618.46 million for the quarter, compared to the consensus estimate of $604.00 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. Symbotic has set its Q1 2026 guidance at EPS. On average, analysts forecast that Symbotic will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In related news, insider William M. Boyd III sold 11,735 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $82.09, for a total transaction of $963,326.15. Following the completion of the sale, the insider directly owned 26,769 shares in the company, valued at $2,197,467.21. This represents a 30.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Maria G. Freve sold 1,666 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $58.18, for a total value of $96,927.88. Following the completion of the sale, the insider directly owned 544 shares in the company, valued at $31,649.92. This trade represents a 75.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 68,160 shares of company stock worth $4,761,942 over the last three months. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Symbotic

A number of hedge funds have recently made changes to their positions in SYM. Private Trust Co. NA lifted its stake in shares of Symbotic by 10.0% in the 2nd quarter. Private Trust Co. NA now owns 2,200 shares of the company’s stock valued at $85,000 after acquiring an additional 200 shares during the last quarter. Centerpoint Advisors LLC increased its holdings in Symbotic by 16.7% in the 3rd quarter. Centerpoint Advisors LLC now owns 1,400 shares of the company’s stock worth $75,000 after purchasing an additional 200 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Symbotic by 4.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,627 shares of the company’s stock worth $357,000 after purchasing an additional 273 shares in the last quarter. AlphaQuest LLC raised its position in Symbotic by 12.9% in the third quarter. AlphaQuest LLC now owns 2,519 shares of the company’s stock valued at $136,000 after purchasing an additional 287 shares during the last quarter. Finally, Bouvel Investment Partners LLC boosted its stake in shares of Symbotic by 0.8% during the third quarter. Bouvel Investment Partners LLC now owns 44,479 shares of the company’s stock valued at $2,397,000 after purchasing an additional 336 shares in 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.