Market sentiment remains positive due to robust revenue guidance, while options activity suggests traders expect near-term volatility driven by global tech demand. Analysts at Cantor Fitzgerald reaffirmed an “Overweight” rating on the shares of Symbotic Inc. (NASDAQ:SYM), setting a price target of $60.00 on 30 th July. As per Insider Monkey’s Q2 2024 data, the company was in the portfolios of 29 hedge funds. Shares of Symbotic Inc. ( NASDAQ:SYM - Get Free Report ) were down 10.7% during mid-day trading on Tuesday . The company traded as low as $53.68 and last traded at $54.22. Approximately 4,311,474 shares changed hands during trading, an increase of 117% from the average daily volume of 1,982,630 shares. The stock had previously closed at $60.73. Get Symbotic alerts: Sign Up Wall Street Analysts Forecast Growth 3 Automation-Focused Stocks Flying Under the Radar A number of equities analysts have issued reports on SYM shares. Needham & Company LLC increased their target price on Symbotic from $32.00 to $57.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Northland Securities increased their target price on Symbotic from $35.00 to $56.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Baird R W cut Symbotic from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 7th. DA Davidson reiterated a "neutral" rating and set a $47.00 target price (up previously from $35.00) on shares of Symbotic in a report on Monday, August 25th. Finally, UBS Group reiterated a "sell" rating and set a $35.00 target price (up previously from $27.00) on shares of Symbotic in a report on Tuesday. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $43.75. View Our Latest Stock Analysis on Symbotic Symbotic Trading Down 10.7% AI Exposure Without the Hype: 3 ETFs That Offer Smarter AI Bets The firm has a market capitalization of $32.02 billion, a price-to-earnings ratio of -774.46 and a beta of 2.05. The company's 50 day moving average is $51.02 and its 200-day moving average is $35.70. Symbotic ( NASDAQ:SYM - Get Free Report ) last issued its earnings results on Wednesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.08). Symbotic had a negative net margin of 0.38% and a negative return on equity of 2.02%. The firm had revenue of $592.12 million during the quarter, compared to analyst estimates of $533.55 million. During the same quarter last year, the business posted ($0.02) earnings per share. The company's revenue for the quarter was up 25.9% on a year-over-year basis. Research analysts expect that Symbotic Inc. will post 0.13 EPS for the current year. Insider Activity 3 Robotics Stocks at the Heart of the Robotics Revolution In other news, major shareholder Millennium Gst Non-Exempt Rbc sold 220,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $46.45, for a total transaction of $10,219,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, insider Maria G. Freve sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $51.93, for a total transaction of $103,860.00. Following the transaction, the insider directly owned 1,312 shares in the company, valued at $68,132.16. This represents a 60.39% decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last three months, insiders sold 483,032 shares of company stock valued at $23,897,448. Company insiders own 0.60% of the company's stock. Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently bought and sold shares of SYM. Cetera Investment Advisers grew its stake in Symbotic by 5.7% during the fourth quarter. Cetera Investment Advisers now owns 24,621 shares of the company's stock worth $584,000 after buying an additional 1,332 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Symbotic by 26.2% during the 4th quarter. Two Sigma Investments LP now owns 321,622 shares of the company's stock worth $7,626,000 after acquiring an additional 66,755 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Symbotic by 26.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 73,801 shares of the company's stock valued at $1,750,000 after acquiring an additional 15,394 shares during the last quarter. Capital Market Strategies LLC raised its position in Symbotic by 42.5% during the first quarter. Capital Market Strategies LLC now owns 48,162 shares of the company's stock valued at $973,000 after purchasing an additional 14,357 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Symbotic by 1,812.2% in the 1st quarter. GAMMA Investing LLC now owns 1,415 shares of the company's stock valued at $29,000 after purchasing an additional 1,341 shares in the last quarter. Symbotic Company Profile ( 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. Featured Stories Five stocks we like better than Symbotic Dividend Payout Ratio Calculator 3 Quantum Computing ETFs to Know—And Why 2 Don't Hold D-Wave Business Services Stocks Investing Forget Tariffs, Landstar and West Fraser Can Still Rally How to Find Undervalued Stocks Is Super Micro Next in Line for a Big AI Takeover? This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Should You Invest $1,000 in Symbotic Right Now? Before you consider Symbotic, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Symbotic wasn't on the list. While Symbotic currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here The 10 Best AI Stocks to Own in 2025 Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future. Get This Free Report The latest sym stock price closed at $54.82, marking a 1.4% uptick amid stronger-than-expected quarterly earnings. Analysts project moderate growth fueled by expanding market share in the semiconductor sector, with technical charts indicating a bullish breakout above the 50-day moving average.
