Symbotic (NASDAQ:SYM) Rating Increased to Hold at Zacks Research

Symbotic (NASDAQ:SYM) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. The Goldman Sachs Group lowered their price target on Symbotic from $54.00 to $45.00 and set a “sell” rating on the stock in a report on Tuesday, May 26th. DA Davidson reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Symbotic in a research note on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Symbotic in a research note on Thursday. Finally, Robert W. Baird set a $51.00 price objective on Symbotic in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $65.92.

Symbotic Stock Down 14.9%

Shares of SYM opened at $39.60 on Wednesday. Symbotic has a 52-week low of $38.19 and a 52-week high of $87.88. The company has a 50-day simple moving average of $42.83 and a 200-day simple moving average of $50.71. The company has a market capitalization of $23.87 billion, a PE ratio of 440.00, a P/E/G ratio of 6.86 and a beta of 1.94.

Symbotic (NASDAQ:SYM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Symbotic had a return on equity of 1.53% and a net margin of 0.48%.The company had revenue of $720.84 million for the quarter, compared to analysts’ expectations of $715.03 million. During the same period in the prior year, the firm posted ($0.05) EPS. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. On average, research analysts anticipate that Symbotic will post 0.23 EPS for the current year.

Insider Activity

In other Symbotic news, insider William M. Boyd III sold 9,194 shares of Symbotic stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $41.04, for a total transaction of $377,321.76. Following the completion of the transaction, the insider owned 57,112 shares in the company, valued at approximately $2,343,876.48. The trade was a 13.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd Krasnow sold 25,422 shares of Symbotic stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $52.45, for a total transaction of $1,333,383.90. Following the transaction, the director owned 182,036 shares of the company’s stock, valued at approximately $9,547,788.20. The trade was a 12.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 143,433 shares of company stock worth $6,627,326 in the last three months. Company insiders own 8.16% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SYM. Parkside Financial Bank & Trust lifted its stake in Symbotic by 100.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 536 shares of the company’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Quarry LP purchased a new position in Symbotic during the fourth quarter worth $36,000. Parallel Advisors LLC increased its position in Symbotic by 67.3% during the fourth quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock worth $37,000 after buying an additional 249 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Symbotic in the fourth quarter worth $48,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Symbotic by 81.5% in the second quarter. NewEdge Advisors LLC now owns 1,276 shares of the company’s stock worth $50,000 after acquiring an additional 573 shares during the last quarter.

Trending Headlines about Symbotic

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Fiscal third-quarter revenue increased 21.7% year over year to approximately $720.8 million, exceeding the $715.0 million analyst consensus. Adjusted EBITDA more than doubled, while the company returned to profitability compared with a loss in the year-ago quarter. Symbotic Q3 Earnings Miss Estimates, Revenues Increase Y/Y
• Positive Sentiment: Symbotic issued fourth-quarter revenue guidance of $760 million to $780 million, broadly in line with the $770.7 million consensus estimate and implying continued sequential growth. Management also highlighted margin gains, product expansion and potential growth inflections in fiscal 2027 and early 2028. SYM Q3 Earnings Call Puts Margin Gains and Expansion in Focus
• Positive Sentiment: Needham reaffirmed its “Buy” rating and assigned a $75 price target, substantially above the referenced trading level, signaling that the firm views the earnings-driven weakness as an opportunity.
• Positive Sentiment: Former Bain Capital co-chair Steve Pagliuca joined Symbotic’s board, potentially adding financial and strategic expertise as the company scales its robotics business. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Several directors sold small amounts of stock through pre-arranged Rule 10b5-1 plans. The transactions have limited signaling value but may modestly affect sentiment.
• Negative Sentiment: Quarterly EPS was $0.09, below the $0.13 consensus estimate. The miss, along with still-thin or inconsistent net margins, likely outweighed the revenue beat and renewed concerns about Symbotic’s ability to convert rapid growth into durable earnings. Symbotic Inc. Misses Q3 Earnings Estimates

Symbotic Company Profile

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.