SymboticSYM
Market Cap: $1.87B
About: Symbotic Inc is an automation technology company that develops technologies to improve operating efficiencies in modern warehouses. The group develops, commercializes, and deploys innovative, end-to-end technology solutions that dramatically improve supply chain operations. Symbotic also automates the processing of pallets and cases in large warehouses or distribution centers for some of the retail and wholesale companies in the world. The company operates in two geographical regions the United States and Canada. Key revenue is generated from the United States.
Employees: 1,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
98% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 52
53% more call options, than puts
Call options by funds: $87.3M | Put options by funds: $57M
13% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 40
2% more funds holding
Funds holding: 231 [Q1] → 236 (+5) [Q2]
0.94% more ownership
Funds ownership: 79.71% [Q1] → 80.65% (+0.94%) [Q2]
15% less capital invested
Capital invested by funds: $3.42B [Q1] → $2.9B (-$522M) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Baird Robert Mason 57% 1-year accuracy 4 / 7 met price target | 128%upside $41 | Outperform Maintained | 31 Jul 2024 |
Goldman Sachs Mark Delaney 66% 1-year accuracy 19 / 29 met price target | 67%upside $30 | Neutral Maintained | 31 Jul 2024 |
Deutsche Bank Nicole Deblase 58% 1-year accuracy 7 / 12 met price target | 228%upside $59 | Buy Maintained | 30 Jul 2024 |
Keybanc Ken Newman 47% 1-year accuracy 7 / 15 met price target | 122%upside $40 | Overweight Maintained | 30 Jul 2024 |
BWS Financial Hamed Khorsand 59% 1-year accuracy 40 / 68 met price target | 44%downside $10 | Sell Maintained | 30 Jul 2024 |
Financial journalist opinion
Based on 221 articles about SYM published over the past 30 days