iRobot (NASDAQ:IRBT) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of iRobot (NASDAQ:IRBT) from a hold rating to a sell rating in a research report report published on Saturday morning.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research report on Tuesday, January 21st.

iRobot Stock Up 2.3 %

IRBT opened at $8.42 on Friday. iRobot has a fifty-two week low of $5.83 and a fifty-two week high of $17.94. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45. The stock has a market capitalization of $257.32 million, a price-to-earnings ratio of -1.83 and a beta of 0.80. The company has a fifty day moving average of $8.37 and a two-hundred day moving average of $8.41.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The business had revenue of $193.40 million during the quarter, compared to analysts’ expectations of $218.41 million. During the same period in the previous year, the business earned ($3.09) earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. On average, research analysts expect that iRobot will post -5.74 earnings per share for the current year.

Institutional Trading of iRobot

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in iRobot by 2,712.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock worth $3,480,000 after purchasing an additional 386,189 shares during the last quarter. Squarepoint Ops LLC boosted its position in iRobot by 131.1% during the second quarter. Squarepoint Ops LLC now owns 79,925 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 337,057 shares during the last quarter. Verition Fund Management LLC purchased a new stake in iRobot during the 3rd quarter valued at about $1,556,000. AQR Capital Management LLC raised its holdings in iRobot by 185.4% in the 2nd quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock valued at $1,789,000 after acquiring an additional 127,602 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in iRobot by 234.2% in the 3rd quarter. Private Advisor Group LLC now owns 73,597 shares of the industrial products company’s stock worth $640,000 after purchasing an additional 51,575 shares in the last quarter. 77.42% of the stock is currently owned by hedge funds and other institutional investors.

iRobot Company Profile

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.