Needham & Company LLC Reaffirms “Hold” Rating for iRobot (NASDAQ:IRBT)

iRobot (NASDAQ:IRBT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Needham & Company LLC in a report issued on Tuesday,Benzinga reports.

Separately, StockNews.com upgraded shares of iRobot from a “sell” rating to a “hold” rating in a research report on Friday, January 17th.

iRobot Trading Up 1.5 %

NASDAQ:IRBT opened at $7.91 on Tuesday. iRobot has a 12 month low of $5.83 and a 12 month high of $19.68. The firm has a fifty day simple moving average of $8.29 and a 200-day simple moving average of $8.42. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $241.73 million, a P/E ratio of -1.72 and a beta of 0.80.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in shares of iRobot in the third quarter worth about $39,000. Sunbelt Securities Inc. raised its position in shares of iRobot by 72.6% in the second quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 3,175 shares during the period. Olympiad Research LP acquired a new position in shares of iRobot in the third quarter worth about $89,000. SG Americas Securities LLC acquired a new position in shares of iRobot in the fourth quarter worth about $97,000. Finally, Quest Partners LLC raised its position in shares of iRobot by 39.8% in the third quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 3,285 shares during the period. 77.42% of the stock is currently owned by institutional investors and hedge funds.

About iRobot

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.