iRobot (NASDAQ:IRBT) Stock Rating Lowered by StockNews.com

iRobot (NASDAQ:IRBT) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Saturday.

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

iRobot Price Performance

NASDAQ:IRBT opened at $8.42 on Friday. iRobot has a one year low of $5.83 and a one year high of $17.94. The company has a market cap of $257.32 million, a P/E ratio of -1.83 and a beta of 0.80. The firm’s fifty day moving average price is $8.37 and its two-hundred day moving average price is $8.41. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IRBT. Canada Pension Plan Investment Board raised its holdings in iRobot by 47.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 93,500 shares of the industrial products company’s stock valued at $852,000 after buying an additional 30,300 shares during the last quarter. Squarepoint Ops LLC raised its holdings in iRobot by 131.1% during the 2nd quarter. Squarepoint Ops LLC now owns 79,925 shares of the industrial products company’s stock worth $728,000 after purchasing an additional 337,057 shares during the last quarter. AQR Capital Management LLC raised its holdings in iRobot by 185.4% during the 2nd quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock worth $1,789,000 after purchasing an additional 127,602 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in iRobot by 72.6% during the 2nd quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 3,175 shares during the last quarter. Finally, Ironwood Investment Management LLC bought a new position in iRobot during the 2nd quarter worth approximately $461,000. Institutional investors own 77.42% of the company’s stock.

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.