iRobot (NASDAQ:IRBT) Raised to Hold at StockNews.com

StockNews.com upgraded shares of iRobot (NASDAQ:IRBT) from a sell rating to a hold rating in a research report released on Friday morning.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Thursday, November 7th.

iRobot Stock Performance

Shares of IRBT stock opened at $8.85 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94. The firm has a 50-day moving average of $8.21 and a 200-day moving average of $8.43. iRobot has a one year low of $5.83 and a one year high of $28.09. The company has a market cap of $270.45 million, a P/E ratio of -1.92 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, 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 firm had revenue of $193.40 million during the quarter, compared to analyst estimates of $218.41 million. During the same quarter last year, the business posted ($3.09) EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts forecast that iRobot will post -5.74 EPS for the current fiscal year.

Institutional Trading of iRobot

Large investors have recently added to or reduced their stakes in the stock. State Street Corp grew its position in shares of iRobot by 1.2% during the 3rd quarter. State Street Corp now owns 1,164,040 shares of the industrial products company’s stock valued at $10,116,000 after acquiring an additional 14,075 shares during the period. Geode Capital Management LLC raised its holdings in shares of iRobot by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 676,472 shares of the industrial products company’s stock worth $5,880,000 after purchasing an additional 19,233 shares during the period. JPMorgan Chase & Co. lifted its stake in iRobot by 2,712.4% in the third quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock valued at $3,480,000 after purchasing an additional 386,189 shares during the last quarter. AQR Capital Management LLC grew its holdings in iRobot by 185.4% during the second quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock valued at $1,789,000 after purchasing an additional 127,602 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in iRobot in the third quarter worth $1,556,000. Hedge funds and other institutional investors own 77.42% of the company’s stock.

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.