iRobot’s (IRBT) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of iRobot (NASDAQ:IRBT) in a report published on Tuesday morning,Benzinga reports.

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

iRobot Stock Performance

NASDAQ IRBT opened at $7.79 on Tuesday. iRobot has a 52-week low of $5.83 and a 52-week high of $19.68. 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 company has a market capitalization of $238.06 million, a P/E ratio of -1.69 and a beta of 0.80. The company has a fifty day moving average of $8.26 and a 200-day moving average of $8.42.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The company 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 firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($3.09) EPS. As a group, equities research analysts predict that iRobot will post -5.74 EPS for the current fiscal year.

Hedge Funds Weigh In On iRobot

Hedge funds and other institutional investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new position in shares of iRobot during the third quarter valued at about $39,000. Sunbelt Securities Inc. increased its position in shares of iRobot by 72.6% during the second quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company’s stock valued at $69,000 after buying an additional 3,175 shares during the period. Olympiad Research LP purchased a new stake in iRobot in the third quarter worth about $89,000. SG Americas Securities LLC purchased a new stake in iRobot in the fourth quarter worth about $97,000. Finally, Quest Partners LLC grew its holdings in 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 purchasing an additional 3,285 shares during the period. Hedge funds and other 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.