iRobot (NASDAQ:IRBT) Rating Increased 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 report published on Friday.

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

iRobot Stock Up 6.6 %

IRBT stock opened at $8.85 on Friday. iRobot has a twelve month low of $5.83 and a twelve month high of $28.09. The company has a market cap of $270.46 million, a PE ratio of -1.92 and a beta of 0.80. The business’s 50-day simple moving average is $8.21 and its 200 day simple moving average is $8.43. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24.

iRobot (NASDAQ:IRBT) last released its earnings results on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $218.41 million. During the same period last year, the business earned ($3.09) earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that iRobot will post -5.74 earnings per share for the current year.

Institutional Investors Weigh In On iRobot

Institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new stake in iRobot during the third quarter valued at approximately $39,000. Sunbelt Securities Inc. boosted its holdings in 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 purchasing an additional 3,175 shares in the last quarter. Olympiad Research LP acquired a new stake in iRobot during the third quarter valued at approximately $89,000. Quest Partners LLC boosted its holdings in iRobot by 39.8% during the third quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 3,285 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of iRobot by 96.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 12,147 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 5,970 shares in the last quarter. 77.42% of the stock is owned by institutional investors and hedge funds.

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.