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

StockNews.com upgraded shares of iRobot (NASDAQ:IRBT) from a sell rating to a hold rating in a research note issued to investors on Monday.

Separately, Needham & Company LLC reaffirmed a hold rating on shares of iRobot in a research report on Thursday, August 8th.

iRobot Stock Performance

NASDAQ:IRBT opened at $7.19 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.53 and a quick ratio of 1.08. iRobot has a 1 year low of $5.83 and a 1 year high of $42.14. The stock’s 50 day simple moving average is $8.78 and its two-hundred day simple moving average is $9.06. The company has a market cap of $206.76 million, a price-to-earnings ratio of -0.93 and a beta of 0.84.

iRobot (NASDAQ:IRBT) last announced its earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) EPS for the quarter, missing analysts’ consensus estimates of ($1.77) by ($0.19). The company had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $168.73 million. iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. iRobot’s revenue for the quarter was down 29.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.73) EPS. As a group, equities analysts anticipate that iRobot will post -4.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IRBT. Ironwood Investment Management LLC acquired a new position in iRobot during the 2nd quarter valued at about $461,000. Sunbelt Securities Inc. increased its position in iRobot by 72.6% during the 2nd 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 in the last quarter. AQR Capital Management LLC increased its position 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 valued at $1,789,000 after buying an additional 127,602 shares in the last quarter. Squarepoint Ops LLC increased its position in iRobot by 131.1% during the 2nd quarter. Squarepoint Ops LLC now owns 79,925 shares of the industrial products company’s stock valued at $728,000 after buying an additional 337,057 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in iRobot by 47.9% during 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 in the last quarter. 77.42% of the stock is owned by institutional investors.

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.