iRobot (NASDAQ:IRBT) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of iRobot (NASDAQ:IRBT) from a hold rating to a sell rating in a research note released on Saturday.

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

iRobot Stock Down 3.2 %

Shares of NASDAQ IRBT opened at $8.15 on Friday. The firm has a market cap of $249.06 million, a price-to-earnings ratio of -1.77 and a beta of 0.80. The company’s 50-day simple moving average is $8.39 and its 200-day simple moving average is $8.40. 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 has a 52-week low of $5.83 and a 52-week high of $16.25.

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 the consensus estimate 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 company had revenue of $193.40 million for the quarter, compared to analysts’ expectations of $218.41 million. During the same period in the previous year, the firm posted ($3.09) EPS. iRobot’s revenue was up 3.9% compared to the same quarter last year. Equities analysts predict that iRobot will post -5.74 EPS for the current fiscal year.

Institutional Trading of iRobot

Large investors have recently bought and sold shares of the business. State Street Corp boosted its holdings 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 worth $10,116,000 after purchasing an additional 14,075 shares during the last quarter. Geode Capital Management LLC lifted its position in iRobot by 2.9% during the third quarter. Geode Capital Management LLC now owns 676,472 shares of the industrial products company’s stock worth $5,880,000 after buying an additional 19,233 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iRobot by 2,712.4% during the third quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock worth $3,480,000 after buying an additional 386,189 shares during the last quarter. AQR Capital Management LLC grew its holdings in iRobot by 185.4% in 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. Finally, Verition Fund Management LLC acquired a new stake in shares of iRobot in the 3rd quarter worth $1,556,000. 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.