iRobot (NASDAQ:IRBT) Stock Rating Upgraded by StockNews.com

iRobot (NASDAQ:IRBT) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

Separately, Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research note on Thursday, August 8th.

iRobot Trading Up 1.2 %

Shares of iRobot stock opened at $7.35 on Monday. iRobot has a twelve month low of $5.83 and a twelve month high of $42.14. The firm’s 50-day moving average price is $8.81 and its 200 day moving average price is $9.09. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $211.36 million, a PE ratio of -0.94 and a beta of 0.84.

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

Institutional Investors Weigh In On iRobot

A number of hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System grew its stake in shares of iRobot by 14.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,000 shares of the industrial products company’s stock valued at $79,000 after buying an additional 1,130 shares during the period. Olympiad Research LP increased its stake in iRobot by 11.4% during the fourth quarter. Olympiad Research LP now owns 19,544 shares of the industrial products company’s stock worth $756,000 after acquiring an additional 2,000 shares during the last quarter. Russell Investments Group Ltd. increased its stake in iRobot by 10.7% during the fourth quarter. Russell Investments Group Ltd. now owns 21,211 shares of the industrial products company’s stock worth $821,000 after acquiring an additional 2,053 shares during the last quarter. CWM LLC raised its position in iRobot by 474.6% in the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 2,278 shares during the period. Finally, Swiss National Bank lifted its stake in shares of iRobot by 6.0% in the 1st quarter. Swiss National Bank now owns 55,000 shares of the industrial products company’s stock valued at $482,000 after purchasing an additional 3,100 shares during the last quarter. 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.