iRobot Sees Unusually High Options Volume (NASDAQ:IRBT)

iRobot Co. (NASDAQ:IRBT) saw some unusual options trading activity on Monday. Investors acquired 13,328 call options on the company. This represents an increase of approximately 512% compared to the average volume of 2,178 call options.

iRobot Stock Up 28.2 %

IRBT stock opened at $12.70 on Tuesday. The firm has a market cap of $388.10 million, a price-to-earnings ratio of -2.76 and a beta of 0.80. iRobot has a 1-year low of $5.83 and a 1-year high of $38.36. The firm has a fifty day moving average price of $8.00 and a two-hundred day moving average price of $8.38. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $193.40 million during the quarter, compared to the consensus estimate of $218.41 million. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned ($3.09) EPS. Research analysts predict that iRobot will post -5.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on IRBT shares. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, November 7th. StockNews.com lowered iRobot from a “hold” rating to a “sell” rating in a research report on Sunday, October 27th.

Institutional Trading of iRobot

A number of hedge funds and other institutional investors have recently made changes to their positions in IRBT. nVerses Capital LLC acquired a new position in shares of iRobot during the third quarter valued at approximately $39,000. Daiwa Securities Group Inc. bought a new position in shares of iRobot in the second quarter valued at $61,000. Sunbelt Securities Inc. boosted its position in shares of iRobot by 72.6% in the 2nd 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 during the period. Olympiad Research LP acquired a new position in iRobot in the 3rd quarter worth approximately $89,000. Finally, Quest Partners LLC raised its position 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 buying an additional 3,285 shares during the period. 77.42% of the stock is currently owned by institutional investors.

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.