iRobot (NASDAQ:IRBT) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of iRobot (NASDAQ:IRBT) in a research note issued to investors on Thursday morning,Benzinga reports.

Separately, StockNews.com cut shares of iRobot from a “hold” rating to a “sell” rating in a report on Saturday, January 25th.

iRobot Price Performance

Shares of NASDAQ:IRBT opened at $3.70 on Thursday. The company has a 50-day simple moving average of $8.17 and a 200-day simple moving average of $7.94. iRobot has a one year low of $2.99 and a one year high of $14.51. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45. The stock has a market capitalization of $113.07 million, a price-to-earnings ratio of -0.80 and a beta of 0.87.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IRBT. SBI Securities Co. Ltd. acquired a new stake in shares of iRobot in the fourth quarter valued at approximately $59,000. SG Americas Securities LLC acquired a new stake in iRobot during the fourth quarter worth approximately $97,000. Quest Partners LLC boosted 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 worth $100,000 after acquiring an additional 3,285 shares during the last quarter. Intech Investment Management LLC acquired a new stake in iRobot during the fourth quarter worth approximately $108,000. Finally, Quarry LP boosted its position in iRobot by 2,040.4% during the fourth quarter. Quarry LP now owns 13,934 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 13,283 shares during the last quarter. 77.42% of the stock is owned by hedge funds and other 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.