iRobot (NASDAQ:IRBT) Downgraded to “Sell” Rating by StockNews.com

iRobot (NASDAQ:IRBT) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Needham & Company LLC reissued a “hold” rating on shares of iRobot in a report on Thursday, March 13th.

iRobot Stock Performance

Shares of IRBT opened at $2.82 on Friday. iRobot has a 12 month low of $2.80 and a 12 month high of $14.51. The stock has a fifty day moving average price of $6.86 and a 200-day moving average price of $7.70. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. The firm has a market cap of $86.37 million, a PE ratio of -0.61 and a beta of 0.87.

Institutional Investors Weigh In On iRobot

Several institutional investors and hedge funds have recently made changes to their positions in IRBT. Quest Partners LLC grew its stake in iRobot by 39.8% during the 3rd quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 3,285 shares during the last quarter. Quantbot Technologies LP purchased a new stake in iRobot in the third quarter valued at approximately $213,000. BNP Paribas Financial Markets increased its holdings in iRobot by 37.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,141 shares of the industrial products company’s stock worth $184,000 after buying an additional 5,709 shares during the period. Verition Fund Management LLC acquired a new stake in iRobot during the 3rd quarter valued at approximately $1,556,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of iRobot in the 3rd quarter valued at $112,000. 77.42% of the stock is currently owned by institutional investors and hedge funds.

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.