iRobot (NASDAQ:IRBT) Upgraded to Hold at StockNews.com

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

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

iRobot Trading Up 0.3 %

NASDAQ:IRBT traded up $0.02 during midday trading on Monday, hitting $7.26. The stock had a trading volume of 585,199 shares, compared to its average volume of 2,007,229. The stock has a 50-day moving average of $8.81 and a 200 day moving average of $9.09. The company has a market capitalization of $208.78 million, a price-to-earnings ratio of -0.93 and a beta of 0.84. iRobot has a one year low of $5.83 and a one year high of $42.14. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 1.16.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) EPS 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 for the quarter, compared to analysts’ expectations of $168.73 million. During the same quarter in the prior year, the business posted ($1.73) EPS. The business’s quarterly revenue was down 29.7% on a year-over-year basis. As a group, sell-side analysts forecast that iRobot will post -4.43 EPS for the current year.

Institutional Trading of iRobot

A number of institutional investors have recently modified their holdings of IRBT. State Board of Administration of Florida Retirement System raised its stake in iRobot by 14.4% in the first 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 last quarter. Olympiad Research LP increased its holdings in shares of iRobot by 11.4% during the fourth quarter. Olympiad Research LP now owns 19,544 shares of the industrial products company’s stock valued at $756,000 after acquiring an additional 2,000 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of iRobot by 10.7% in the 4th quarter. Russell Investments Group Ltd. now owns 21,211 shares of the industrial products company’s stock valued at $821,000 after purchasing an additional 2,053 shares during the last quarter. CWM LLC boosted its stake in iRobot by 474.6% in the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 2,278 shares in the last quarter. Finally, Swiss National Bank grew its position in iRobot by 6.0% during the 1st quarter. Swiss National Bank now owns 55,000 shares of the industrial products company’s stock worth $482,000 after purchasing an additional 3,100 shares during the last quarter. 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.