iRobot’s (IRBT) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of iRobot (NASDAQ:IRBT) in a report released on Tuesday morning,Benzinga reports.

Separately, StockNews.com raised iRobot from a “sell” rating to a “hold” rating in a report on Friday, January 17th.

iRobot Stock Performance

Shares of NASDAQ:IRBT opened at $8.23 on Tuesday. The firm has a fifty day simple moving average of $8.33 and a two-hundred day simple moving average of $8.41. iRobot has a 52 week low of $5.83 and a 52 week high of $19.45. The stock has a market capitalization of $251.51 million, a P/E ratio of -1.79 and a beta of 0.80. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $193.40 million for 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%. iRobot’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted ($3.09) EPS. On average, analysts expect that iRobot will post -5.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in iRobot during the 3rd quarter worth $39,000. Sunbelt Securities Inc. grew its holdings in iRobot by 72.6% during the second quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 3,175 shares during the period. Olympiad Research LP purchased a new position in iRobot in the third quarter worth $89,000. SG Americas Securities LLC acquired a new stake in iRobot in the fourth quarter valued at $97,000. Finally, Quest Partners LLC boosted its position in shares of iRobot by 39.8% during the 3rd quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 3,285 shares in the last quarter. Institutional investors and hedge funds 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.