iRobot Target of Unusually High Options Trading (NASDAQ:IRBT)

iRobot Co. (NASDAQ:IRBT) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 9,949 call options on the company. This represents an increase of approximately 193% compared to the typical daily volume of 3,399 call options.

Institutional Investors Weigh In On iRobot

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in iRobot by 2,712.4% during the third quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock worth $3,480,000 after acquiring an additional 386,189 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of iRobot during the 3rd quarter valued at about $1,556,000. Private Advisor Group LLC grew its position in shares of iRobot by 234.2% in the 3rd quarter. Private Advisor Group LLC now owns 73,597 shares of the industrial products company’s stock valued at $640,000 after purchasing an additional 51,575 shares during the period. Public Employees Retirement System of Ohio raised its holdings in iRobot by 128.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 70,979 shares of the industrial products company’s stock worth $617,000 after buying an additional 39,977 shares during the period. Finally, Barclays PLC lifted its stake in iRobot by 250.1% in the third quarter. Barclays PLC now owns 37,369 shares of the industrial products company’s stock valued at $325,000 after buying an additional 26,694 shares in the last quarter. Institutional investors and hedge funds own 77.42% of the company’s stock.

Wall Street Analysts Forecast Growth

IRBT has been the topic of several recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research report on Tuesday, January 21st. StockNews.com cut iRobot from a “hold” rating to a “sell” rating in a report on Saturday, January 25th.

iRobot Trading Up 4.7 %

iRobot stock traded up $0.43 during mid-day trading on Tuesday, hitting $9.58. The stock had a trading volume of 1,604,124 shares, compared to its average volume of 2,342,282. The stock has a market capitalization of $292.86 million, a PE ratio of -2.09 and a beta of 0.80. iRobot has a 12 month low of $5.83 and a 12 month high of $14.51. 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 stock has a 50-day simple moving average of $8.54 and a two-hundred day simple moving average of $8.18.

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.