iRobot (NASDAQ:IRBT) Upgraded at StockNews.com

StockNews.com upgraded shares of iRobot (NASDAQ:IRBT) from a sell rating to a hold rating in a report issued on Friday morning.

Separately, Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research note on Thursday, November 7th.

iRobot Trading Up 6.6 %

IRBT opened at $8.85 on Friday. iRobot has a twelve month low of $5.83 and a twelve month high of $28.09. The company has a fifty day moving average of $8.21 and a 200-day moving average of $8.43. The stock has a market cap of $270.45 million, a PE ratio of -1.92 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 issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $193.40 million during 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%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted ($3.09) EPS. On average, sell-side analysts predict that iRobot will post -5.74 EPS for the current year.

Institutional Investors Weigh In On iRobot

Several hedge funds and other institutional investors have recently bought and sold shares of IRBT. SG Americas Securities LLC acquired a new stake in shares of iRobot in the 4th quarter valued at about $97,000. Harbor Capital Advisors Inc. boosted its holdings in iRobot by 28.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 15,595 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 3,448 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iRobot by 2,712.4% in the third quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock valued at $3,480,000 after acquiring an additional 386,189 shares during the period. Barclays PLC increased its holdings in shares of iRobot by 250.1% during the third quarter. Barclays PLC now owns 37,369 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 26,694 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of iRobot by 2.9% during the third quarter. Geode Capital Management LLC now owns 676,472 shares of the industrial products company’s stock worth $5,880,000 after purchasing an additional 19,233 shares during the period. 77.42% of the stock is owned by 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.