iRobot (NASDAQ:IRBT - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Monday.
Separately, Needham & Company LLC reiterated a "hold" rating on shares of iRobot in a report on Thursday, March 13th.
View Our Latest Analysis on IRBT
iRobot Price Performance
Shares of iRobot stock traded up $0.12 during trading on Monday, hitting $3.28. The stock had a trading volume of 1,887,665 shares, compared to its average volume of 1,610,976. The business has a fifty day moving average of $7.52 and a two-hundred day moving average of $7.83. iRobot has a fifty-two week low of $2.99 and a fifty-two week high of $14.51. The firm has a market cap of $100.46 million, a P/E ratio of -0.71 and a beta of 0.87. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94.
Hedge Funds Weigh In On iRobot
Hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in shares of iRobot in the 4th quarter valued at $59,000. SG Americas Securities LLC acquired a new position in shares of iRobot in the fourth quarter worth about $97,000. Quest Partners LLC increased its position in shares of iRobot by 39.8% in the third quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company's stock worth $100,000 after acquiring an additional 3,285 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of iRobot during the fourth quarter valued at approximately $108,000. Finally, Quarry LP lifted its position in shares of iRobot by 2,040.4% in the 4th quarter. Quarry LP now owns 13,934 shares of the industrial products company's stock valued at $108,000 after acquiring an additional 13,283 shares in the last quarter. 77.42% of the stock is currently owned by institutional investors and hedge funds.
About iRobot
(
Get Free Report)
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.
Further Reading
Before you consider iRobot, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iRobot wasn't on the list.
While iRobot currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
