iRobot's (IRBT) "Hold" Rating Reiterated at Needham & Company LLC

iRobot (NASDAQ:IRBT - Get Free Report)'s stock had its "hold" rating restated by research analysts at Needham & Company LLC in a note issued to investors on Tuesday,Benzinga reports.

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

iRobot Stock Up 1.5 %

NASDAQ IRBT traded up $0.12 on Tuesday, reaching $7.91. The company had a trading volume of 1,856,698 shares, compared to its average volume of 2,996,957. The firm has a market capitalization of $241.73 million, a PE ratio of -1.72 and a beta of 0.80. iRobot has a 1 year low of $5.83 and a 1 year high of $19.68. The firm has a 50-day moving average of $8.26 and a 200-day moving average of $8.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94.

iRobot (NASDAQ:IRBT - Get Free Report) last released 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 analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($3.09) EPS. On average, equities research analysts anticipate that iRobot will post -5.74 EPS for the current fiscal year.

Hedge Funds Weigh In On iRobot

A number of institutional investors have recently made changes to their positions in the business. nVerses Capital LLC acquired a new stake in shares of iRobot during the 3rd quarter valued at approximately $39,000. Sunbelt Securities Inc. raised its position in shares of iRobot by 72.6% during the 2nd quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 3,175 shares in the last quarter. Olympiad Research LP acquired a new stake in shares of iRobot during the 3rd quarter valued at approximately $89,000. Quest Partners LLC raised 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 valued at $100,000 after acquiring an additional 3,285 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of iRobot by 96.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 12,147 shares of the industrial products company's stock valued at $106,000 after acquiring an additional 5,970 shares in the last quarter. 77.42% of the stock is owned by institutional investors and hedge funds.

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.