iRobot (NASDAQ:IRBT) Rating Lowered to Sell at StockNews.com

StockNews.com lowered shares of iRobot (NASDAQ:IRBT - Free Report) from a hold rating to a sell rating in a research note published on Sunday.

Separately, Needham & Company LLC restated a "hold" rating on shares of iRobot in a research report on Thursday, August 8th.

iRobot Stock Performance

Shares of iRobot stock traded down $0.57 during trading hours on Friday, reaching $8.18. 707,758 shares of the stock traded hands, compared to its average volume of 642,480. iRobot has a one year low of $5.83 and a one year high of $42.14. The firm has a market capitalization of $235.23 million, a price-to-earnings ratio of -1.05 and a beta of 0.85. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average price of $7.71 and a 200 day moving average price of $8.84.

iRobot (NASDAQ:IRBT - Get Free Report) last announced its earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.77) by ($0.19). The business had revenue of $166.40 million for the quarter, compared to the consensus estimate of $168.73 million. iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The business's quarterly revenue was down 29.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.73) earnings per share. On average, equities research analysts expect that iRobot will post -4.43 earnings per share for the current fiscal year.

Institutional Trading of iRobot

Several institutional investors have recently made changes to their positions in IRBT. CWM LLC grew its stake in iRobot by 474.6% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 2,278 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of iRobot during the third quarter valued at about $39,000. Nisa Investment Advisors LLC increased its holdings in shares of iRobot by 1,167.8% in the second quarter. Nisa Investment Advisors LLC now owns 4,653 shares of the industrial products company's stock worth $42,000 after purchasing an additional 4,286 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of iRobot in the second quarter worth about $61,000. Finally, Sunbelt Securities Inc. boosted its stake in iRobot by 72.6% during the second quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company's stock valued at $69,000 after buying an additional 3,175 shares during the last quarter. Hedge funds and other institutional investors 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.