iRobot Sees Unusually High Options Volume (NASDAQ:IRBT)

iRobot Co. (NASDAQ:IRBT - Get Free Report) saw some unusual options trading on Tuesday. Investors acquired 7,306 call options on the stock. This represents an increase of 216% compared to the typical volume of 2,313 call options.

iRobot Stock Performance

Shares of NASDAQ IRBT traded up $0.24 during midday trading on Tuesday, hitting $7.21. 2,163,488 shares of the company's stock were exchanged, compared to its average volume of 1,810,635. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94. The stock's 50 day moving average price is $7.90 and its 200-day moving average price is $8.84. The firm has a market cap of $220.34 million, a P/E ratio of -1.57 and a beta of 0.86. iRobot has a twelve month low of $5.83 and a twelve month high of $42.14.

iRobot (NASDAQ:IRBT - Get Free Report) last released its 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 firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($3.09) earnings per share. Equities research analysts anticipate that iRobot will post -5.74 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on IRBT shares. Needham & Company LLC restated a "hold" rating on shares of iRobot in a research note on Thursday, November 7th. StockNews.com lowered iRobot from a "hold" rating to a "sell" rating in a report on Sunday, October 27th.

Institutional Investors Weigh In On iRobot

A number of institutional investors and hedge funds have recently modified their holdings of IRBT. CWM LLC raised its stake in iRobot by 474.6% during the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 2,278 shares during the period. nVerses Capital LLC acquired a new stake in iRobot during the 3rd quarter valued at $39,000. Nisa Investment Advisors LLC raised its stake in iRobot by 1,167.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,653 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 4,286 shares during the period. Daiwa Securities Group Inc. acquired a new stake in iRobot during the 2nd quarter valued at $61,000. Finally, Sunbelt Securities Inc. raised its stake in 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 purchasing an additional 3,175 shares during the period. Institutional investors and hedge funds 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.