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 research note issued to investors on Friday.

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

iRobot Stock Up 6.6 %

Shares of IRBT opened at $8.85 on Friday. The company has a market capitalization of $270.46 million, a P/E ratio of -1.92 and a beta of 0.80. 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 has a one year low of $5.83 and a one year high of $28.09. The business’s 50 day simple moving average is $8.21 and its 200-day simple moving average is $8.43.

iRobot (NASDAQ:IRBT) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The business had revenue of $193.40 million for the quarter, compared to the consensus estimate of $218.41 million. During the same period in the previous year, the business earned ($3.09) EPS. iRobot’s revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that iRobot will post -5.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC bought a new stake in shares of iRobot during the 3rd quarter valued at $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 during the last quarter. Olympiad Research LP bought a new stake in shares of iRobot during the 3rd quarter valued at $89,000. SG Americas Securities LLC bought a new stake in shares of iRobot during the 4th quarter valued at $97,000. Finally, 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 during the last quarter. Institutional investors own 77.42% of the company’s stock.

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.