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

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

Separately, Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Thursday, March 13th.

iRobot Trading Down 4.3 %

NASDAQ IRBT opened at $2.70 on Friday. The stock has a market cap of $82.70 million, a P/E ratio of -0.59 and a beta of 0.87. The company’s fifty day simple moving average is $6.74 and its 200-day simple moving average is $7.67. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. iRobot has a 52 week low of $2.60 and a 52 week high of $14.51.

Institutional Investors Weigh In On iRobot

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of iRobot by 2,712.4% during the third quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock worth $3,480,000 after buying an additional 386,189 shares in the last quarter. Federated Hermes Inc. boosted its stake in iRobot by 41.8% during the 4th quarter. Federated Hermes Inc. now owns 1,003,473 shares of the industrial products company’s stock valued at $7,777,000 after acquiring an additional 295,997 shares during the last quarter. Verition Fund Management LLC acquired a new position in iRobot during the 3rd quarter worth $1,556,000. Renaissance Technologies LLC increased its position in shares of iRobot by 44.8% in the 4th quarter. Renaissance Technologies LLC now owns 575,176 shares of the industrial products company’s stock worth $4,458,000 after purchasing an additional 177,876 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of iRobot by 32.4% in the 4th quarter. Two Sigma Investments LP now owns 655,881 shares of the industrial products company’s stock valued at $5,083,000 after purchasing an additional 160,343 shares in the last quarter. 77.42% of the stock is currently owned by hedge funds and other institutional investors.

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.