StockNews.com Upgrades iRobot (NASDAQ:IRBT) to “Hold”

StockNews.com upgraded shares of iRobot (NASDAQ:IRBT) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

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

iRobot Price Performance

Shares of NASDAQ:IRBT opened at $3.77 on Monday. The firm has a 50 day moving average of $8.00 and a 200-day moving average of $7.92. The stock has a market capitalization of $115.47 million, a PE ratio of -0.82 and a beta of 0.87. 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 12 month low of $2.99 and a 12 month high of $14.51.

Hedge Funds Weigh In On iRobot

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in iRobot by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 676,472 shares of the industrial products company’s stock worth $5,880,000 after purchasing an additional 19,233 shares in the last quarter. Barclays PLC increased its position in iRobot by 250.1% during the 3rd quarter. Barclays PLC now owns 37,369 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 26,694 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in iRobot during the 4th quarter worth approximately $59,000. Private Advisor Group LLC increased its position in iRobot by 50.8% during the 4th quarter. Private Advisor Group LLC now owns 110,955 shares of the industrial products company’s stock worth $860,000 after purchasing an additional 37,358 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in iRobot by 2,712.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock worth $3,480,000 after purchasing an additional 386,189 shares in the last quarter. 77.42% of the stock is currently 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.