iRobot (NASDAQ:IRBT) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of iRobot (NASDAQ:IRBT) in a research report report published on Thursday,Benzinga reports.

Separately, StockNews.com downgraded shares of iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th.

iRobot Price Performance

Shares of NASDAQ:IRBT traded up $0.05 during trading on Thursday, reaching $6.97. The company had a trading volume of 2,432,894 shares, compared to its average volume of 1,817,597. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $210.71 million, a P/E ratio of -1.44 and a beta of 0.86. The company has a fifty day moving average of $7.88 and a two-hundred day moving average of $8.89. iRobot has a 12 month low of $5.83 and a 12 month high of $42.14.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.77) by ($0.19). The firm had revenue of $166.40 million during the quarter, compared to the consensus estimate of $168.73 million. iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. iRobot’s revenue was down 29.7% on a year-over-year basis. During the same period last year, the business earned ($1.73) EPS. Equities research analysts forecast that iRobot will post -4.43 earnings per share for the current year.

Hedge Funds Weigh In On iRobot

A number of hedge funds have recently modified their holdings of IRBT. Susquehanna Fundamental Investments LLC bought a new position in iRobot during the first quarter valued at approximately $1,277,000. Allspring Global Investments Holdings LLC bought a new position in iRobot in the first quarter worth approximately $77,000. BNP Paribas Financial Markets raised its holdings in shares of iRobot by 101.6% in the 1st quarter. BNP Paribas Financial Markets now owns 35,985 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 18,133 shares in the last quarter. Russell Investments Group Ltd. boosted its position in iRobot by 130.4% during the first quarter. Russell Investments Group Ltd. now owns 48,870 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 27,659 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of iRobot during the first quarter worth $4,083,000. 77.42% of the stock is currently owned by 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.