iRobot (NASDAQ:IRBT) Receives Hold Rating from Needham & Company LLC

iRobot (NASDAQ:IRBT)‘s stock had its “hold” rating reiterated by equities researchers at Needham & Company LLC in a research report issued on Tuesday,Benzinga reports.

Separately, StockNews.com raised shares of iRobot from a “sell” rating to a “hold” rating in a report on Friday.

iRobot Stock Up 6.6 %

Shares of NASDAQ IRBT opened at $8.85 on Tuesday. 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 has a market capitalization of $270.46 million, a PE ratio of -1.92 and a beta of 0.80. iRobot has a one year low of $5.83 and a one year high of $28.09. The business’s fifty day moving average price is $8.24 and its 200-day moving average price is $8.43.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $193.40 million for the quarter, compared to the consensus estimate of $218.41 million. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.09) earnings per share. On average, equities research analysts anticipate that iRobot will post -5.74 EPS for the current year.

Institutional Trading of iRobot

A number of institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in shares of iRobot by 15.2% in the second quarter. Rhumbline Advisers now owns 49,040 shares of the industrial products company’s stock worth $447,000 after buying an additional 6,485 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in iRobot by 47.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 93,500 shares of the industrial products company’s stock worth $852,000 after acquiring an additional 30,300 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of iRobot by 131.1% in the 2nd quarter. Squarepoint Ops LLC now owns 79,925 shares of the industrial products company’s stock valued at $728,000 after acquiring an additional 337,057 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of iRobot by 185.4% during the 2nd quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock valued at $1,789,000 after acquiring an additional 127,602 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of iRobot by 72.6% during the second quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 3,175 shares in the last quarter. Hedge funds and other 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.