Needham & Company LLC reissued their hold rating on shares of iRobot (NASDAQ:IRBT – Free Report) in a report published on Thursday,Benzinga reports.
Separately, StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a research report on Saturday, January 25th.
View Our Latest Research Report on IRBT
iRobot Trading Down 24.6 %
Hedge Funds Weigh In On iRobot
A number of large investors have recently made changes to their positions in IRBT. SBI Securities Co. Ltd. bought a new stake in iRobot in the fourth quarter worth about $59,000. Quest Partners LLC raised its holdings in shares of iRobot by 39.8% in the third quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock worth $100,000 after buying an additional 3,285 shares during the period. SG Americas Securities LLC bought a new stake in shares of iRobot during the 4th quarter worth approximately $97,000. Point72 DIFC Ltd purchased a new position in iRobot during the 3rd quarter valued at $112,000. Finally, Marathon Trading Investment Management LLC bought a new position in iRobot in the 3rd quarter valued at $117,000. 77.42% of the stock is 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.
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