iRobot (NASDAQ:IRBT) Lowered to “Sell” at StockNews.com

iRobot (NASDAQ:IRBT – Get Rating) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

iRobot Stock Performance

NASDAQ:IRBT opened at $32.72 on Friday. The company has a fifty day moving average of $40.86 and a two-hundred day moving average of $45.37. The stock has a market capitalization of $902.88 million, a PE ratio of -2.65 and a beta of 1.08. iRobot has a fifty-two week low of $32.20 and a fifty-two week high of $60.24.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IRBT. Advisor Group Holdings Inc. lifted its position in shares of iRobot by 10.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,107 shares of the industrial products company’s stock worth $260,000 after buying an additional 381 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in iRobot by 9.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,786 shares of the industrial products company’s stock valued at $620,000 after acquiring an additional 847 shares during the last quarter. Bank of Montreal Can grew its stake in iRobot by 3.2% in the 1st quarter. Bank of Montreal Can now owns 7,600 shares of the industrial products company’s stock valued at $503,000 after acquiring an additional 235 shares during the last quarter. MetLife Investment Management LLC grew its stake in iRobot by 54.6% in the 1st quarter. MetLife Investment Management LLC now owns 13,739 shares of the industrial products company’s stock valued at $871,000 after acquiring an additional 4,851 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in iRobot by 3.7% in the 1st quarter. Rhumbline Advisers now owns 71,268 shares of the industrial products company’s stock valued at $4,518,000 after acquiring an additional 2,548 shares during the last quarter. Hedge funds and other institutional investors own 84.03% of the company’s stock.

About iRobot

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iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums and maps, and pool cleaners. It operates through Domestic and International segments. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.