iRobot Co. (NASDAQ:IRBT) Short Interest Update

iRobot Co. (NASDAQ:IRBT) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 8,230,000 shares, a decrease of 12.8% from the March 15th total of 9,440,000 shares. Based on an average daily volume of 3,130,000 shares, the short-interest ratio is currently 2.6 days. Approximately 30.4% of the company’s stock are short sold.

Analyst Ratings Changes

Several research firms recently issued reports on IRBT. StockNews.com raised iRobot from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Citigroup dropped their price target on iRobot from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th.

Insider Buying and Selling at iRobot

In other iRobot news, Director Colin M. Angle sold 179,503 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $11.46, for a total value of $2,057,104.38. Following the transaction, the director now directly owns 14,797 shares of the company’s stock, valued at approximately $169,573.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On iRobot

Several large investors have recently added to or reduced their stakes in IRBT. Advisor Group Holdings Inc. increased its position in iRobot by 10.2% in the first 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 period. Cambridge Investment Research Advisors Inc. grew its stake in shares of iRobot by 9.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,786 shares of the industrial products company’s stock worth $620,000 after purchasing an additional 847 shares in the last quarter. Bank of Montreal Can grew its stake in shares of iRobot by 3.2% in the first quarter. Bank of Montreal Can now owns 7,600 shares of the industrial products company’s stock worth $503,000 after purchasing an additional 235 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of iRobot by 54.6% in the first quarter. MetLife Investment Management LLC now owns 13,739 shares of the industrial products company’s stock worth $871,000 after purchasing an additional 4,851 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of iRobot by 3.7% in the first quarter. Rhumbline Advisers now owns 71,268 shares of the industrial products company’s stock worth $4,518,000 after purchasing an additional 2,548 shares in the last quarter. 77.42% of the stock is owned by institutional investors and hedge funds.

iRobot Price Performance

Shares of NASDAQ IRBT opened at $7.58 on Tuesday. iRobot has a 1-year low of $7.41 and a 1-year high of $51.49. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.62 and a quick ratio of 1.09. The business’s fifty day moving average price is $10.32 and its two-hundred day moving average price is $24.79. The firm has a market capitalization of $215.43 million, a PE ratio of -0.69 and a beta of 0.91.

iRobot (NASDAQ:IRBT) last issued its earnings results on Monday, February 26th. The industrial products company reported ($2.18) earnings per share for the quarter. iRobot had a negative return on equity of 84.78% and a negative net margin of 34.22%. The company had revenue of $307.54 million during the quarter. On average, research analysts expect that iRobot will post -4.95 EPS for the current year.

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.