iRobot’s (IRBT) “Hold” Rating Reaffirmed at Needham & Company LLC

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

iRobot Price Performance

NASDAQ IRBT opened at $3.64 on Thursday. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.54 and a quick ratio of 0.34. The stock’s fifty day moving average price is $3.87 and its 200 day moving average price is $4.25. iRobot has a 1 year low of $1.76 and a 1 year high of $13.06. The company has a market cap of $114.19 million, a price-to-earnings ratio of -0.58 and a beta of 0.90.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.91) by $0.64. iRobot had a negative net margin of 32.55% and a negative return on equity of 296.63%. The company had revenue of $127.60 million for the quarter, compared to analyst estimates of $125.00 million. As a group, equities research analysts forecast that iRobot will post -5.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. CWM LLC raised its holdings in iRobot by 2,194.9% in the 1st quarter. CWM LLC now owns 11,314 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 10,821 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of iRobot in the second quarter worth $32,000. Jump Financial LLC acquired a new position in shares of iRobot in the second quarter worth $36,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of iRobot during the 1st quarter worth $42,000. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in shares of iRobot during the 2nd quarter worth $44,000. Institutional investors and hedge funds own 77.42% of the company’s stock.

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.