iRobot (NASDAQ:IRBT) was downgraded by StockNews.com

iRobot (NASDAQ:IRBT – Get a Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Separately, Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, August 8th.

Read the latest stock report on IRBT

iRobot stock performance

Shares of NASDAQ:IRBT opened at $7.29 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.53, and a debt-to-equity ratio of 1.16. The company has a market cap of $209.64 million, a price-to-earnings ratio of -0.94 and a beta of 0.84. The firm has a 50-day moving average of $8.61 and a 200-day moving average of $8.98. iRobot has a 52 week low of $5.83 and a 52 week high of $42.14.

iRobot (NASDAQ:IRBT – Get Free Report ) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) EPS for the quarter, missing the consensus estimate of ($1.77) by ($0.19). iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. The company had revenue of $166.40 million during the quarter, compared to the consensus estimate of $168.73 million. During the same period last year, the company posted ($1.73) earnings per share. The company’s revenue fell 29.7% year over year. On average, sell-side analysts anticipate that iRobot will post -4.43 earnings per share for the current fiscal year.

Institutional inputs and outputs

Several hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of iRobot during the fourth quarter valued at approximately $6,623,000. Hsbc Holdings PLC boosted its stake in iRobot by 11.2% during the fourth quarter. Hsbc Holdings PLC now owns 329,872 shares of the industrial products company’s stock worth $12,763,000 after buying an additional 33,356 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of iRobot by 6.5% during the fourth quarter. Allianz Asset Management GmbH now owns 101,374 shares of the industrial products company’s stock valued at $3,923,000 after purchasing an additional 6,196 shares during the last quarter. Olympiad Research LP boosted its stake in iRobot by 11.4% in the 4th quarter. Olympiad Research LP now owns 19,544 shares of the industrial products company’s stock worth $756,000 after acquiring an additional 2,000 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in iRobot by 57.5% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 24,250 shares of the industrial products company’s stock worth $938,000 after acquiring an additional 8,850 shares during the period. 77.42% of shares are owned by institutional investors and hedge funds.

iRobot Company Profile

(Get a free report)

iRobot Corporation designs, builds and sells robots and innovative home 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 supplies, such as Clean Base Automatic Dirt Disposal, replacement Clean Base dirt disposal bags, filters, brushes and batteries; The Braava family of automated floor cleaning robots; and Braava accessories and supplies, which include cleaning solution, washable and disposable mop pads, replacement tanks and batteries, and subscription services.

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