StockNews.com Upgrades iRobot (NASDAQ:IRBT) to Hold

iRobot (NASDAQ:IRBT) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Thursday.

iRobot Price Performance

Shares of IRBT stock traded up $0.07 during trading hours on Monday, reaching $3.77. The company had a trading volume of 3,379,098 shares, compared to its average volume of 1,601,216. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45. The stock has a fifty day moving average of $8.00 and a 200-day moving average of $7.92. The company has a market capitalization of $115.47 million, a price-to-earnings ratio of -0.82 and a beta of 0.87. iRobot has a 12-month low of $2.99 and a 12-month high of $14.51.

Hedge Funds Weigh In On iRobot

Several hedge funds and other institutional investors have recently made changes to their positions in IRBT. JPMorgan Chase & Co. lifted its stake in iRobot by 2,712.4% in the third quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock worth $3,480,000 after acquiring an additional 386,189 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of iRobot by 41.8% during the 4th quarter. Federated Hermes Inc. now owns 1,003,473 shares of the industrial products company’s stock worth $7,777,000 after purchasing an additional 295,997 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of iRobot during the 3rd quarter worth $1,556,000. Renaissance Technologies LLC lifted its holdings in iRobot by 44.8% during the 4th quarter. Renaissance Technologies LLC now owns 575,176 shares of the industrial products company’s stock worth $4,458,000 after buying an additional 177,876 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in iRobot by 32.4% during the 4th quarter. Two Sigma Investments LP now owns 655,881 shares of the industrial products company’s stock worth $5,083,000 after buying an additional 160,343 shares during the last quarter. Hedge funds and other institutional investors 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.