iRobot (NASDAQ:IRBT) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of iRobot (NASDAQ:IRBT) from a hold rating to a sell rating in a research report report published on Friday morning.

IRBT has been the topic of several other reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of iRobot in a report on Saturday, September 27th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Thursday, August 14th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

iRobot Stock Up 5.8%

NASDAQ:IRBT opened at $4.22 on Friday. iRobot has a 52 week low of $1.76 and a 52 week high of $13.06. The stock has a market capitalization of $132.38 million, a PE ratio of -0.68 and a beta of 0.95. The stock’s 50-day moving average price is $3.72 and its 200-day moving average price is $3.30.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.91) by $0.64. iRobot had a negative return on equity of 296.63% and a negative net margin of 32.55%.The company had revenue of $127.60 million for the quarter, compared to analysts’ expectations of $125.00 million. Sell-side analysts expect that iRobot will post -5.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd purchased a new position in iRobot in the 2nd quarter worth approximately $32,000. Hilltop Partners LLC purchased a new position in iRobot in the 2nd quarter worth approximately $32,000. CWM LLC lifted its stake in iRobot by 2,194.9% in the 1st quarter. CWM LLC now owns 11,314 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 10,821 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of iRobot during the 2nd quarter valued at approximately $36,000. Finally, Headlands Technologies LLC purchased a new stake in shares of iRobot during the 2nd quarter valued at approximately $38,000. 77.42% of the stock is owned by hedge funds and other institutional investors.

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.