iRobot Corporation (IRBT) Short Interest Update
iRobot Corporation (NASDAQ:IRBT) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 7,369,307 shares, an increase of 26.7% from the October 13th total of 5,814,977 shares. Currently, 27.7% of the company’s stock are sold short. Based on an average daily volume of 1,934,316 shares, the days-to-cover ratio is currently 3.8 days.
IRBT has been the subject of a number of recent analyst reports. SprucePoint Capital restated a “sell” rating on shares of iRobot Corporation in a research note on Thursday, September 14th. Zacks Investment Research upgraded iRobot Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, October 17th. BidaskClub lowered iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Sidoti upgraded iRobot Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, October 27th. Finally, Piper Jaffray Companies decreased their target price on iRobot Corporation to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $68.50.
In other iRobot Corporation news, EVP Glen Daniel Weinstein sold 728 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total transaction of $72,800.00. Following the completion of the sale, the executive vice president now owns 68,355 shares in the company, valued at approximately $6,835,500. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ronald Chwang sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $92.71, for a total value of $927,100.00. Following the sale, the director now owns 12,630 shares of the company’s stock, valued at approximately $1,170,927.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,537 shares of company stock valued at $4,380,800. 4.49% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its position in iRobot Corporation by 14.0% during the 2nd quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 162 shares during the period. PNC Financial Services Group Inc. boosted its position in iRobot Corporation by 16.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 277 shares during the period. Riverhead Capital Management LLC boosted its position in iRobot Corporation by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 665 shares during the period. FNY Partners Fund LP acquired a new position in iRobot Corporation during the 2nd quarter valued at approximately $143,000. Finally, NEXT Financial Group Inc boosted its position in iRobot Corporation by 6.2% during the 2nd quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 79.93% of the company’s stock.
iRobot Corporation (NASDAQ IRBT) opened at $68.26 on Thursday. The company has a market capitalization of $1,917.49, a P/E ratio of 36.59, a PEG ratio of 1.87 and a beta of 1.00. iRobot Corporation has a 12-month low of $52.12 and a 12-month high of $109.78.
iRobot Corporation (NASDAQ:IRBT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.44 by $0.16. The company had revenue of $205.40 million during the quarter, compared to analyst estimates of $204.52 million. iRobot Corporation had a return on equity of 12.79% and a net margin of 7.80%. The business’s revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. research analysts expect that iRobot Corporation will post 1.84 earnings per share for the current year.
About iRobot Corporation
iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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