ValuEngine lowered shares of iRobot (NASDAQ:IRBT) from a hold rating to a sell rating in a report released on Wednesday morning.

Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of iRobot from a strong-buy rating to a buy rating in a research report on Thursday, March 29th. Sidoti upgraded shares of iRobot from a neutral rating to a buy rating in a research report on Friday, February 9th. Zacks Investment Research lowered shares of iRobot from a buy rating to a hold rating in a research report on Tuesday, February 13th. JPMorgan Chase upgraded shares of iRobot from an underweight rating to a neutral rating and set a $61.00 price objective on the stock in a research report on Friday, February 9th. Finally, Piper Jaffray reiterated a neutral rating on shares of iRobot in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. iRobot currently has an average rating of Hold and an average price target of $70.60.

iRobot stock opened at $63.88 on Wednesday. iRobot has a 52 week low of $55.77 and a 52 week high of $109.78. The stock has a market capitalization of $1,795.22, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.25 by $0.29. iRobot had a net margin of 5.77% and a return on equity of 12.62%. The business had revenue of $327.00 million for the quarter, compared to analyst estimates of $319.02 million. During the same period in the previous year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 53.9% compared to the same quarter last year. analysts anticipate that iRobot will post 2.28 earnings per share for the current fiscal year.

iRobot declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 27th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in iRobot by 3.4% in the 4th quarter. BlackRock Inc. now owns 3,778,273 shares of the industrial products company’s stock valued at $289,792,000 after purchasing an additional 123,764 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in iRobot by 47.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 978,328 shares of the industrial products company’s stock valued at $75,038,000 after purchasing an additional 315,233 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in iRobot by 106.3% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 689,707 shares of the industrial products company’s stock valued at $52,900,000 after purchasing an additional 355,441 shares during the last quarter. Vident Investment Advisory LLC raised its stake in iRobot by 107.6% in the 4th quarter. Vident Investment Advisory LLC now owns 484,539 shares of the industrial products company’s stock valued at $37,164,000 after purchasing an additional 251,095 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its stake in iRobot by 3.1% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 377,008 shares of the industrial products company’s stock valued at $28,917,000 after purchasing an additional 11,202 shares during the last quarter. 89.40% of the stock is owned by hedge funds and other institutional investors.

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iRobot Company Profile

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for iRobot (NASDAQ:IRBT)

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