iRobot (IRBT) Stock Rating Lowered by ValuEngine

iRobot (NASDAQ:IRBT) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Other equities research analysts have also recently issued reports about the company. Sidoti cut iRobot from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Zacks Investment Research cut iRobot from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Piper Jaffray restated a “neutral” rating on shares of iRobot in a research report on Thursday, February 8th. BidaskClub cut iRobot from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 29th. Finally, UBS upgraded iRobot from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. iRobot has a consensus rating of “Hold” and an average target price of $70.60.

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Shares of IRBT opened at $63.67 on Wednesday. iRobot has a fifty-two week low of $55.77 and a fifty-two week high of $109.78. The stock has a market cap of $1,736.77, a price-to-earnings ratio of 35.97, a P/E/G ratio of 1.82 and a beta of 1.11.



iRobot (NASDAQ:IRBT) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.29. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The firm had revenue of $327.00 million for the quarter, compared to analysts’ expectations of $319.02 million. During the same period last year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 53.9% on a year-over-year basis. equities analysts anticipate that iRobot will post 2.26 earnings per share for the current fiscal year.

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

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted 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 buying an additional 123,764 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted 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 worth $75,038,000 after purchasing an additional 315,233 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted 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 worth $52,900,000 after purchasing an additional 355,441 shares in the last quarter. Vident Investment Advisory LLC lifted 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 worth $37,164,000 after purchasing an additional 251,095 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted 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 worth $28,917,000 after purchasing an additional 11,202 shares in the last quarter. 89.40% of the stock is currently 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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