iRobot (NASDAQ:IRBT) Stock Rating Upgraded by StockNews.com

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

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research report on Thursday, March 13th.

iRobot Trading Down 8.5 %

NASDAQ:IRBT opened at $3.45 on Monday. The firm has a 50-day simple moving average of $7.82 and a 200-day simple moving average of $7.90. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45. iRobot has a one year low of $2.99 and a one year high of $14.51. The firm has a market cap of $105.67 million, a P/E ratio of -0.75 and a beta of 0.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its position in shares of iRobot by 1.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 71,944 shares of the industrial products company’s stock worth $558,000 after buying an additional 965 shares during the last quarter. PharVision Advisers LLC purchased a new stake in iRobot during the 4th quarter worth approximately $405,000. Squarepoint Ops LLC purchased a new stake in iRobot during the 4th quarter worth approximately $832,000. Two Sigma Advisers LP grew its position in iRobot by 17.3% during the 4th quarter. Two Sigma Advisers LP now owns 578,100 shares of the industrial products company’s stock worth $4,480,000 after purchasing an additional 85,200 shares during the last quarter. Finally, Two Sigma Investments LP grew its position 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 purchasing an additional 160,343 shares during the last quarter. Hedge funds and other institutional investors own 77.42% of the company’s stock.

About iRobot

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.