iRobot (NASDAQ:IRBT) Reaches New 1-Year Low at $51.14

iRobot Co. (NASDAQ:IRBT)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $51.14 and last traded at $53.06, with a volume of 830541 shares changing hands. The stock had previously closed at $57.42.

A number of research firms have recently issued reports on IRBT. Sidoti raised shares of iRobot from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Thursday, August 29th. Northland Securities reaffirmed a “buy” rating and set a $105.00 price objective on shares of iRobot in a report on Thursday, July 25th. Zacks Investment Research downgraded shares of iRobot from a “hold” rating to a “sell” rating and set a $95.00 price objective for the company. in a report on Wednesday, June 26th. Dougherty & Co reaffirmed a “neutral” rating on shares of iRobot in a report on Thursday, July 25th. Finally, Canaccord Genuity dropped their price objective on shares of iRobot from $114.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $90.43.

The company has a current ratio of 3.15, a quick ratio of 1.90 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.68 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.46 and a beta of 1.59. The business’s fifty day moving average price is $61.72 and its 200-day moving average price is $87.01.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.22. The business had revenue of $260.17 million during the quarter, compared to the consensus estimate of $267.96 million. iRobot had a net margin of 7.57% and a return on equity of 16.06%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. As a group, equities research analysts forecast that iRobot Co. will post 2.73 EPS for the current year.

In other iRobot news, Director Mohamad Ali sold 780 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $61.11, for a total value of $47,665.80. Following the completion of the sale, the director now directly owns 12,634 shares of the company’s stock, valued at $772,063.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.01% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its position in shares of iRobot by 3.3% in the second quarter. Commonwealth Equity Services LLC now owns 11,048 shares of the industrial products company’s stock valued at $1,012,000 after acquiring an additional 357 shares during the period. Scout Investments Inc. increased its position in shares of iRobot by 65.2% in the second quarter. Scout Investments Inc. now owns 68,517 shares of the industrial products company’s stock valued at $6,279,000 after acquiring an additional 27,034 shares during the period. Advisor Group Inc. increased its position in shares of iRobot by 66.5% in the second quarter. Advisor Group Inc. now owns 2,856 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 1,141 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in shares of iRobot by 135.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 31,618 shares of the industrial products company’s stock valued at $2,897,000 after acquiring an additional 18,216 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of iRobot by 3.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,404 shares of the industrial products company’s stock valued at $754,000 after acquiring an additional 185 shares during the period.

iRobot Company Profile (NASDAQ:IRBT)

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 stairs.

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