iRobot Target of Unusually Large Options Trading (NASDAQ:IRBT)

iRobot Co. (NASDAQ:IRBTGet Rating) saw unusually large options trading activity on Friday. Traders purchased 4,993 call options on the company. This represents an increase of 233% compared to the typical daily volume of 1,498 call options.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on IRBT shares. Citigroup dropped their price objective on shares of iRobot from $70.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, July 14th. JPMorgan Chase & Co. cut shares of iRobot from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $65.00 to $45.00 in a report on Friday, May 6th. Finally, StockNews.com cut shares of iRobot from a “hold” rating to a “sell” rating in a report on Friday, May 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $58.33.

iRobot Trading Up 19.1 %

iRobot stock opened at $59.54 on Friday. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -180.42, a PEG ratio of 2.82 and a beta of 1.43. The company’s 50-day moving average price is $42.61 and its two-hundred day moving average price is $52.41. iRobot has a 52 week low of $35.41 and a 52 week high of $98.86.

iRobot (NASDAQ:IRBTGet Rating) last released its earnings results on Wednesday, May 4th. The industrial products company reported ($0.87) EPS for the quarter, beating the consensus estimate of ($1.55) by $0.68. The firm had revenue of $291.97 million for the quarter, compared to analysts’ expectations of $302.46 million. iRobot had a negative net margin of 0.48% and a negative return on equity of 1.45%. iRobot’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS. Research analysts expect that iRobot will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at iRobot

In other news, CEO Colin M. Angle sold 23,350 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $46.30, for a total value of $1,081,105.00. Following the transaction, the chief executive officer now directly owns 319,322 shares in the company, valued at approximately $14,784,608.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On iRobot

Several large investors have recently bought and sold shares of IRBT. Renaissance Technologies LLC boosted its position in shares of iRobot by 225.3% during the 1st quarter. Renaissance Technologies LLC now owns 149,000 shares of the industrial products company’s stock valued at $9,447,000 after purchasing an additional 103,200 shares in the last quarter. Vident Investment Advisory LLC boosted its position in shares of iRobot by 14.8% during the 4th quarter. Vident Investment Advisory LLC now owns 448,499 shares of the industrial products company’s stock valued at $29,547,000 after purchasing an additional 57,759 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of iRobot during the 2nd quarter valued at about $2,077,000. Vanguard Group Inc. boosted its position in shares of iRobot by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,939,954 shares of the industrial products company’s stock valued at $186,394,000 after purchasing an additional 52,357 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of iRobot by 758.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 57,975 shares of the industrial products company’s stock valued at $3,819,000 after purchasing an additional 51,225 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

About iRobot

(Get Rating)

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.

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