iRobot (NASDAQ:IRBT) Downgraded by ValuEngine to “Hold”

iRobot (NASDAQ:IRBT) was downgraded by equities researchers at … Needham & Company LLC downgraded iRobot from a “buy” rating to a “hold” …

iRobot logoiRobot (NASDAQ:IRBT) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday, May 1st, ValuEngine reports.

IRBT has been the topic of a number of other reports. BidaskClub raised iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Zacks Investment Research downgraded iRobot from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Canaccord Genuity downgraded iRobot from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $115.00 to $114.00 in a research report on Tuesday, February 19th. They noted that the move was a valuation call. Needham & Company LLC downgraded iRobot from a “buy” rating to a “hold” rating and set a $126.87 target price on the stock. in a research report on Tuesday, March 19th. They noted that the move was a valuation call. Finally, Sidoti downgraded iRobot from a “buy” rating to a “neutral” rating and set a $118.00 target price on the stock. in a research report on Thursday, February 21st. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $114.12.

Shares of NASDAQ:IRBT traded down $0.32 during midday trading on Wednesday, hitting $96.53. The stock had a trading volume of 809,759 shares, compared to its average volume of 902,359. The stock has a market capitalization of $2.72 billion, a PE ratio of 22.14, a PEG ratio of 1.24 and a beta of 1.63. The company has a current ratio of 3.22, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. iRobot has a fifty-two week low of $60.05 and a fifty-two week high of $132.88.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.16. The company had revenue of $237.66 million for the quarter, compared to analyst estimates of $251.40 million. iRobot had a net margin of 8.09% and a return on equity of 17.64%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. On average, research analysts predict that iRobot will post 4.12 EPS for the current fiscal year.

In related news, COO Christian Cerda sold 14,177 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $122.88, for a total transaction of $1,742,069.76. Following the completion of the transaction, the chief operating officer now directly owns 63,336 shares of the company’s stock, valued at approximately $7,782,727.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alison Dean sold 23,625 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $126.12, for a total value of $2,979,585.00. Following the transaction, the chief financial officer now directly owns 68,765 shares of the company’s stock, valued at $8,672,641.80. The disclosure for this sale can be found here. Insiders sold a total of 93,897 shares of company stock worth $11,580,646 in the last quarter. Company insiders own 3.01% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. acquired a new stake in shares of iRobot in the 4th quarter valued at about $25,000. Osborn Williams & Donohoe LLC purchased a new position in shares of iRobot during the 1st quarter worth approximately $29,000. Capital Investment Advisory Services LLC purchased a new position in shares of iRobot during the 4th quarter worth approximately $39,000. Bruderman Asset Management LLC purchased a new position in shares of iRobot during the 4th quarter worth approximately $58,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of iRobot by 16.7% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 700 shares of the industrial products company’s stock worth $82,000 after buying an additional 100 shares in the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.

About iRobot

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

Analyst Recommendations for iRobot (NASDAQ:IRBT)

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Amazon’s Most Reviewed Robot Vacuum Is Currently $140 Off

It’s currently $215 cheaper than Amazon’s most popular Roomba robot vacuum, and it’s got more five-star reviews, too. By Jessica Leigh Mattern.
Ecovas Deebot robot vacuum
amazon.com

If you thought you couldn’t afford your own around-the-clock cleaning service—think again!

While you may not be able to enlist the full-time help of a housekeeper or team of cleaners, the Ecovas Deebot robot vacuum is the next best thing for your floors and it’s currently 47 percent off. The top-rated vacuum, which is marked down to just $160 on Amazon, cleans your hardwood, carpet, and tiled floors whenever you want.

The cleaning gadget is Amazon’s best-selling and most reviewed robot vacuum with over 2,000 five-star reviews. Amazon shoppers love its affordable price point as well as its long battery life, durability, and powerful suction, which is great for collecting dirt, dust, and even pet hair. In fact, shoppers say it’s a “game-changer” for households with multiple cats and dogs, and it collects an impressive amount of pet dander.

Save $140 On The ECOVACS DEEBOT N79S Robotic Vacuum Cleaner

We don’t have robotic maids just yet (at least not in this corner of the universe) but this heavy-duty, yet totally compact ECOVACS DEEBOT N79S is …

Best-Selling Robot Vacuum Is Practically 50% Off RIGHT NOW on Amazon

May 9, 2019

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The AskMen editorial team thoroughly researches & reviews the best gear, services and staples for life. AskMen may get paid if you click a link in this article and buy a product or service.


Answer honestly: when’s the last time you vacuumed or swept your floors? If you started counting the months backwards on your fingers – and maybe your toes – you could probably use a little assistance. We don’t have robotic maids just yet (at least not in this corner of the universe) but this heavy-duty, yet totally compact ECOVACS DEEBOT N79S is about as close as we can get. Actually, it’s probably better – and it’s nearly 50% off. Get it now for $159.99 – regular price is $299.99. Hurry though because we don’t know how long this deal will last.

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This automated vac has not one, not two, but three brushes ready to sweep or vacuum your entire floor. But, no worries if you were too caught up in your Netflix binge to realize that half your dinner’s remnants landed on the floor in front of your couch; the ECOVACS DEEBOT N79S boasts a Spot Mode to tackle those smaller messes. Additionally, the appropriately named Edge Mode concentrates on just the edges of your floors where every dustball, crumb, and pesky piece of hair always seems to congregate.

If you were thinking “Surely, that must be enough modes,” you would be mistaken. You can also tap into Max Power Mode for double the cleaning power when you really need it – like when your buddies come over to watch the game and drop more food on the floor than they get in their mouths.

Best of all, this little vac has a runtime of up to two hours, and it sends itself home (or back to its charging dock, same thing) when it needs more juice. The ECOVACS DEEBOT N79S also plays well with Alexa and Google Assistant devices so you can take full advantage of voice commands, easy scheduling, and much more.

At 47 percent off, there’s no better time than now to stop sweeping all your crumbs under the rug and finally treat yourself to one of these robo-vacuums.

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ECOVACS DEEBOT N79S Robotic Vacuum Cleaner

$159.99 (regular price $299.99) at Amazon.com


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Psagot Investment House Ltd. Lowers Stake in iRobot Co. (IRBT)

Psagot Investment House Ltd. lowered its position in iRobot Co. (NASDAQ:IRBT) by 30.0% during the first quarter, according to the company in its …

iRobot logoPsagot Investment House Ltd. lowered its position in iRobot Co. (NASDAQ:IRBT) by 30.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 818 shares of the industrial products company’s stock after selling 350 shares during the period. Psagot Investment House Ltd.’s holdings in iRobot were worth $96,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IRBT. Norges Bank purchased a new stake in iRobot during the 4th quarter worth approximately $33,787,000. FMR LLC grew its position in iRobot by 7.3% during the 4th quarter. FMR LLC now owns 2,589,072 shares of the industrial products company’s stock worth $216,809,000 after purchasing an additional 176,245 shares during the last quarter. PNC Financial Services Group Inc. grew its position in iRobot by 7,807.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 141,068 shares of the industrial products company’s stock worth $11,813,000 after purchasing an additional 139,284 shares during the last quarter. Columbus Circle Investors grew its position in iRobot by 62.6% during the 4th quarter. Columbus Circle Investors now owns 338,629 shares of the industrial products company’s stock worth $28,357,000 after purchasing an additional 130,362 shares during the last quarter. Finally, Truehand Inc purchased a new stake in iRobot during the 4th quarter worth approximately $5,251,000. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:IRBT traded down $3.85 during trading hours on Thursday, reaching $93.00. 279,135 shares of the company were exchanged, compared to its average volume of 903,118. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 3.22. The stock has a market capitalization of $2.72 billion, a PE ratio of 21.33, a P/E/G ratio of 1.24 and a beta of 1.63. iRobot Co. has a twelve month low of $60.05 and a twelve month high of $132.88.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.16. The company had revenue of $237.66 million during the quarter, compared to analysts’ expectations of $251.40 million. iRobot had a net margin of 8.09% and a return on equity of 17.64%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. Research analysts forecast that iRobot Co. will post 4.12 earnings per share for the current year.

IRBT has been the topic of several research analyst reports. Northland Securities reissued a “buy” rating and set a $130.00 target price on shares of iRobot in a research report on Tuesday, April 9th. Sidoti downgraded shares of iRobot from a “buy” rating to a “neutral” rating and set a $118.00 price objective on the stock. in a report on Thursday, February 21st. They noted that the move was a valuation call. ValuEngine raised shares of iRobot from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Piper Jaffray Companies upped their price objective on shares of iRobot from $82.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, February 7th. Finally, Needham & Company LLC downgraded shares of iRobot from a “buy” rating to a “hold” rating and set a $126.87 price objective on the stock. in a report on Tuesday, March 19th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. iRobot has a consensus rating of “Hold” and an average price target of $114.12.

In related news, Director Deborah G. Ellinger sold 2,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the sale, the director now owns 16,726 shares of the company’s stock, valued at $2,174,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Glen Daniel Weinstein sold 1,995 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $106.04, for a total transaction of $211,549.80. The disclosure for this sale can be found here. Insiders sold 93,897 shares of company stock valued at $11,580,646 over the last quarter. Company insiders own 3.01% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Psagot Investment House Ltd. Lowers Stake in iRobot Co. (IRBT)” was published by Finance Daily and is the sole property of of Finance Daily. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.fidaily.com/2019/05/09/psagot-investment-house-ltd-sells-350-shares-of-irobot-co-irbt.html.

About iRobot

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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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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Save $250 on a refurbished Ecovacs Deebot 901 robot vacuum

You are able to control the Deebot 901 via the Ecovacs app or by using voice commands with Alexa and Google Assistant. You can monitor progress …

Robot vacuums reduce the effort it takes to clean your floors, but they can sometimes cost a small fortune. We’ll let you in on a little secret: Shopping refurbished can get you a high-quality vacuum without costing you an arm and a leg.

Now until May 14, you can grab the Ecovacs Deebot 901 robot vacuum on sale for $249.99 in the PCMag Shop, a savings of 50%.

This vacuum is smart: It can scan and map your space to give you customizable cleaning choices. It also follows an optimized back-and-forth path rather than a random one, which saves time and ensures thoroughness across different floor types.

You are able to control the Deebot 901 via the Ecovacs app or by using voice commands with Alexa and Google Assistant. You can monitor progress in the app as it cleans. After the vacuum is done running its route it automatically returns to its dock to recharge.

A refurbished Ecovacs Deebot 901 sells for $325 at Amazon, so you’ll be saving $75 by shopping the PCMag Shop where it’s $249.99 (which is $250 cheaper than buying new, BTW).

Editor’s note: Mashable and PCMag are both owned by Ziff Davis.

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