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

iRobot Co. (NASDAQ:IRBTGet Rating) was the target of unusually large options trading activity on Friday. Stock traders purchased 4,993 call options on the stock. This is an increase of 233% compared to the typical volume of 1,498 call options.

Analyst Ratings Changes

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

Insider Transactions at iRobot

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

Institutional Trading of iRobot

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC purchased a new stake in shares of iRobot in the fourth quarter valued at about $34,000. Banque Cantonale Vaudoise purchased a new stake in shares of iRobot in the second quarter valued at about $27,000. US Bancorp DE lifted its holdings in shares of iRobot by 16.7% in the second quarter. US Bancorp DE now owns 1,805 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 258 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of iRobot in the first quarter valued at about $116,000. Finally, Sageworth Trust Co purchased a new stake in shares of iRobot in the second quarter valued at about $79,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

iRobot Trading Up 19.1 %

IRBT stock opened at $59.54 on Friday. The company has a market cap of $1.61 billion, a P/E ratio of -180.42, a P/E/G ratio of 2.82 and a beta of 1.43. iRobot has a 52 week low of $35.41 and a 52 week high of $98.86. The company’s 50-day moving average price is $42.61 and its 200 day moving average price is $52.41.

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

iRobot Company Profile

(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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