Traders Buy Large Volume of iRobot Put Options (NASDAQ:IRBT)

iRobot Co. (NASDAQ:IRBTGet Rating) was the target of some unusual options trading activity on Monday. Stock investors bought 3,363 put options on the company. This is an increase of approximately 316% compared to the average volume of 809 put options.

iRobot Trading Up 1.5 %

Shares of IRBT opened at $46.59 on Tuesday. The stock has a market capitalization of $1.27 billion, a P/E ratio of -5.42 and a beta of 1.20. The firm’s fifty day simple moving average is $49.46 and its two-hundred day simple moving average is $52.52. iRobot has a 12 month low of $35.41 and a 12 month high of $73.77.

iRobot (NASDAQ:IRBTGet Rating) last released its quarterly earnings data on Tuesday, November 8th. The industrial products company reported ($2.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($3.24). The company had revenue of $278.19 million for the quarter, compared to the consensus estimate of $439.15 million. iRobot had a negative return on equity of 19.73% and a negative net margin of 18.24%. As a group, research analysts predict that iRobot will post -3.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of iRobot in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $63.67.

Hedge Funds Weigh In On iRobot

Institutional investors and hedge funds have recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new position in shares of iRobot during the 2nd quarter worth about $27,000. US Bancorp DE raised its holdings in shares of iRobot by 16.7% in the 2nd quarter. US Bancorp DE now owns 1,805 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 258 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of iRobot in the 3rd quarter worth about $67,000. Point72 Hong Kong Ltd raised its holdings in shares of iRobot by 124.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,052 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Sageworth Trust Co acquired a new stake in shares of iRobot in the 2nd quarter worth about $79,000. Institutional investors own 84.03% of the company’s stock.

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.

Further Reading

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