iRobot Co. (NASDAQ:IRBT) Short Interest Down 12.8% in March

iRobot Co. (NASDAQ:IRBT) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 8,230,000 shares, a decrease of 12.8% from the March 15th total of 9,440,000 shares. Based on an average daily trading volume, of 3,130,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 30.4% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on IRBT shares. StockNews.com upgraded shares of iRobot from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Citigroup lowered their target price on shares of iRobot from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, March 4th.

Insiders Place Their Bets

In related news, Director Colin M. Angle sold 179,503 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $11.46, for a total transaction of $2,057,104.38. Following the completion of the transaction, the director now owns 14,797 shares in the company, valued at $169,573.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On iRobot

Several large investors have recently bought and sold shares of the stock. Coppell Advisory Solutions LLC acquired a new stake in shares of iRobot during the second quarter worth about $26,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of iRobot during the fourth quarter worth about $28,000. Money Concepts Capital Corp boosted its stake in shares of iRobot by 3,472.2% during the fourth quarter. Money Concepts Capital Corp now owns 643 shares of the industrial products company’s stock worth $31,000 after buying an additional 625 shares during the period. Allworth Financial LP boosted its stake in shares of iRobot by 522.0% during the fourth quarter. Allworth Financial LP now owns 678 shares of the industrial products company’s stock worth $26,000 after buying an additional 569 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of iRobot during the second quarter worth about $32,000. Institutional investors and hedge funds own 77.42% of the company’s stock.

iRobot Stock Performance

NASDAQ IRBT opened at $7.58 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.62 and a quick ratio of 1.09. iRobot has a 1 year low of $7.41 and a 1 year high of $51.49. The company has a market capitalization of $215.43 million, a PE ratio of -0.69 and a beta of 0.91. The company has a fifty day moving average of $10.32 and a two-hundred day moving average of $24.79.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Monday, February 26th. The industrial products company reported ($2.18) earnings per share (EPS) for the quarter. iRobot had a negative net margin of 34.22% and a negative return on equity of 84.78%. The company had revenue of $307.54 million during the quarter. As a group, analysts expect that iRobot will post -4.95 earnings per share for the current year.

iRobot Company Profile

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.