iRobot Corporation Target of Unusually High Options Trading (IRBT)

iRobot Corporation (NASDAQ:IRBT) was the recipient of unusually large options trading activity on Friday. Investors acquired 221 put options on the stock. This is an increase of approximately 453% compared to the typical volume of 40 put options.

IRBT has been the subject of several recent analyst reports. BidaskClub cut shares of iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot Corporation in a research report on Saturday, April 22nd. Zacks Investment Research cut shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Canaccord Genuity reiterated a “buy” rating and set a $90.00 price target on shares of iRobot Corporation in a research report on Wednesday, April 26th. Finally, Dougherty & Co cut shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $73.63.

Shares of iRobot Corporation (NASDAQ:IRBT) traded up 1.91% on Friday, reaching $107.25. 1,139,127 shares of the company were exchanged. iRobot Corporation has a 1-year low of $37.57 and a 1-year high of $109.40. The stock has a market capitalization of $2.95 billion, a PE ratio of 52.60 and a beta of 1.13. The company has a 50-day moving average price of $92.11 and a 200 day moving average price of $75.45.

iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.55. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The firm had revenue of $183.14 million during the quarter, compared to analyst estimates of $174.65 million. During the same period last year, the company posted $0.17 EPS. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, analysts forecast that iRobot Corporation will post $1.92 EPS for the current fiscal year.

In other iRobot Corporation news, CFO Alison Dean sold 17,646 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $90.00, for a total transaction of $1,588,140.00. Following the transaction, the chief financial officer now directly owns 82,080 shares of the company’s stock, valued at $7,387,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Andrea Geisser sold 3,000 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $84.78, for a total transaction of $254,340.00. Following the transaction, the director now directly owns 46,266 shares in the company, valued at $3,922,431.48. The disclosure for this sale can be found here. Insiders sold a total of 143,793 shares of company stock valued at $13,933,376 in the last ninety days. Corporate insiders own 4.49% of the company’s stock.

Several large investors have recently made changes to their positions in IRBT. State of Alaska Department of Revenue raised its stake in shares of iRobot Corporation by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,010 shares of the industrial products company’s stock valued at $199,000 after buying an additional 70 shares in the last quarter. Capital One National Association raised its stake in shares of iRobot Corporation by 1.0% in the first quarter. Capital One National Association now owns 7,188 shares of the industrial products company’s stock valued at $475,000 after buying an additional 74 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of iRobot Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the industrial products company’s stock valued at $942,000 after buying an additional 100 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of iRobot Corporation by 6.2% in the second quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock valued at $159,000 after buying an additional 110 shares in the last quarter. Finally, United Capital Financial Advisers LLC raised its stake in iRobot Corporation by 1.1% in the first quarter. United Capital Financial Advisers LLC now owns 11,745 shares of the industrial products company’s stock valued at $777,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

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iRobot Corporation Company Profile

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

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