Ownership Action to Note: Irobot Corp (NASDAQ:IRBT) Stock Price Up as Sentiment Increases

Sentiment for Irobot Corp (NASDAQ:IRBT)

Irobot Corp (NASDAQ:IRBT) institutional sentiment increased to 1.12 in Q2 2016. Its up 0.45, from 0.67 in 2016Q1. The ratio improved, as 86 investment professionals started new and increased positions, while 77 sold and trimmed holdings in Irobot Corp. The investment professionals in our partner’s database now hold: 20.54 million shares, down from 25.28 million shares in 2016Q1. Also, the number of investment professionals holding Irobot Corp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 15 Reduced: 62 Increased: 45 New Position: 41.

iRobot Corporation is engaged in designing and building robots. The company has a market cap of $1.15 billion. The Company’s portfolio of solutions focus on technologies for the connected home and concepts in navigation, mobility, mapping and artificial intelligence. It has a 31.05 P/E ratio. The Firm operates through consumer robots segment.

The stock increased 0.23% or $0.1 during the last trading session, hitting $42.93. iRobot Corporation (NASDAQ:IRBT) has risen 34.70% since March 10, 2016 and is uptrending. It has outperformed by 27.18% the S&P500.

Analysts await iRobot Corporation (NASDAQ:IRBT) to report earnings on October, 25 after the close. They expect $0.42 earnings per share, 0.00% or $0.00 from last year’s $0.42 per share. IRBT’s profit will be $11.25 million for 25.55 P/E if the $0.42 EPS becomes a reality. After $0.17 actual earnings per share reported by iRobot Corporation for the previous quarter, Wall Street now forecasts 147.06% EPS growth.

According to Zacks Investment Research, “iRobot Corp. designs robots that perform dull, dirty or dangerous missions in a better way. The company’s proprietary technology, iRobot AWARE, Robot Intelligence Systems, incorporates advanced concepts in navigation, mobility, manipulation and artificial intelligence. This proprietary system enables iRobot to build behavior-based robots, including its family of consumer and military robots.”

Red Mountain Capital Partners Llc holds 9.82% of its portfolio in iRobot Corporation for 1.03 million shares. Mirador Capital Partners Lp owns 44,688 shares or 1.71% of their US portfolio. Moreover, Tributary Capital Management Llc has 0.83% invested in the company for 162,611 shares. The Illinois-based Columbia Wanger Asset Management Llc has invested 0.63% in the stock. Connors Investor Services Inc, a Pennsylvania-based fund reported 72,981 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 13 selling transactions for $7.84 million net activity.

iRobot Corporation (NASDAQ:IRBT) Ratings Coverage

Ratings analysis reveals 25% of IRobot Corporation’s analysts are positive. Out of 4 Wall Street analysts rating IRobot Corporation, 1 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $28 while the high is $45. The stock’s average target of $36.67 is -14.58% below today’s ($42.93) share price. IRBT was included in 7 notes of analysts from September 18, 2015. JP Morgan upgraded iRobot Corporation (NASDAQ:IRBT) on Wednesday, January 6 to “Neutral” rating. JP Morgan downgraded the stock to “Underweight” rating in Friday, March 18 report. The rating was maintained by JP Morgan on Wednesday, April 27 with “Underweight”. Piper Jaffray downgraded iRobot Corporation (NASDAQ:IRBT) rating on Monday, January 4. Piper Jaffray has “Neutral” rating and $35 price target. JMP Securities maintained it with “Market Outperform” rating and $45 target price in Tuesday, October 13 report. As per Friday, September 18, the company rating was downgraded by Raymond James.

IRBT Company Profile

iRobot Corporation, incorporated on December 20, 2000, is engaged in designing and building robots. The Company’s portfolio of solutions focus on technologies for the connected home and concepts in navigation, mobility, mapping and artificial intelligence. The Firm operates through consumer robots segment. It creates robots for the consumer, telemedicine and mobile video collaboration markets. The Company’s brands include iRobot, Roomba, Scooba, Mint, ViPR, NorthStar, Create, iAdapt, Aware, Home Base, Looj, Braava, AeroForce, uPoint, AeroVac, Mirra and Virtual Wall.

More notable recent iRobot Corporation (NASDAQ:IRBT) news were published by: Fool.com which released: “Why iRobot Corporation Stock Plunged Today” on February 11, 2016, also Fool.com with their article: “Why iRobot Corporation is (Still) Resisting Red Mountain” published on April 15, 2016, Fool.com published: “iRobot Corporation Just Won Its Battle With Red Mountain” on May 26, 2016. More interesting news about iRobot Corporation (NASDAQ:IRBT) were released by: Prnewswire.com and their article: “iRobot Names PTC’s Andrew Miller to Board of Directors” published on September 14, 2016 as well as Fool.com‘s news article titled: “Why iRobot Corporation Stock Popped Today” with publication date: April 27, 2016.

By Nellie Frank

Tags: (NASDAQ:IRBT), IRBT, iRobot Corporation

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