Irobot Corp (NASDAQ:IRBT) 2017 Q3 Sentiment

January 18, 2018 - By Adrian Mccoy

 Irobot Corp (NASDAQ:IRBT)  2017 Q3 Sentiment

Sentiment for Irobot Corp (NASDAQ:IRBT)

Irobot Corp (NASDAQ:IRBT) institutional sentiment increased to 1.07 in 2017 Q3. Its up 0.02, from 1.05 in 2017Q2. The ratio is more positive, as 108 hedge funds started new and increased positions, while 101 sold and decreased their positions in Irobot Corp. The hedge funds in our partner’s database now own: 22.26 million shares, down from 22.32 million shares in 2017Q2. Also, the number of hedge funds holding Irobot Corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 34 Reduced: 67 Increased: 69 New Position: 39.

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. The company has market cap of $2.46 billion. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair; and Looj Gutter Cleaning Robot. It has a 41.89 P/E ratio.

The stock increased 2.80% or $2.4 during the last trading session, reaching $88.09. About 855,305 shares traded. iRobot Corporation (NASDAQ:IRBT) has risen 150.93% since January 18, 2017 and is uptrending. It has outperformed by 134.23% the S&P500.

Analysts await iRobot Corporation (NASDAQ:IRBT) to report earnings on February, 14. They expect $0.24 EPS, down 51.02 % or $0.25 from last year’s $0.49 per share. IRBT’s profit will be $6.69 million for 91.76 P/E if the $0.24 EPS becomes a reality. After $0.60 actual EPS reported by iRobot Corporation for the previous quarter, Wall Street now forecasts -60.00 % negative EPS growth.

Armistice Capital Llc holds 1.2% of its portfolio in iRobot Corporation for 132,000 shares. Vident Investment Advisory Llc owns 233,444 shares or 0.97% of their US portfolio. Moreover, Disciplined Growth Investors Inc Mn has 0.59% invested in the company for 365,806 shares. The South Carolina-based Canal Insurance Co has invested 0.58% in the stock. Bogle Investment Management L P De, a Massachusetts-based fund reported 99,656 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 5 selling transactions for $5.47 million activity.

iRobot Corporation (NASDAQ:IRBT) Ratings Coverage

Ratings analysis reveals 31% of IRobot Corporation’s analysts are positive. Out of 13 Wall Street analysts rating IRobot Corporation, 4 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $28 while the high is $9500. The stock’s average target of $61.56 is -30.12% below today’s ($88.09) share price. IRBT was included in 27 notes of analysts from September 18, 2015. The stock of iRobot Corporation (NASDAQ:IRBT) has “Market Perform” rating given on Friday, September 18 by Raymond James. The stock of iRobot Corporation (NASDAQ:IRBT) earned “Hold” rating by Dougherty on Thursday, October 26. Sidoti upgraded iRobot Corporation (NASDAQ:IRBT) rating on Friday, October 27. Sidoti has “Buy” rating and $90.0 target. The rating was maintained by Canaccord Genuity on Wednesday, August 9 with “Hold”. The stock of iRobot Corporation (NASDAQ:IRBT) earned “Hold” rating by Canaccord Genuity on Wednesday, May 31. The company was initiated on Thursday, November 17 by Dougherty & Company. Needham maintained iRobot Corporation (NASDAQ:IRBT) rating on Thursday, October 27. Needham has “Buy” rating and $52 target. On Tuesday, January 2 the stock rating was maintained by Piper Jaffray with “Hold”. Needham downgraded the stock to “Hold” rating in Monday, November 14 report. Benchmark maintained the stock with “Buy” rating in Monday, October 17 report.

More notable recent iRobot Corporation (NASDAQ:IRBT) news were published by: Fool.com which released: “Could iRobot Corporation Be a Millionaire-Maker Stock?” on January 02, 2018, also Fool.com with their article: “iRobot Wipes the Floor With Another Competitor” published on December 20, 2017, Fool.com published: “Is iRobot About to Take Shorts to the Cleaners?” on January 04, 2018. More interesting news about iRobot Corporation (NASDAQ:IRBT) were released by: Nasdaq.com and their article: “iRobot Corp (IRBT) Poised to Grow on Solid Growth Drivers” published on January 03, 2018 as well as Fool.com‘s news article titled: “Why iRobot Corporation Stock Climbed 11.8% in December” with publication date: December 31, 2017.

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