iRobot Corporation (IRBT) Short Interest Update

iRobot Corporation (NASDAQ:IRBT) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 7,369,307 shares, an increase of 26.7% from the October 13th total of 5,814,977 shares. Based on an average daily trading volume, of 1,934,316 shares, the short-interest ratio is currently 3.8 days. Approximately 27.7% of the company’s shares are short sold.

Shares of iRobot Corporation (IRBT) opened at $70.09 on Tuesday. The company has a market capitalization of $1,917.77, a PE ratio of 36.60, a P/E/G ratio of 1.87 and a beta of 1.00. iRobot Corporation has a twelve month low of $51.80 and a twelve month high of $109.78.

iRobot Corporation (NASDAQ:IRBT) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.44 by $0.16. The business had revenue of $205.40 million for the quarter, compared to the consensus estimate of $204.52 million. iRobot Corporation had a return on equity of 12.79% and a net margin of 7.80%. The company’s revenue was up 21.8% on a year-over-year basis. During the same period last year, the business posted $0.70 EPS. analysts expect that iRobot Corporation will post 1.84 EPS for the current year.

Several equities analysts have recently weighed in on the company. BidaskClub raised iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies lifted their price objective on iRobot Corporation to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Canaccord Genuity lifted their price objective on iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered iRobot Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Sidoti raised iRobot Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. iRobot Corporation currently has an average rating of “Hold” and a consensus price target of $65.67.

In other news, EVP Glen Daniel Weinstein sold 728 shares of iRobot Corporation stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total value of $72,800.00. Following the transaction, the executive vice president now directly owns 68,355 shares of the company’s stock, valued at approximately $6,835,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alison Dean sold 33,809 shares of iRobot Corporation stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total value of $3,380,900.00. Following the completion of the transaction, the chief financial officer now directly owns 82,609 shares in the company, valued at $8,260,900. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,537 shares of company stock worth $4,380,800. 4.49% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Creative Planning increased its holdings in iRobot Corporation by 14.0% during the 2nd quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 162 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in iRobot Corporation by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 665 shares during the last quarter. FNY Partners Fund LP purchased a new stake in iRobot Corporation during the 2nd quarter worth approximately $143,000. NEXT Financial Group Inc increased its holdings in iRobot Corporation by 6.2% during the 2nd quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 110 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in iRobot Corporation by 16.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 277 shares during the last quarter. Institutional investors own 79.93% 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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