How Many iRobot Corporation (NASDAQ:IRBT)’s Analysts Are Bearish?

July 13, 2018 - By Richard Doty

iRobot Corporation (NASDAQ:IRBT) LogoInvestors sentiment increased to 1.12 in Q1 2018. Its up 0.08, from 1.04 in 2017Q4. It improved, as 30 investors sold iRobot Corporation shares while 60 reduced holdings. 38 funds opened positions while 63 raised stakes. 22.40 million shares or 5.35% less from 23.67 million shares in 2017Q4 were reported.
Moreover, Texas Permanent School Fund has 0.02% invested in iRobot Corporation (NASDAQ:IRBT) for 18,500 shares. 56,825 are held by Scout Investments. Engineers Gate Manager L P reported 0.02% in iRobot Corporation (NASDAQ:IRBT). Bancshares Of Ny Mellon invested in 0.01% or 410,510 shares. Northern Trust Corporation has invested 0.01% of its portfolio in iRobot Corporation (NASDAQ:IRBT). Goldman Sachs Grp has invested 0% of its portfolio in iRobot Corporation (NASDAQ:IRBT). Teachers Retirement Systems Of The State Of Kentucky, a Kentucky-based fund reported 9,093 shares. Eaton Vance accumulated 0% or 3,314 shares. Eqis Mgmt invested in 14,976 shares. Jpmorgan Chase & invested in 0% or 27,109 shares. X Mgmt Limited Liability Company stated it has 488,978 shares or 0.62% of all its holdings. Schwab Charles Mngmt owns 167,270 shares for 0.01% of their portfolio. Susquehanna International Group Llp accumulated 0% or 204,301 shares. Mason Street Limited Co invested 0.01% in iRobot Corporation (NASDAQ:IRBT). Next Fincl Gru invested in 3,488 shares or 0.05% of the stock.

Since June 12, 2018, it had 0 insider buys, and 3 sales for $2.90 million activity. Another trade for 11,950 shares valued at $896,250 was sold by CAMPANELLO RUSSELL J.

iRobot Corporation (NASDAQ:IRBT) Ratings Coverage

Among 7 analysts covering iRobot (NASDAQ:IRBT), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. iRobot had 11 analyst reports since January 30, 2018 according to SRatingsIntel. The rating was upgraded by JP Morgan to “Neutral” on Friday, February 9. On Tuesday, July 10 the stock rating was downgraded by Raymond James to “Market Perform”. Raymond James upgraded iRobot Corporation (NASDAQ:IRBT) on Friday, February 9 to “Buy” rating. The firm has “Buy” rating by Sidoti given on Friday, February 9. The rating was downgraded by Sidoti on Tuesday, January 30 to “Hold”. The firm has “Buy” rating given on Tuesday, June 12 by Piper Jaffray. J.P. Morgan upgraded iRobot Corporation (NASDAQ:IRBT) on Friday, February 9 to “Hold” rating. Canaccord Genuity maintained iRobot Corporation (NASDAQ:IRBT) rating on Wednesday, April 25. Canaccord Genuity has “Hold” rating and $6300 target. Canaccord Genuity maintained the stock with “Hold” rating in Friday, February 9 report. JP Morgan maintained iRobot Corporation (NASDAQ:IRBT) rating on Thursday, April 26. JP Morgan has “Neutral” rating and $62 target. Below is a list of iRobot Corporation (NASDAQ:IRBT) latest ratings and price target changes.

10/07/2018 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Downgrade
12/06/2018 Broker: Piper Jaffray Rating: Buy New Target: $78.0000 Maintain
26/04/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $61 New Target: $62 Maintain
25/04/2018 Broker: Canaccord Genuity Rating: Hold New Target: $63.0000 Maintain
19/04/2018 Broker: PiperJaffray Old Rating: Neutral New Rating: Overweight Upgrade
09/02/2018 Broker: Canaccord Genuity Rating: Hold New Target: $65.0 Maintain
09/02/2018 Broker: Sidoti Old Rating: Neutral New Rating: Buy Upgrade
09/02/2018 Broker: Raymond James Rating: Buy Upgrade
09/02/2018 Broker: J.P. Morgan Rating: Hold Upgrade
09/02/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Neutral Upgrade

The stock decreased 0.53% or $0.43 during the last trading session, reaching $80.69. About 242,829 shares traded. iRobot Corporation (NASDAQ:IRBT) has declined 33.81% since July 13, 2017 and is downtrending. It has underperformed by 46.38% the S&P500.

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. The company has market cap of $2.24 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 42.4 P/E ratio.

More notable recent iRobot Corporation (NASDAQ:IRBT) news were published by: Benzinga.com which released: “Raymond James: iRobot Shares Reflect A More Balanced Risk-Reward Trade-Off” on July 10, 2018, also Benzinga.com with their article: “Tuesday Is An Analyst Ratings Bonanza” published on July 10, 2018, Streetinsider.com published: “Pre-Open Movers 07/10: (OCX) (VVUS) (XLRN) Higher; (ISR) (AQXP) (IRBT) Lower (more…)” on July 10, 2018. More interesting news about iRobot Corporation (NASDAQ:IRBT) were released by: Nasdaq.com and their article: “About to Buy Bitcoin? Look at These 3 Companies First” published on July 03, 2018 as well as Nasdaq.com‘s news article titled: “How Braava Will Be iRobot’s Next Big Catalyst” with publication date: June 21, 2018.

iRobot Corporation (NASDAQ:IRBT) Institutional Positions Chart

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