Irobot Corporation (NASDAQ:IRBT)’s Trend Unknown, Especially After Increased Shorts

iRobot Corporation (NASDAQ:IRBT) Logo

Investors sentiment decreased to 1.14 in Q2 2019. Its down 0.25, from 1.39 in 2019Q1. It turned negative, as 43 investors sold iRobot Corporation shares while 50 reduced holdings. 24 funds opened positions while 82 raised stakes. 28.04 million shares or 1.69% less from 28.52 million shares in 2019Q1 were reported.
Jpmorgan Chase & reported 9,975 shares or 0% of all its holdings. Grp Incorporated One Trading Limited Partnership holds 2,675 shares or 0% of its portfolio. Eqis Management Inc reported 7,802 shares. Moreover, Sei Invests has 0.02% invested in iRobot Corporation (NASDAQ:IRBT). Atria Investments Ltd Limited Liability Company holds 2.2% of its portfolio in iRobot Corporation (NASDAQ:IRBT) for 161,416 shares. Great West Life Assurance Can accumulated 0.01% or 37,062 shares. Citadel Advsr Limited Company holds 0.01% of its portfolio in iRobot Corporation (NASDAQ:IRBT) for 203,230 shares. Scout Invs holds 0.12% or 68,517 shares. Profund Advsrs Limited Company has invested 0.01% in iRobot Corporation (NASDAQ:IRBT). Advsr Asset Management Inc accumulated 13,419 shares or 0.02% of the stock. Manufacturers Life Insurance The invested in 0% or 17,024 shares. Advisory Inc holds 27,220 shares. Service Automobile Association holds 0% or 4,266 shares in its portfolio. Guggenheim Limited Company owns 3,501 shares for 0% of their portfolio. Deutsche State Bank Ag has invested 0.02% in iRobot Corporation (NASDAQ:IRBT).

Since April 4, 2019, it had 0 insider buys, and 2 selling transactions for $3.17 million activity.

The stock of Irobot Corporation (NASDAQ:IRBT) registered an increase of 0.43% in short interest. IRBT’s total short interest was 8.49 million shares in September as published by FINRA. Its up 0.43% from 8.46 million shares, reported previously. With 780,000 shares average volume, it will take short sellers 11 days to cover their IRBT’s short positions. The short interest to Irobot Corporation’s float is 31.52%.

The stock decreased 2.91% or $1.91 during the last trading session, reaching $63.75. About 744,216 shares traded. iRobot Corporation (NASDAQ:IRBT) has declined 5.03% since September 13, 2018 and is downtrending. It has underperformed by 5.03% the S&P500.

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. The company has market cap of $1.79 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 21.12 P/E ratio.

iRobot Corporation (NASDAQ:IRBT) Ratings Coverage

Among 3 analysts covering iRobot (NASDAQ:IRBT), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. iRobot has $96 highest and $7500 lowest target. $84.67’s average target is 32.82% above currents $63.75 stock price. iRobot had 4 analyst reports since March 19, 2019 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, March 26 by Piper Jaffray. The firm earned “Hold” rating on Thursday, July 25 by Canaccord Genuity. The rating was upgraded by Sidoti on Thursday, August 29 to “Buy”.

More notable recent iRobot Corporation (NASDAQ:IRBT) news were published by: Nasdaq.com which released: “Why You Should Buy the Dip In iRobot Stock – Nasdaq” on May 06, 2019, also Nasdaq.com with their article: “Is iRobot (IRBT) Stock Outpacing Its Industrial Products Peers This Year? – Nasdaq” published on March 11, 2019, Fool.com published: “iRobot’s Terra Mower Is Coming to a Lawn Near You in 2020 – The Motley Fool” on September 05, 2019. More interesting news about iRobot Corporation (NASDAQ:IRBT) were released by: Fool.com and their article: “3 High-Growth Stocks That Are Just Getting Started – The Motley Fool” published on August 17, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here is What Hedge Funds Think About iRobot Corporation (IRBT) – Yahoo Finance” with publication date: June 23, 2019.

iRobot Corporation (NASDAQ:IRBT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.