iRobot (NASDAQ:IRBT) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• iRobot's stock price has recently surpassed its 200-day moving average of $3.29, reaching a high of $3.66 before settling at $3.49 with significant trading volume.
• Analysts are mostly maintaining a "Hold" rating for iRobot, with recent upgrades from firms like Wall Street Zen indicating cautious optimism about the company's potential.
• Institutional investors hold a substantial majority (77.42%) of iRobot's stock, with significant increases in stakes from firms such as Goldman Sachs and Deutsche Bank in the most recent quarter.

iRobot Corporation (NASDAQ:IRBT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.29 and traded as high as $3.66. iRobot shares last traded at $3.49, with a volume of 1,087,471 shares.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of iRobot in a report on Thursday, August 14th. Wall Street Zen upgraded shares of iRobot from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

iRobot Price Performance

The stock's 50 day moving average price is $3.81 and its 200-day moving average price is $3.29. The company has a quick ratio of 0.34, a current ratio of 0.54 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $109.47 million, a PE ratio of -0.56 and a beta of 0.90.

iRobot (NASDAQ:IRBT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.91) by $0.64. iRobot had a negative return on equity of 296.63% and a negative net margin of 32.55%.The company had revenue of $127.60 million for the quarter, compared to analysts' expectations of $125.00 million. As a group, equities analysts forecast that iRobot Corporation will post -5.74 EPS for the current year.

Institutional Investors Weigh In On iRobot

A number of institutional investors have recently added to or reduced their stakes in IRBT. Goldman Sachs Group Inc. raised its holdings in iRobot by 26.0% in the first quarter. Goldman Sachs Group Inc. now owns 520,039 shares of the industrial products company's stock worth $1,404,000 after purchasing an additional 107,257 shares in the last quarter. Deutsche Bank AG grew its position in shares of iRobot by 333.3% in the 1st quarter. Deutsche Bank AG now owns 305,679 shares of the industrial products company's stock worth $825,000 after buying an additional 235,133 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of iRobot by 317.2% during the 1st quarter. Private Advisor Group LLC now owns 462,880 shares of the industrial products company's stock worth $1,250,000 after acquiring an additional 351,925 shares in the last quarter. Graham Capital Management L.P. lifted its position in iRobot by 162.6% during the first quarter. Graham Capital Management L.P. now owns 296,205 shares of the industrial products company's stock valued at $800,000 after acquiring an additional 183,401 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in iRobot in the fourth quarter valued at approximately $832,000. Institutional investors own 77.42% of the company's stock.

About iRobot

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.

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