Investors Purchase High Volume of iRobot Put Options (NASDAQ:IRBT)

iRobot Co. (NASDAQ:IRBT - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders acquired 10,706 put options on the stock. This represents an increase of 65% compared to the typical daily volume of 6,487 put options.

Institutional Investors Weigh In On iRobot

Several institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. raised its holdings in shares of iRobot by 41.8% in the fourth quarter. Federated Hermes Inc. now owns 1,003,473 shares of the industrial products company's stock valued at $7,777,000 after purchasing an additional 295,997 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in iRobot by 16.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 840,874 shares of the industrial products company's stock valued at $6,517,000 after purchasing an additional 120,234 shares in the last quarter. Geode Capital Management LLC increased its stake in iRobot by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 701,173 shares of the industrial products company's stock valued at $5,435,000 after buying an additional 24,701 shares during the last quarter. Two Sigma Investments LP lifted its position in iRobot by 32.4% during the 4th quarter. Two Sigma Investments LP now owns 655,881 shares of the industrial products company's stock worth $5,083,000 after buying an additional 160,343 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of iRobot by 17.3% during the 4th quarter. Two Sigma Advisers LP now owns 578,100 shares of the industrial products company's stock worth $4,480,000 after buying an additional 85,200 shares during the last quarter. Institutional investors own 77.42% of the company's stock.

iRobot Stock Down 0.7%

Shares of IRBT stock traded down $0.03 during trading hours on Wednesday, hitting $3.69. 1,871,792 shares of the company were exchanged, compared to its average volume of 1,697,378. iRobot has a 52 week low of $1.76 and a 52 week high of $13.45. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average of $2.62 and a two-hundred day moving average of $5.74. The company has a market capitalization of $114.87 million, a PE ratio of -0.79 and a beta of 0.83.

Analysts Set New Price Targets

Several equities research analysts have issued reports on IRBT shares. Needham & Company LLC restated a "hold" rating on shares of iRobot in a report on Thursday, March 13th. Wall Street Zen lowered iRobot from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th.

iRobot Company Profile

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.