Traders Purchase Large Volume of iRobot Call Options (NASDAQ:IRBT)

iRobot Co. (NASDAQ:IRBT) saw some unusual options trading activity on Monday. Investors purchased 13,328 call options on the stock. This is an increase of 512% compared to the typical daily volume of 2,178 call options.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research note on Thursday, November 7th. StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th.

iRobot Stock Down 3.8 %

Shares of NASDAQ IRBT opened at $12.22 on Wednesday. iRobot has a 1 year low of $5.83 and a 1 year high of $38.36. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94. The firm has a market cap of $373.43 million, a PE ratio of -2.66 and a beta of 0.80. The company has a 50 day simple moving average of $8.08 and a 200 day simple moving average of $8.40.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. The company had revenue of $193.40 million for the quarter, compared to analysts’ expectations of $218.41 million. During the same quarter in the previous year, the firm posted ($3.09) earnings per share. iRobot’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, research analysts forecast that iRobot will post -5.74 EPS for the current year.

Hedge Funds Weigh In On iRobot

Institutional investors have recently made changes to their positions in the stock. State Street Corp increased its position in iRobot by 1.2% in the 3rd quarter. State Street Corp now owns 1,164,040 shares of the industrial products company’s stock valued at $10,116,000 after buying an additional 14,075 shares in the last quarter. Federated Hermes Inc. grew its stake in iRobot by 2.8% in the second quarter. Federated Hermes Inc. now owns 796,923 shares of the industrial products company’s stock valued at $7,260,000 after acquiring an additional 21,982 shares during the period. Geode Capital Management LLC increased its holdings in shares of iRobot by 2.9% during the third quarter. Geode Capital Management LLC now owns 676,472 shares of the industrial products company’s stock valued at $5,880,000 after acquiring an additional 19,233 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iRobot by 2,712.4% during the third quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock worth $3,480,000 after purchasing an additional 386,189 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of iRobot by 185.4% in the 2nd quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock worth $1,789,000 after purchasing an additional 127,602 shares in the last quarter. Institutional investors and hedge funds own 77.42% of the company’s stock.

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.