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Shares of iRobot (NASDAQ:IRBT) were the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 8,385,255 shares, a decrease of 12.5% from the July 15th total of 9,579,623 shares, reports. Approximately 29.6% of the shares of the company are short sold. Based on an average trading volume of 984,270 shares, the short-interest ratio is presently 8.5 days.

In other iRobot news, EVP Glen Daniel Weinstein sold 1,500 shares of iRobot stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $32.53, for a total value of $48,795.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of iRobot in a research note on Thursday, July 17th. They now have a $36.50 price target on the stock, up previously from $33.00. Analysts at Spruce Point Management initiated coverage on shares of iRobot in a research note on Tuesday, May 20th. They set a “strong sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $42.90.

iRobot (NASDAQ:IRBT) opened at 34.14 on Wednesday. iRobot has a 1-year low of $28.90 and a 1-year high of $48.36. The stock’s 50-day moving average is $36.6 and its 200-day moving average is $37.76. The company has a market cap of $1.009 billion and a P/E ratio of 41.92.

iRobot (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 22nd. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.06. The company had revenue of $139.80 million for the quarter, compared to the consensus estimate of $142.51 million. During the same quarter last year, the company posted $0.28 earnings per share. iRobot’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that iRobot will post $1.15 earnings per share for the current fiscal year.

iRobot Corporation develops and manufactures robotic solutions to real-world problems. The Company provides robotic technology and supplies developers with an industry standard platform to create robotic applications.

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