Traders Purchase Large Volume of iRobot Put Options (IRBT)

iRobot Co. (NASDAQ:IRBT) was the recipient of some unusual options trading on Thursday. Investors acquired 7,357 put options on the stock. This represents an increase of approximately 1,211% compared to the average daily volume of 561 put options.

A number of analysts have commented on the company. Sidoti downgraded iRobot from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. BidaskClub upgraded iRobot from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 18th. Zacks Investment Research upgraded iRobot from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, October 17th. Piper Jaffray Companies reduced their price objective on iRobot to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Finally, Citigroup assumed coverage on iRobot in a research report on Monday, December 4th. They issued a “neutral” rating and a $74.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $68.80.

In other iRobot news, Director Andrew Miller sold 441 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total value of $35,328.51. Following the completion of the sale, the director now owns 4,670 shares in the company, valued at approximately $374,113.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Colin M. Angle sold 45,200 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $80.06, for a total value of $3,618,712.00. Following the completion of the sale, the chief executive officer now owns 534,663 shares of the company’s stock, valued at approximately $42,805,119.78. The disclosure for this sale can be found here. 4.49% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of IRBT. Teachers Advisors LLC lifted its position in shares of iRobot by 3.4% during the 2nd quarter. Teachers Advisors LLC now owns 48,311 shares of the industrial products company’s stock worth $4,065,000 after buying an additional 1,576 shares during the period. Amalgamated Bank lifted its position in shares of iRobot by 4.0% during the 2nd quarter. Amalgamated Bank now owns 3,693 shares of the industrial products company’s stock worth $311,000 after buying an additional 141 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of iRobot by 4.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 13,399 shares of the industrial products company’s stock worth $1,127,000 after buying an additional 542 shares during the period. Northern Trust Corp lifted its position in shares of iRobot by 0.7% during the 2nd quarter. Northern Trust Corp now owns 356,320 shares of the industrial products company’s stock worth $29,981,000 after buying an additional 2,409 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of iRobot by 9.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock worth $272,776,000 after buying an additional 277,161 shares during the period. Institutional investors and hedge funds own 81.30% of the company’s stock.

iRobot (NASDAQ:IRBT) opened at $57.90 on Friday. The company has a market capitalization of $1,550.00, a P/E ratio of 32.53, a P/E/G ratio of 1.08 and a beta of 0.94. iRobot has a 52-week low of $52.12 and a 52-week high of $109.78.

iRobot (NASDAQ:IRBT) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.29. The business had revenue of $327.00 million during the quarter, compared to the consensus estimate of $319.02 million. iRobot had a return on equity of 12.62% and a net margin of 5.77%. iRobot’s revenue was up 53.9% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. equities analysts forecast that iRobot will post 2.77 earnings per share for the current year.

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iRobot Company Profile

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

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