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


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iRobot Co. (NASDAQ:IRBT) was the target of unusually large options trading on Tuesday. Stock traders acquired 10,947 call options on the stock. This represents an increase of 160% compared to the average daily volume of 4,210 call options.

IRBT has been the subject of a number of research reports. Northland Securities lifted their target price on iRobot from $120.00 to $140.00 in a report on Friday, February 12th. Zacks Investment Research cut iRobot from a “strong-buy” rating to a “hold” rating and set a $119.00 price target for the company. in a research report on Tuesday, April 13th. Citigroup upped their target price on iRobot from $95.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, February 12th. Raymond James cut iRobot from an “outperform” rating to a “market perform” rating in a report on Monday, January 25th. Finally, JPMorgan Chase & Co. upgraded iRobot from a “neutral” rating to an “overweight” rating and upped their target price for the company from $101.00 to $166.00 in a report on Thursday, February 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. iRobot currently has an average rating of “Hold” and a consensus price target of $111.00.

In other iRobot news, EVP Glen Daniel Weinstein sold 1,373 shares of iRobot stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $125.00, for a total value of $171,625.00. Following the transaction, the executive vice president now owns 57,233 shares in the company, valued at $7,154,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Elisha W. Finney sold 480 shares of iRobot stock in a transaction dated Friday, March 12th. The shares were sold at an average price of $120.00, for a total value of $57,600.00. Following the completion of the transaction, the director now owns 7,796 shares in the company, valued at approximately $935,520. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,539 shares of company stock valued at $1,541,466. Corporate insiders own 2.91% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Optimum Investment Advisors acquired a new stake in iRobot in the 1st quarter valued at about $37,000. CWM LLC increased its holdings in shares of iRobot by 82.4% in the 1st quarter. CWM LLC now owns 332 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 150 shares during the last quarter. Hudock Inc. increased its holdings in shares of iRobot by 5,146.2% in the 4th quarter. Hudock Inc. now owns 682 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 669 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of iRobot by 211.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 529 shares during the last quarter. Finally, Bedel Financial Consulting Inc. purchased a new position in shares of iRobot in the 1st quarter valued at about $98,000. 99.40% of the stock is currently owned by institutional investors.

IRBT traded down $13.56 during mid-day trading on Tuesday, hitting $90.40. 38,673 shares of the stock were exchanged, compared to its average volume of 932,017. The firm’s fifty day moving average is $116.43 and its two-hundred day moving average is $100.63. iRobot has a 1-year low of $57.75 and a 1-year high of $197.40. The company has a market cap of $2.57 billion, a PE ratio of 17.11, a PEG ratio of 3.15 and a beta of 1.48.

iRobot (NASDAQ:IRBT) last posted its earnings results on Monday, May 3rd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.32. The firm had revenue of $303.26 million for the quarter, compared to analyst estimates of $268.04 million. iRobot had a return on equity of 13.69% and a net margin of 11.72%. iRobot’s revenue was up 57.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) EPS. Sell-side analysts anticipate that iRobot will post 2.71 EPS for the current year.

iRobot Company Profile

iRobot Corporation designs, builds, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Root robots to help children learn how to code. The company sells its products through distributor and retail sales channels, as well as through online stores and resellers.

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