Citigroup Initiates Coverage on IRobot Corporation (NDAQ:IRBT). What May be Next?

Doris Richards
December 7, 2017

Therefore 100% are positive. CU Bancorp had 13 analyst reports since October 28, 2015 according to SRatingsIntel. Finally, Canaccord Genuity restated a "buy" rating and issued a $90.00 target price on shares of iRobot in a research note on Wednesday, April 26th.

Mirador Capital Partners Lp increased Claymore Exchange Trd Fd Tr (BSJM) stake by 15,515 shares to 47,461 valued at $1.20 million in 2017Q2. As per Friday, January 27, the company rating was maintained by Hovde Group. JP Morgan has "Underweight" rating and $30 target. The company was downgraded on Friday, March 18 by JP Morgan. As per Thursday, September 29, the company rating was maintained by Howard Weil. JMP Securities reinitiated Hercules Capital, Inc. Tracking most recent quarter period, Price to book (P/B) ration is at 4.17 and Price to cash per share ration is at 6.84. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock.

Bulls and Bears: iRobot Corporation, (NASDAQ: IRBT), Hasbro, Inc., (NASDAQ: HAS), TerraForm Global, Inc ... It has outperformed by 134.23% the S&P500.

Prelude Limited Liability reported 0% of its portfolio in iRobot Corporation (NASDAQ:IRBT). During the same quarter in the previous year, the business posted $0.70 EPS. research analysts forecast that iRobot will post 1.85 earnings per share for the current year. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.16. Ashford Management stated it has 3,970 shares. Advanced Drain Sys Inc Del (NYSE:WMS) was raised too.

Among 12 analysts covering IRobot Corporation (NASDAQ:IRBT), 4 have Buy rating, 2 Sell and 6 Hold. Therefore 31% are positive. IRobot Corporation had 3 analyst reports since May 31, 2017 according to SRatingsIntel. The rating was initiated by Dougherty & Company on Thursday, November 17 with "Buy". The company was maintained on Wednesday, August 9 by Canaccord Genuity. The stock has "Neutral" rating by Sidoti on Monday, November 14. The company was downgraded on Monday, November 14 by Needham. The company presently has an average rating of "Hold" and an average target price of $70.75. Keefe Bruyette & Woods maintained CU Bancorp (NASDAQ:CUNB) on Friday, September 22 with "Buy" rating. The firm has "Market Perform" rating by Raymond James given on Friday, September 18. RBC Capital Markets has "Sector Perform" rating and $36 target.


Investors might also notice that three month ago the Buy recommendations (4) outnumbered Sell recommendations (1). State of Tennessee Treasury Department owned approximately 0.09% of iRobot worth $1,847,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Parallax Volatility Advisers Limited Partnership owns 9,731 shares. Barclays Public Limited Com reported 50,315 shares. Swiss Commercial Bank invested in 45,400 shares. Alexandria Cap, a Virginia-based fund reported 200 shares. Hanseatic Mgmt holds 11,921 shares or 0.51% of its portfolio. Prudential Inc owns 0.01% invested in iRobot Corporation (NASDAQ:IRBT) for 49,145 shares. Jane Street Group Ltd Com holds 0.01% or 21,699 shares. Meeder Asset has 771 shares.

Citigroup analyst began coverage with a "Neutral" rating on iRobot (NASDAQ:IRBT) today and set a price target of $74. Voloridge Management Limited Liability Corp stated it has 0.02% of its portfolio in iRobot Corporation (NASDAQ:IRBT). Teachers Advisors LLC now owns 46,735 shares of the industrial products company's stock valued at $3,091,000 after purchasing an additional 2,502 shares in the last quarter. Driehaus Cap Mgmt reported 5,835 shares. The Texas-based Texas Permanent School Fund has invested 0.02% in iRobot Corporation (NASDAQ:IRBT). The company has market cap of $136.57 million. Riverhead Capital Mgmt Ltd Limited Liability Company holds 1,665 shares or 0.01% of its portfolio. It has a 32.21 P/E ratio.

Investors sentiment decreased to 0.79 in 2017 Q2. Its up 0.38, from 1.19 in 2017Q1. About 2.13M shares traded. 26 funds opened positions while 54 raised stakes. Finally, Municipal Employees Retirement System of MI lifted its holdings in shares of iRobot by 4.9% in the second quarter. 786,878 were reported by Cornerstone Mgmt Holding Lc.

Shares of iRobot Co. The stock decreased 1.01% or $0.08 during the last trading session, reaching $7.83. Citigroup invested in 18,994 shares or 0% of the stock. Morgan Stanley owns 315,024 shares. Alliancebernstein L P accumulated 976,227 shares. Best Buy Co., Inc. Zweig, Alabama-based fund reported 4,900 shares. Piedmont Inv Advisors Limited Liability Corp holds 5,928 shares. The stock decreased 0.80% or $0.53 during the last trading session, reaching $65.46. MFS Special Value Trust (NYSE:MFV) has risen 14.42% since December 4, 2016 and is uptrending.

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