Is iRobot (NASDAQ:IRBT) Finally Worth Your Time? What Does Citigroup Think?

Gotham Asset Mgmt Ltd reported 17,852 shares stake. Columbia Wanger Asset Management LLC now owns 1,378,409 shares of the industrial products company's stock valued at $91,168,000 after buying an additional 131,030 shares during the last quarter. The correct version of this article can be accessed at

The stock increased 1.70% or $1.095 during the last trading session, reaching $65.675. Shares of iRobot Corporation (IRBT) are trading -37.49% downward from the 52-week high mark and 31.66% above from the fifty two-week low mark. It has outperformed by 134.23% the S&P500.

Hawaiian Holdings, Inc. (HA) opened the session with a $41.25 price tag, later ranging from $41 to $43.4, the range at which the stock has traded at throughout the day. (NYSE:BBY) is a huge mover today! Polaris Capital Mngmt Limited Liability Co stated it has 0.1% of its portfolio in Hercules Capital, Inc. MFS Special Value Trust (NYSE:MFV) has risen 14.42% since December 4, 2016 and is uptrending. The company was initiated on Wednesday, January 18 by Piper Jaffray. Finally, Citigroup initiated coverage on shares of iRobot in a research report on Monday.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, October 24th. IRBT's profit will be $8.36 million for 53.82 P/E if the $0.30 EPS becomes a reality. The industrial products company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.16. RBC Capital Markets maintained Hercules Capital, Inc. Advisory Network Lc owns 4,005 shares. Kulicke & Soffa Inds Inc (NASDAQ:KLIC) was raised too.

Investors sentiment decreased to 1.05 in 2017 Q2.

In an overview of the current analyst recommendations, Buy count is 4 and Overweight is 0 while the number of analysts recommending Sell and Underweight are 1 and 1, respectively. It worsened, as 36 investors sold IRBT shares while 70 reduced holdings.

Other hedge funds also recently added to or reduced their stakes in the company. Washington-based Parametric Portfolio Associates Lc has invested 0.01% in iRobot Corporation (NASDAQ:IRBT). The number of shares now owned by investors are 27.72 mln. Disciplined Growth Investors Inc Mn, a Minnesota-based fund reported 383,531 shares. Amp Cap Investors Limited holds 0.01% or 10,300 shares. Voloridge Management Limited Liability Corp stated it has 0.02% of its portfolio in iRobot Corporation (NASDAQ:IRBT). 150 were accumulated by Benjamin F Edwards.

Guggenheim Capital Llc increased Central Secs Corp (NYSEMKT:CET) stake by 27,944 shares to 46,068 valued at $1.15M in 2017Q2. Teachers Retirement Systems Of The State Of Kentucky holds 9,700 shares. Municipal Employees Retirement System of MI now owns 6,480 shares of the industrial products company's stock valued at $545,000 after purchasing an additional 300 shares in the last quarter. Wfg Advsr Lp stated it has 350 shares or 0.01% of all its holdings. American Grp reported 19,941 shares. Ameritas Prtnrs invested 0.01% in iRobot Corporation (NASDAQ:IRBT). Wellington Mngmt Grp Limited Liability Partnership reported 252,958 shares. The industrial products company reported $0.52 EPS for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.26.

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. Therefore 33% are positive. IRobot Corporation had 25 analyst reports since September 18, 2015 according to SRatingsIntel. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. iRobot now has a consensus rating of "Hold" and a consensus target price of $70.75. On Friday, March 18 the stock rating was downgraded by JP Morgan to "Underweight". Citigroup began coverage on shares of iRobot in a research note on Monday.

The stock of iRobot Corporation (NASDAQ:IRBT) has "Market Perform" rating given on Friday, September 18 by Raymond James. Ahl Prtn Llp stated it has 0.03% in iRobot Corporation (NASDAQ:IRBT). Canaccord Genuity downgraded the shares of IRBT in report on Wednesday, May 31 to "Hold" rating. DA Davidson downgraded it to "Neutral" rating and $43 target in Friday, April 7 report. The firm has "Buy" rating by Benchmark given on Monday, November 14. The firm has "Hold" rating by Dougherty given on Thursday, October 26.

CU Bancorp operates as a bank holding firm for California United Bank that provides banking services and products. The company has market cap of $1.79 billion. The firm operates through two reportable divisions, Domestic and worldwide. It has a 22.31 P/E ratio. The Company sells various products that are designed for use at home. The count of Hold ratings in that period was 5. Therefore 57% are positive. Dougherty & Co reaffirmed a "neutral" rating on shares of iRobot in a report on Thursday, October 26th. The firm has "Hold" rating by Needham given on Monday, November 14. The stock has "Neutral" rating by Sidoti on Monday, November 14. The rating was maintained by JMP Securities with "Market Outperform" on Tuesday, October 13. The company was upgraded on Thursday, November 17 by Bank of America.

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