iRobot was Downgraded to a Hold Rating at Canaccord Genuity

By Austin Angelo

In a report released today, Robert Burleson from Canaccord Genuity downgraded iRobot (NASDAQ: IRBT) to Hold. The company’s shares closed yesterday at $99.82, close to its 52-week high of $99.98.

According to TipRanks.com, Burleson is a 5-star analyst with an average return of 11.2% and a 54.4% success rate. Burleson covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Integrated Device Tech, and Mitel Networks Corp.

iRobot has an analyst consensus of Hold.

The company has a one year high of $99.98 and a one year low of $33.90. Currently, iRobot has an average volume of 586.8K.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Andrea Geisser, a Director at IRBT sold 3,000 shares for a total of $254,310.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

iRobot Corp. engages in the business of designing and building robots. It develops proprietary technology incorporating advanced concepts in navigation, mobility, manipulation and artificial intelligence to build robots. The company operates through two segments: Home Robots and Defense & Security Robots. The Home Robots segment includes mobile robots that are used in the maintenance of domestic households. The Defense & Security Robots segment includes robots that are used for reconnaissance and bomb disposal missions. iRobot Corp. was founded by Rodney A. Brooks, Colin M. Angle, and Helen Greiner in August 1990 and is headquartered in Bedford, MA.