iRobot (IRBT) Reaches $93.18 After 7.00% Down Move; Shorts at Flex Limited Ord (FLEX) Lowered By 19.28%

September 13, 2017 - By Stephen Andrade

The stock of iRobot Corporation (NASDAQ:IRBT) is a huge mover today! About 879,315 shares traded or 49.12% up from the average. iRobot Corporation (NASDAQ:IRBT) has risen 150.93% since September 13, 2016 and is uptrending. It has outperformed by 134.23% the S&P500.The move comes after 7 months negative chart setup for the $2.58 billion company. It was reported on Sep, 13 by Barchart.com. We have $86.66 PT which if reached, will make NASDAQ:IRBT worth $180.60 million less.

Flex Limited Ord (NASDAQ:FLEX) had a decrease of 19.28% in short interest. FLEX’s SI was 9.33 million shares in September as released by FINRA. Its down 19.28% from 11.56 million shares previously. With 4.32M avg volume, 2 days are for Flex Limited Ord (NASDAQ:FLEX)’s short sellers to cover FLEX’s short positions. The SI to Flex Limited Ord’s float is 1.88%. About 710,194 shares traded. Flex Ltd (NASDAQ:FLEX) has risen 35.11% since September 13, 2016 and is uptrending. It has outperformed by 18.41% the S&P500.

Since April 3, 2017, it had 0 insider purchases, and 5 insider sales for $2.69 million activity. 9,485 shares were sold by Angle Colin M, worth $624,993. Dean Alison sold $491,101 worth of stock. Shares for $254,325 were sold by GEISSER ANDREA. Another trade for 10,462 shares valued at $1.03M was made by Weinstein Glen Daniel on Tuesday, May 30. CHWANG RONALD sold $285,926 worth of stock or 3,397 shares.

Among 11 analysts covering IRobot Corporation (NASDAQ:IRBT), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. IRobot Corporation has $9500 highest and $28 lowest target. $62.38’s average target is -33.05% below currents $93.18 stock price. IRobot Corporation had 18 analyst reports since September 18, 2015 according to SRatingsIntel. The company was initiated on Thursday, November 17 by Dougherty & Company. The stock of iRobot Corporation (NASDAQ:IRBT) has “Neutral” rating given on Monday, November 14 by Sidoti. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, August 9. The rating was maintained by JMP Securities with “Market Outperform” on Tuesday, October 13. JP Morgan upgraded iRobot Corporation (NASDAQ:IRBT) on Wednesday, January 6 to “Neutral” rating. The rating was downgraded by Raymond James on Friday, September 18 to “Market Perform”. The firm earned “Underweight” rating on Friday, March 18 by JP Morgan. The stock has “Hold” rating by Needham on Monday, November 14. The stock of iRobot Corporation (NASDAQ:IRBT) has “Hold” rating given on Wednesday, May 31 by Canaccord Genuity. Piper Jaffray downgraded the shares of IRBT in report on Monday, January 4 to “Neutral” rating.

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The company has market cap of $2.58 billion. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. It has a 45.55 P/E ratio. The Firm sells various products that are designed for use at home.

Investors sentiment decreased to 1.05 in Q4 2016. Its down 0.30, from 1.35 in 2016Q3. It dropped, as 20 investors sold iRobot Corporation shares while 62 reduced holdings. 48 funds opened positions while 57 raised stakes. 21.79 million shares or 1.80% more from 21.40 million shares in 2016Q3 were reported. Amalgamated Commercial Bank holds 3,561 shares. Citigroup reported 0% of its portfolio in iRobot Corporation (NASDAQ:IRBT). Glenmede Communications Na reported 500 shares. Susquehanna Limited Liability Partnership holds 0% or 17,130 shares. Ny State Common Retirement Fund invested 0% in iRobot Corporation (NASDAQ:IRBT). Qs Investors Ltd Liability Com owns 28,971 shares for 0.01% of their portfolio. Personal Capital Corp has 205,437 shares for 0.36% of their portfolio. Glob X Company Ltd Llc holds 0% of its portfolio in iRobot Corporation (NASDAQ:IRBT) for 1,358 shares. Cibc Ww holds 3,719 shares. Blackrock Fund reported 2.14M shares. Arizona State Retirement Sys invested in 0.01% or 13,967 shares. Kcg reported 9,405 shares or 0.01% of all its holdings. Princeton Alpha Mgmt Limited Partnership holds 6,046 shares or 0.07% of its portfolio. Federated Investors Pa invested in 12,838 shares or 0% of the stock. Alliancebernstein Lp invested 0% in iRobot Corporation (NASDAQ:IRBT).

Since May 5, 2017, it had 0 insider buys, and 15 insider sales for $7.22 million activity. $784,888 worth of Flex Ltd (NASDAQ:FLEX) shares were sold by MCNAMARA MICHAEL M. Humphries Paul sold $733,513 worth of stock or 43,750 shares. WATKINS WILLIAM D also sold $453,177 worth of Flex Ltd (NASDAQ:FLEX) on Friday, May 5. Shares for $420,577 were sold by Barbier Francois on Tuesday, June 13. Collier Christopher also sold $250,722 worth of Flex Ltd (NASDAQ:FLEX) on Thursday, June 15. Bennett David P also sold $93,960 worth of Flex Ltd (NASDAQ:FLEX) shares.

Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The company has market cap of $8.86 billion. The Firm designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers . It has a 26.6 P/E ratio. The Company’s divisions include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC).

Investors sentiment increased to 1.19 in Q4 2016. Its up 0.43, from 0.76 in 2016Q3. It increased, as 33 investors sold Flex Ltd shares while 120 reduced holdings. 41 funds opened positions while 89 raised stakes. 484.15 million shares or 12.61% more from 429.95 million shares in 2016Q3 were reported. Moreover, Citadel Advsrs Limited Liability Company has 0% invested in Flex Ltd (NASDAQ:FLEX) for 17,463 shares. 333,784 are owned by Meritage Portfolio Mgmt. Daiwa Grp Incorporated invested in 13,200 shares or 0% of the stock. The Colorado-based Janus Capital Mgmt Llc has invested 0.34% in Flex Ltd (NASDAQ:FLEX). Commerzbank Aktiengesellschaft Fi reported 0% in Flex Ltd (NASDAQ:FLEX). Research Global Invsts holds 53.84M shares. Balyasny Asset Management Ltd Co owns 501,807 shares. Hillsdale Incorporated owns 1,400 shares or 0% of their US portfolio. Raymond James Svcs Advisors Incorporated reported 31,071 shares. Stephens Inc Ar owns 82,600 shares for 0.05% of their portfolio. Baystate Wealth Management Limited Liability invested 0% in Flex Ltd (NASDAQ:FLEX). Westpac Corp holds 0% or 57,317 shares. Moreover, Fulton Savings Bank Na has 0.02% invested in Flex Ltd (NASDAQ:FLEX) for 12,637 shares. Credit Suisse Ag holds 700,691 shares. Moreover, Grt Prtn Limited Liability Corporation has 0.2% invested in Flex Ltd (NASDAQ:FLEX) for 48,937 shares.

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