Russell Investments Group Ltd. raised its position in shares of iRobot Co. (NASDAQ:IRBT) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,235 shares of the industrial products company’s stock after buying an additional 764 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of iRobot worth $1,854,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC lifted its stake in shares of iRobot by 3.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,048 shares of the industrial products company’s stock worth $1,012,000 after acquiring an additional 357 shares during the last quarter. Gagnon Securities LLC raised its position in iRobot by 177.8% during the 1st quarter. Gagnon Securities LLC now owns 113,289 shares of the industrial products company’s stock valued at $13,333,000 after purchasing an additional 72,507 shares in the last quarter. Scout Investments Inc. raised its position in iRobot by 65.2% during the 2nd quarter. Scout Investments Inc. now owns 68,517 shares of the industrial products company’s stock valued at $6,279,000 after purchasing an additional 27,034 shares in the last quarter. Advisor Group Inc. raised its position in iRobot by 66.5% during the 2nd quarter. Advisor Group Inc. now owns 2,856 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in iRobot by 135.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 31,618 shares of the industrial products company’s stock valued at $2,897,000 after purchasing an additional 18,216 shares in the last quarter.
A number of research analysts have recently issued reports on IRBT shares. Piper Jaffray Companies cut their price target on iRobot from $96.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Zacks Investment Research downgraded iRobot from a “hold” rating to a “sell” rating and set a $95.00 price target on the stock. in a report on Wednesday, June 26th. BidaskClub downgraded iRobot from a “hold” rating to a “sell” rating in a report on Wednesday. Northland Securities reiterated a “buy” rating and issued a $105.00 price target on shares of iRobot in a report on Thursday, July 25th. Finally, Citigroup set a $95.00 price target on iRobot and gave the company a “hold” rating in a report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $94.36.
IRBT stock traded down $0.27 on Friday, hitting $61.11. 5,138 shares of the company’s stock were exchanged, compared to its average volume of 774,467. iRobot Co. has a 12-month low of $58.90 and a 12-month high of $132.88. The firm has a 50 day moving average price of $64.77 and a two-hundred day moving average price of $93.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.90 and a current ratio of 3.15. The stock has a market cap of $1.72 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.55 and a beta of 1.61.
iRobot (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.22. iRobot had a return on equity of 16.06% and a net margin of 7.57%. The firm had revenue of $260.17 million for the quarter, compared to the consensus estimate of $267.96 million. During the same period in the previous year, the business earned $0.37 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. Sell-side analysts expect that iRobot Co. will post 2.73 earnings per share for the current fiscal year.
In other iRobot news, Director Mohamad Ali sold 780 shares of iRobot stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $61.11, for a total transaction of $47,665.80. Following the completion of the sale, the director now owns 12,634 shares of the company’s stock, valued at approximately $772,063.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.01% of the company’s stock.
iRobot Company Profile
iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.
Further Reading: What is a back-end load?
Receive News & Ratings for iRobot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot and related companies with MarketBeat.com's FREE daily email newsletter.