Modera Wealth Management LLC purchased a new position in iRobot Corporation (NASDAQ:IRBT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,000 shares of the industrial products company’s stock, valued at approximately $252,000.
Several other institutional investors have also recently made changes to their positions in IRBT. BlackRock Inc. lifted its holdings in shares of iRobot Corporation by 124,694.7% in the first quarter. BlackRock Inc. now owns 3,303,315 shares of the industrial products company’s stock worth $218,483,000 after buying an additional 3,300,668 shares in the last quarter. Vanguard Group Inc. increased its position in shares of iRobot Corporation by 27.4% in the first quarter. Vanguard Group Inc. now owns 2,964,760 shares of the industrial products company’s stock worth $196,089,000 after purchasing an additional 637,890 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its position in shares of iRobot Corporation by 363.7% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 446,594 shares of the industrial products company’s stock worth $37,576,000 after purchasing an additional 350,292 shares during the last quarter. Wellington Management Group LLP increased its position in shares of iRobot Corporation by 204.0% in the first quarter. Wellington Management Group LLP now owns 426,986 shares of the industrial products company’s stock worth $28,241,000 after purchasing an additional 286,510 shares during the last quarter. Finally, Rothschild Asset Management Inc. bought a new position in shares of iRobot Corporation in the first quarter worth approximately $16,374,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.
iRobot Corporation (NASDAQ IRBT) opened at 76.14 on Friday. The company has a market capitalization of $2.11 billion, a PE ratio of 37.34 and a beta of 1.18. The firm’s 50-day moving average is $96.07 and its 200-day moving average is $85.36. iRobot Corporation has a 12 month low of $41.60 and a 12 month high of $109.78.
iRobot Corporation (NASDAQ:IRBT) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.55. The firm had revenue of $183.14 million for the quarter, compared to the consensus estimate of $174.65 million. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. Equities analysts anticipate that iRobot Corporation will post $1.58 EPS for the current fiscal year.
In other iRobot Corporation news, EVP Glen Daniel Weinstein sold 728 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total value of $72,800.00. Following the transaction, the executive vice president now owns 68,355 shares of the company’s stock, valued at approximately $6,835,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald Chwang sold 3,243 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $106.32, for a total value of $344,795.76. Following the completion of the transaction, the director now directly owns 22,630 shares in the company, valued at approximately $2,406,021.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,675 shares of company stock worth $10,315,539. Corporate insiders own 4.49% of the company’s stock.
Several research firms recently weighed in on IRBT. BidaskClub upgraded shares of iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 31st. Canaccord Genuity upped their price objective on shares of iRobot Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, July 27th. Piper Jaffray Companies upped their price objective on shares of iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, SprucePoint Capital restated a “sell” rating on shares of iRobot Corporation in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $73.63.
iRobot Corporation Profile
iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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