Ameriprise Financial Inc. raised its position in shares of iRobot Corp. (NASDAQ:IRBT) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 167,476 shares of the company’s stock after buying an additional 1,784 shares during the period. Ameriprise Financial Inc. owned about 0.61% of iRobot Corp. worth $5,875,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in IRBT. Twin Capital Management Inc. acquired a new position in shares of iRobot Corp. during the second quarter worth $1,414,000. Oxford Asset Management acquired a new position in shares of iRobot Corp. during the second quarter worth $1,059,000. Janney Montgomery Scott LLC acquired a new position in shares of iRobot Corp. during the second quarter worth $399,000. GSA Capital Partners LLP boosted its position in shares of iRobot Corp. by 27.0% in the second quarter. GSA Capital Partners LLP now owns 14,477 shares of the company’s stock worth $508,000 after buying an additional 3,077 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of iRobot Corp. by 13.1% in the second quarter. California Public Employees Retirement System now owns 63,000 shares of the company’s stock worth $2,210,000 after buying an additional 7,300 shares during the period. 77.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of iRobot Corp. (NASDAQ:IRBT) traded down 0.02% during mid-day trading on Wednesday, hitting $42.82. 16,164 shares of the company were exchanged. iRobot Corp. has a 12-month low of $28.02 and a 12-month high of $45.01. The stock has a market cap of $1.16 billion, a PE ratio of 30.81 and a beta of 1.60. The stock’s 50-day moving average price is $41.49 and its 200 day moving average price is $38.12.
iRobot Corp. (NASDAQ:IRBT) last issued its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. The firm earned $148.70 million during the quarter, compared to analysts’ expectations of $148.10 million. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. iRobot Corp.’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $0.24 earnings per share. On average, equities analysts anticipate that iRobot Corp. will post $1.32 EPS for the current fiscal year.
A number of brokerages have weighed in on IRBT. Needham & Company LLC reaffirmed a “buy” rating and set a $46.00 price target (up from $42.00) on shares of iRobot Corp. in a research report on Friday, September 16th. Canaccord Genuity reaffirmed a “buy” rating and set a $45.00 price target on shares of iRobot Corp. in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.00.
In other iRobot Corp. news, EVP Glen Daniel Weinstein sold 1,000 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the transaction, the executive vice president now directly owns 70,481 shares in the company, valued at $2,819,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Russell J. Campanello sold 800 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $40.00, for a total value of $32,000.00. Following the transaction, the executive vice president now owns 68,420 shares of the company’s stock, valued at $2,736,800. The disclosure for this sale can be found here. 5.53% of the stock is owned by corporate insiders.
About iRobot Corp.
iRobot Corporation is engaged in designing and building robots. The Company’s portfolio of solutions focus on technologies for the connected home and concepts in navigation, mobility, mapping and artificial intelligence. The Company operates through consumer robots segment. It designs robots for the consumer, telemedicine and mobile video collaboration markets.
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