Fmr LLC reduced its holdings in iRobot Corporation (NASDAQ:IRBT) by 22.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 442,627 shares of the industrial products company’s stock after selling 128,400 shares during the quarter. Fmr LLC owned 1.61% of iRobot Corporation worth $37,243,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of IRBT. BlackRock Inc. increased its position in shares of iRobot Corporation by 124,694.7% during the 1st quarter. BlackRock Inc. now owns 3,303,315 shares of the industrial products company’s stock valued at $218,483,000 after purchasing an additional 3,300,668 shares during the period. Vanguard Group Inc. increased its position in shares of iRobot Corporation by 27.4% during the 1st quarter. Vanguard Group Inc. now owns 2,964,760 shares of the industrial products company’s stock valued at $196,089,000 after purchasing an additional 637,890 shares during the period. Old Mutual Global Investors UK Ltd. increased its position in shares of iRobot Corporation by 363.7% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 446,594 shares of the industrial products company’s stock valued at $37,576,000 after purchasing an additional 350,292 shares during the period. Wellington Management Group LLP increased its position in shares of iRobot Corporation by 204.0% during the 1st quarter. Wellington Management Group LLP now owns 426,986 shares of the industrial products company’s stock valued at $28,241,000 after purchasing an additional 286,510 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of iRobot Corporation during the 1st quarter valued at $16,158,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded iRobot Corporation from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday. SprucePoint Capital reiterated a “sell” rating on shares of iRobot Corporation in a research report on Thursday, September 14th. BidaskClub cut iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Canaccord Genuity lifted their price target on iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies lifted their price target on iRobot Corporation to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. iRobot Corporation currently has a consensus rating of “Hold” and a consensus target price of $69.13.
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In other iRobot Corporation news, CFO Alison Dean sold 17,646 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $90.00, for a total transaction of $1,588,140.00. Following the completion of the sale, the chief financial officer now owns 82,080 shares in the company, valued at approximately $7,387,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Glen Daniel Weinstein sold 11,375 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $105.02, for a total transaction of $1,194,602.50. Following the sale, the executive vice president now owns 80,458 shares of the company’s stock, valued at approximately $8,449,699.16. The disclosure for this sale can be found here. Insiders have sold a total of 89,769 shares of company stock valued at $8,878,529 in the last quarter. Corporate insiders own 4.49% of the company’s stock.
Shares of iRobot Corporation (NASDAQ:IRBT) opened at 75.90 on Friday. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 37.22 and a beta of 1.18. iRobot Corporation has a 1-year low of $42.51 and a 1-year high of $109.78. The stock’s 50 day moving average price is $82.38 and its 200 day moving average price is $87.71.
iRobot Corporation (NASDAQ:IRBT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, beating the consensus estimate of ($0.28) by $0.55. The company had revenue of $183.14 million during the quarter, compared to analysts’ expectations of $174.65 million. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The business’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. Analysts expect that iRobot Corporation will post $1.57 EPS for the current year.
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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