Metropolitan Life Insurance Co. NY bought a new position in shares of iRobot (NASDAQ:IRBT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,414 shares of the industrial products company’s stock, valued at approximately $645,000.
Several other large investors also recently bought and sold shares of IRBT. Public Employees Retirement Association of Colorado purchased a new stake in shares of iRobot during the fourth quarter worth $152,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of iRobot in the fourth quarter worth $226,000. Flagship Harbor Advisors LLC bought a new position in shares of iRobot in the fourth quarter worth $236,000. Kovack Advisors Inc. bought a new position in shares of iRobot in the fourth quarter worth $246,000. Finally, Two Sigma Securities LLC bought a new position in shares of iRobot in the fourth quarter worth $350,000. Hedge funds and other institutional investors own 89.36% of the company’s stock.
IRBT has been the topic of several research analyst reports. BidaskClub cut shares of iRobot from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 29th. Northland Securities initiated coverage on shares of iRobot in a report on Friday, February 16th. They issued an “outperform” rating on the stock. JPMorgan Chase raised shares of iRobot from an “underweight” rating to a “neutral” rating and set a $61.00 price target on the stock in a report on Friday, February 9th. Sidoti raised shares of iRobot from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. Finally, Zacks Investment Research cut shares of iRobot from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. iRobot currently has an average rating of “Hold” and an average price target of $68.80.
iRobot stock opened at $66.42 on Monday. The firm has a market capitalization of $1,856.11, a PE ratio of 37.53, a PEG ratio of 1.96 and a beta of 1.11. iRobot has a fifty-two week low of $55.77 and a fifty-two week high of $109.78.
iRobot (NASDAQ:IRBT) last released its earnings results on Wednesday, February 7th. The industrial products company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.29. The business had revenue of $327.00 million for the quarter, compared to analysts’ expectations of $319.02 million. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The firm’s revenue was up 53.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. research analysts expect that iRobot will post 2.26 EPS for the current year.
iRobot declared that its board has approved a share buyback plan on Tuesday, February 27th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
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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 stair.
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