Private Advisor Group LLC reduced its position in shares of iRobot Corporation (NASDAQ:IRBT) by 35.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,637 shares of the industrial products company’s stock after selling 1,977 shares during the period. Private Advisor Group LLC’s holdings in iRobot were worth $281,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of iRobot by 13.6% during the second quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock worth $315,648,000 after buying an additional 448,157 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in shares of iRobot by 363.7% during 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 buying an additional 350,292 shares in the last quarter. State Street Corp increased its holdings in shares of iRobot by 46.1% during the second quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock worth $78,353,000 after buying an additional 293,988 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of iRobot by 9.3% during the second quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock worth $272,776,000 after buying an additional 277,161 shares in the last quarter. Finally, Baillie Gifford & Co. increased its holdings in shares of iRobot by 12.9% during the second quarter. Baillie Gifford & Co. now owns 746,771 shares of the industrial products company’s stock worth $62,834,000 after buying an additional 85,124 shares in the last quarter. Institutional investors and hedge funds own 82.25% of the company’s stock.
IRBT has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of iRobot from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Sidoti upgraded shares of iRobot from a “neutral” rating to a “buy” rating in a report on Friday, October 27th. Piper Jaffray Companies lowered their price target on shares of iRobot to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 25th. Canaccord Genuity reiterated a “hold” rating and set a $65.00 price target (down from $95.00) on shares of iRobot in a report on Thursday, October 26th. Finally, SprucePoint Capital reiterated a “sell” rating on shares of iRobot in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $70.75.
Shares of iRobot Corporation (IRBT) opened at $74.03 on Thursday. The firm has a market capitalization of $2,050.00, a price-to-earnings ratio of 35.29, a P/E/G ratio of 1.79 and a beta of 0.99. iRobot Corporation has a 1-year low of $52.12 and a 1-year high of $109.78.
iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.16. The business had revenue of $205.40 million during the quarter, compared to the consensus estimate of $204.52 million. iRobot had a return on equity of 12.79% and a net margin of 7.80%. iRobot’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. equities research analysts forecast that iRobot Corporation will post 1.85 EPS for the current fiscal year.
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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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