Arizona State Retirement System Has $462,000 Stake in iRobot Co. (NASDAQ:IRBT)

Arizona State Retirement System decreased its position in iRobot Co. (NASDAQ:IRBT – Get Rating) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,287 shares of the industrial products company’s stock after selling 263 shares during the quarter. Arizona State Retirement System’s holdings in iRobot were worth $462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC acquired a new position in shares of iRobot in the fourth quarter valued at approximately $34,000. Gladius Capital Management LP acquired a new stake in iRobot during the first quarter worth approximately $116,000. Allspring Global Investments Holdings LLC acquired a new stake in iRobot during the fourth quarter worth approximately $215,000. Requisite Capital Management LLC acquired a new stake in iRobot during the fourth quarter worth approximately $231,000. Finally, Mutual of America Capital Management LLC grew its position in iRobot by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 3,885 shares of the industrial products company’s stock worth $246,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Insider Activity

In other news, CEO Colin M. Angle sold 23,350 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $46.30, for a total value of $1,081,105.00. Following the completion of the transaction, the chief executive officer now directly owns 319,322 shares in the company, valued at approximately $14,784,608.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IRBT has been the topic of a number of analyst reports. JPMorgan Chase & Co. downgraded iRobot from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $65.00 to $45.00 in a research report on Friday, May 6th. StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a research report on Friday, May 13th. Finally, Citigroup cut their target price on iRobot from $70.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, July 14th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, iRobot currently has an average rating of “Hold” and an average price target of $58.33.

iRobot Price Performance

NASDAQ IRBT opened at $49.99 on Thursday. The business has a fifty day moving average price of $42.30 and a two-hundred day moving average price of $52.57. iRobot Co. has a fifty-two week low of $35.41 and a fifty-two week high of $98.86. The stock has a market capitalization of $1.36 billion, a PE ratio of -151.48, a PEG ratio of 2.62 and a beta of 1.43.

iRobot (NASDAQ:IRBT – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The industrial products company reported ($0.87) EPS for the quarter, beating analysts’ consensus estimates of ($1.55) by $0.68. iRobot had a negative return on equity of 1.45% and a negative net margin of 0.48%. The company had revenue of $291.97 million during the quarter, compared to analysts’ expectations of $302.46 million. During the same period in the prior year, the company earned $0.23 EPS. iRobot’s revenue was down 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that iRobot Co. will post 0.71 earnings per share for the current year.

iRobot Company Profile

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iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.

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