iRobot Co. (NASDAQ:IRBT) Holdings Raised by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its stake in shares of iRobot Co. (NASDAQ:IRBTGet Rating) by 13.2% in the 1st quarter, HoldingsChannel reports. The firm owned 57,520 shares of the industrial products company’s stock after acquiring an additional 6,695 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iRobot were worth $3,646,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of iRobot by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 662,744 shares of the industrial products company’s stock valued at $43,664,000 after purchasing an additional 8,537 shares during the last quarter. Vident Investment Advisory LLC lifted its holdings in shares of iRobot by 14.8% during the fourth quarter. Vident Investment Advisory LLC now owns 448,499 shares of the industrial products company’s stock valued at $29,547,000 after purchasing an additional 57,759 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of iRobot by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 256,174 shares of the industrial products company’s stock valued at $16,877,000 after purchasing an additional 2,165 shares during the last quarter. Gagnon Securities LLC lifted its stake in iRobot by 4.5% in the 4th quarter. Gagnon Securities LLC now owns 196,310 shares of the industrial products company’s stock worth $12,933,000 after acquiring an additional 8,514 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in iRobot by 24.8% in the 4th quarter. First Trust Advisors LP now owns 107,477 shares of the industrial products company’s stock worth $7,081,000 after acquiring an additional 21,388 shares in the last quarter. 90.86% of the stock is owned by hedge funds and other institutional investors.

iRobot Price Performance

Shares of IRBT stock opened at $59.54 on Friday. iRobot Co. has a fifty-two week low of $35.41 and a fifty-two week high of $98.86. The stock’s 50-day moving average is $42.61 and its two-hundred day moving average is $52.31. The firm has a market cap of $1.61 billion, a P/E ratio of -180.42, a PEG ratio of 2.82 and a beta of 1.43.

iRobot (NASDAQ:IRBTGet Rating) last issued its earnings results on Wednesday, May 4th. The industrial products company reported ($0.87) earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $302.46 million. During the same period in the prior year, the firm posted $0.23 EPS. The business’s revenue was down 3.7% compared to the same quarter last year. As a group, research analysts expect that iRobot Co. will post 0.71 EPS for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CEO Colin M. Angle sold 23,350 shares of the stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $46.30, for a total transaction of $1,081,105.00. Following the transaction, the chief executive officer now owns 319,322 shares of the company’s stock, valued at approximately $14,784,608.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

iRobot Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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