ProShare Advisors LLC Acquires 547 Shares of iRobot Co. (NASDAQ:IRBT)

ProShare Advisors LLC increased its holdings in iRobot Co. (NASDAQ:IRBT – Get Rating) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,247 shares of the industrial products company’s stock after purchasing an additional 547 shares during the period. ProShare Advisors LLC’s holdings in iRobot were worth $204,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Bank of Montreal Can increased its position in iRobot by 12.9% in the fourth quarter. Bank of Montreal Can now owns 4,186 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 477 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in iRobot by 25.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,908 shares of the industrial products company’s stock worth $188,000 after buying an additional 805 shares during the period. Wolverine Asset Management LLC boosted its stake in iRobot by 19.2% during the fourth quarter. Wolverine Asset Management LLC now owns 68,983 shares of the industrial products company’s stock worth $3,320,000 after buying an additional 11,122 shares during the period. Versor Investments LP boosted its stake in iRobot by 51.5% during the fourth quarter. Versor Investments LP now owns 587,421 shares of the industrial products company’s stock worth $28,273,000 after buying an additional 199,768 shares during the period. Finally, Calamos Advisors LLC boosted its stake in iRobot by 47.5% during the fourth quarter. Calamos Advisors LLC now owns 543,703 shares of the industrial products company’s stock worth $26,168,000 after buying an additional 175,000 shares during the period. Institutional investors own 84.03% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of iRobot in a research note on Monday, April 3rd. They set a “sell” rating for the company. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.00.

iRobot Stock Down 0.9 %

NASDAQ IRBT opened at $37.45 on Friday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -3.57 and a beta of 1.08. iRobot Co. has a 52 week low of $35.41 and a 52 week high of $60.24. The company has a fifty day moving average of $42.25 and a two-hundred day moving average of $46.69.

iRobot (NASDAQ:IRBT – Get Rating) last issued its earnings results on Monday, February 13th. The industrial products company reported ($1.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($1.56). The company had revenue of $357.90 million for the quarter, compared to analysts’ expectations of $379.14 million. iRobot had a negative net margin of 24.19% and a negative return on equity of 24.59%. The firm’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.21) earnings per share. Equities research analysts anticipate that iRobot Co. will post -4.38 EPS for the current year.

iRobot Profile

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iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums and maps, and pool cleaners. It operates through Domestic and International segments. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.