Thrivent Financial For Lutherans increased its stake in shares of iRobot Corporation (NASDAQ:IRBT) by 4.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 15,360 shares of the industrial products company’s stock after buying an additional 660 shares during the period. Thrivent Financial For Lutherans owned approximately 0.06% of iRobot Corporation worth $1,016,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Anderson Hoagland & Co. boosted its position in iRobot Corporation by 55.9% in the first quarter. Anderson Hoagland & Co. now owns 17,580 shares of the industrial products company’s stock worth $1,163,000 after buying an additional 6,300 shares during the last quarter. Legato Capital Management LLC boosted its position in shares of iRobot Corporation by 6,514.0% in the first quarter. Legato Capital Management LLC now owns 52,052 shares of the industrial products company’s stock worth $787,000 after buying an additional 51,265 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of iRobot Corporation by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock worth $734,000 after buying an additional 200 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of iRobot Corporation by 82.6% in the fourth quarter. Macquarie Group Ltd. now owns 45,100 shares of the industrial products company’s stock worth $2,636,000 after buying an additional 20,400 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in iRobot Corporation by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 44,233 shares of the industrial products company’s stock worth $2,585,000 after buying an additional 1,520 shares during the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.
iRobot Corporation (NASDAQ IRBT) traded down 0.20% during mid-day trading on Tuesday, reaching $84.73. The company had a trading volume of 45,877 shares. The stock’s 50-day moving average price is $95.98 and its 200 day moving average price is $71.29. iRobot Corporation has a 52 week low of $35.80 and a 52 week high of $104.61. The firm has a market capitalization of $2.32 billion, a PE ratio of 43.56 and a beta of 1.14.
iRobot Corporation (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.26. The business had revenue of $168.47 million during the quarter, compared to analyst estimates of $155.86 million. iRobot Corporation had a return on equity of 14.03% and a net margin of 7.79%. The company’s revenue was up 28.8% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. On average, equities research analysts predict that iRobot Corporation will post $1.67 EPS for the current year.
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A number of research firms recently commented on IRBT. BidaskClub lowered iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Dougherty & Co cut iRobot Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 3rd. Zacks Investment Research raised iRobot Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Canaccord Genuity cut iRobot Corporation from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research note on Wednesday, May 31st. They noted that the move was a valuation call. Finally, Needham & Company LLC reissued a “hold” rating on shares of iRobot Corporation in a research note on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $65.71.
In related news, EVP Glen Daniel Weinstein sold 10,462 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $98.61, for a total value of $1,031,657.82. Following the transaction, the executive vice president now owns 75,308 shares of the company’s stock, valued at $7,426,121.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christian Cerda sold 75,121 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $100.06, for a total transaction of $7,516,607.26. Following the completion of the sale, the chief operating officer now owns 98,300 shares of the company’s stock, valued at approximately $9,835,898. The disclosure for this sale can be found here. Insiders sold 108,886 shares of company stock worth $10,525,541 over the last quarter. 5.53% of the stock is currently owned by insiders.
iRobot Corporation Company Profile
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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