First Mercantile Trust Co. lowered its position in iRobot Corporation (NASDAQ:IRBT) by 9.5% during the second quarter, Holdings Channel reports. The institutional investor owned 4,417 shares of the industrial products company’s stock after selling 463 shares during the period. First Mercantile Trust Co.’s holdings in iRobot Corporation were worth $372,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the company. Creative Planning raised its stake in iRobot Corporation by 14.0% in the second quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after buying an additional 162 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of iRobot Corporation by 16.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock valued at $132,000 after buying an additional 277 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of iRobot Corporation by 14.0% in the first quarter. NEXT Financial Group Inc now owns 1,780 shares of the industrial products company’s stock valued at $142,000 after buying an additional 219 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of iRobot Corporation during the first quarter valued at approximately $153,000. Finally, LS Investment Advisors LLC raised its stake in shares of iRobot Corporation by 151.1% in the first quarter. LS Investment Advisors LLC now owns 2,601 shares of the industrial products company’s stock valued at $172,000 after buying an additional 1,565 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.
Shares of iRobot Corporation (NASDAQ:IRBT) opened at 98.82 on Friday. iRobot Corporation has a one year low of $38.19 and a one year high of $109.78. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 48.46 and a beta of 1.18. The stock’s 50 day moving average price is $94.22 and its 200 day moving average price is $79.67.
iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.55. The business had revenue of $183.14 million for the quarter, compared to the consensus estimate of $174.65 million. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Analysts forecast that iRobot Corporation will post $2.00 earnings per share for the current year.
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Several brokerages have recently commented on IRBT. BidaskClub lowered iRobot Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Canaccord Genuity increased their price objective on iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded iRobot Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective for the company in a report on Friday, July 28th. Piper Jaffray Companies increased their price objective on iRobot Corporation to $92.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Needham & Company LLC reiterated a “hold” rating on shares of iRobot Corporation in a report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $73.63.
In related news, CFO Alison Dean sold 17,646 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $90.00, for a total transaction of $1,588,140.00. Following the transaction, the chief financial officer now owns 82,080 shares of the company’s stock, valued at $7,387,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Colin M. Angle sold 5,886 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $106.20, for a total transaction of $625,093.20. Following the transaction, the chief executive officer now directly owns 489,463 shares in the company, valued at approximately $51,980,970.60. The disclosure for this sale can be found here. Insiders have sold 147,721 shares of company stock worth $14,483,004 in the last three months. Insiders own 4.49% of the company’s stock.
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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