Shares of iRobot Corp. (NASDAQ:IRBT) saw unusually-high trading volume on Wednesday . Approximately 294,282 shares changed hands during trading, an increase of 3% from the previous session’s volume of 286,377 shares.The stock last traded at $42.37 and had previously closed at $41.41.

A number of research analysts recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $45.00 price target on shares of iRobot Corp. in a research note on Wednesday, August 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $46.00 price target (up from $42.00) on shares of iRobot Corp. in a research note on Friday, September 16th. Finally, JPMorgan Chase & Co. raised iRobot Corp. from an “underweight” rating to a “neutral” rating in a research note on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $39.00.

The company has a 50 day moving average of $40.11 and a 200 day moving average of $37.15. The company has a market capitalization of $1.17 billion, a PE ratio of 31.054 and a beta of 1.59.

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iRobot Corp. (NASDAQ:IRBT) last posted its earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The company had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.10 million. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. iRobot Corp.’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. On average, analysts predict that iRobot Corp. will post $1.32 EPS for the current year.

In other iRobot Corp. news, EVP Russell J. Campanello sold 9,200 shares of iRobot Corp. stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $40.04, for a total transaction of $368,368.00. Following the sale, the executive vice president now directly owns 78,420 shares of the company’s stock, valued at approximately $3,139,936.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrea Geisser sold 3,243 shares of iRobot Corp. stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $40.19, for a total value of $130,336.17. Following the sale, the director now directly owns 54,226 shares in the company, valued at $2,179,342.94. The disclosure for this sale can be found here. 5.53% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of IRBT. Dimensional Fund Advisors LP boosted its stake in iRobot Corp. by 27.8% in the second quarter. Dimensional Fund Advisors LP now owns 832,334 shares of the company’s stock valued at $29,198,000 after buying an additional 181,053 shares during the last quarter. Baillie Gifford & Co. boosted its stake in iRobot Corp. by 4.3% in the second quarter. Baillie Gifford & Co. now owns 530,400 shares of the company’s stock valued at $18,606,000 after buying an additional 21,800 shares during the last quarter. FMR LLC boosted its stake in iRobot Corp. by 52.7% in the second quarter. FMR LLC now owns 461,747 shares of the company’s stock valued at $16,198,000 after buying an additional 159,327 shares during the last quarter. Personal Capital Advisors Corp boosted its stake in iRobot Corp. by 9.4% in the second quarter. Personal Capital Advisors Corp now owns 227,954 shares of the company’s stock valued at $7,997,000 after buying an additional 19,623 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in iRobot Corp. by 0.3% in the second quarter. Principal Financial Group Inc. now owns 199,442 shares of the company’s stock valued at $6,997,000 after buying an additional 504 shares during the last quarter. 77.40% of the stock is currently owned by institutional investors and hedge funds.

About iRobot Corp.

iRobot Corporation is engaged in designing and building robots. The Company sells its products through sales channels to the consumer, defense and security, telemedicine and video collaboration markets. It operates through two segments: the home robots business, and the defense and security robots business.

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