iRobot Corporation (NASDAQ:IRBT) – Investment analysts at Dougherty & Co cut their Q3 2017 earnings per share estimates for shares of iRobot Corporation in a research note issued on Wednesday. Dougherty & Co analyst J. Fisher now anticipates that the industrial products company will post earnings of $0.54 per share for the quarter, down from their prior estimate of $0.61. Dougherty & Co currently has a “Neutral” rating on the stock.

A number of other analysts also recently issued reports on IRBT. BidaskClub upgraded shares of iRobot Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, July 31st. Canaccord Genuity lifted their price target on shares of iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, July 27th. Finally, Piper Jaffray Companies lifted their price objective on shares of iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. iRobot Corporation has a consensus rating of “Hold” and a consensus target price of $73.63.

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iRobot Corporation (NASDAQ:IRBT) opened at 85.08 on Thursday. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 41.73 and a beta of 1.18. The stock’s 50 day moving average price is $98.98 and its 200-day moving average price is $84.47. iRobot Corporation has a 52 week low of $39.20 and a 52 week high of $109.78.

iRobot Corporation (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.55. The company had revenue of $183.14 million for the quarter, compared to analyst estimates of $174.65 million. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share.

In related news, Director Ronald Chwang sold 10,000 shares of iRobot Corporation stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $92.71, for a total transaction of $927,100.00. Following the completion of the transaction, the director now directly owns 12,630 shares of the company’s stock, valued at approximately $1,170,927.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Deborah G. Ellinger sold 7,082 shares of iRobot Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $105.21, for a total transaction of $745,097.22. Following the transaction, the director now directly owns 17,858 shares of the company’s stock, valued at $1,878,840.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,138 shares of company stock valued at $6,861,839. 4.49% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its stake in shares of iRobot Corporation by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the industrial products company’s stock worth $942,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System boosted its stake in shares of iRobot Corporation by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 14,267 shares of the industrial products company’s stock worth $1,200,000 after purchasing an additional 100 shares during the period. NEXT Financial Group Inc boosted its stake in shares of iRobot Corporation by 6.2% during the 2nd quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 110 shares during the period. United Capital Financial Advisers LLC boosted its stake in shares of iRobot Corporation by 1.1% during the 1st quarter. United Capital Financial Advisers LLC now owns 11,745 shares of the industrial products company’s stock worth $777,000 after purchasing an additional 125 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of iRobot Corporation by 4.0% during the 2nd quarter. Amalgamated Bank now owns 3,693 shares of the industrial products company’s stock worth $311,000 after purchasing an additional 141 shares during the period. 82.73% of the stock is owned by hedge funds and other institutional investors.

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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