State of Alaska Department of Revenue grew its holdings in iRobot Co. (NASDAQ:IRBT) by 126.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,605 shares of the industrial products company’s stock after acquiring an additional 12,058 shares during the quarter. State of Alaska Department of Revenue owned 0.08% of iRobot worth $1,332,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. lifted its position in iRobot by 1,217.3% in the second quarter. Invesco Ltd. now owns 952,798 shares of the industrial products company’s stock worth $87,314,000 after purchasing an additional 880,468 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its position in iRobot by 737.0% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 844,390 shares of the industrial products company’s stock worth $99,376,000 after purchasing an additional 743,512 shares during the period. BlackRock Inc. lifted its position in iRobot by 6.7% in the second quarter. BlackRock Inc. now owns 4,285,781 shares of the industrial products company’s stock worth $392,747,000 after purchasing an additional 267,663 shares during the period. Atria Investments LLC bought a new position in iRobot in the second quarter worth $45,932,000. Finally, Nuveen Asset Management LLC bought a new position in iRobot in the second quarter worth $12,892,000.
NASDAQ:IRBT opened at $56.83 on Friday. iRobot Co. has a fifty-two week low of $51.11 and a fifty-two week high of $132.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.15 and a quick ratio of 1.90. The stock has a market capitalization of $1.60 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.40 and a beta of 1.59. The business’s 50-day simple moving average is $61.02 and its 200-day simple moving average is $86.03.
iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.22. iRobot had a return on equity of 16.06% and a net margin of 7.57%. The business had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $267.96 million. During the same quarter in the previous year, the business posted $0.37 EPS. iRobot’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, research analysts expect that iRobot Co. will post 2.68 earnings per share for the current year.
In related news, Director Mohamad Ali sold 780 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $61.11, for a total value of $47,665.80. Following the completion of the sale, the director now owns 12,634 shares in the company, valued at $772,063.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.01% of the stock is owned by company insiders.
Several research analysts recently commented on IRBT shares. Northland Securities reaffirmed a “buy” rating and issued a $105.00 target price on shares of iRobot in a research report on Thursday, July 25th. BidaskClub lowered iRobot from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine upgraded iRobot from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered iRobot from a “hold” rating to a “sell” rating and set a $95.00 price objective for the company. in a research note on Wednesday, June 26th. Finally, Canaccord Genuity dropped their price objective on iRobot from $114.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. iRobot has a consensus rating of “Hold” and a consensus target price of $90.43.
iRobot Company Profile
iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.
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