Alps Advisors Inc. decreased its stake in iRobot Corp. (NASDAQ:IRBT) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,894 shares of the company’s stock after selling 872 shares during the period. Alps Advisors Inc.’s holdings in iRobot Corp. were worth $417,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of IRBT. First Republic Investment Management Inc. boosted its position in iRobot Corp. by 97.6% in the first quarter. First Republic Investment Management Inc. now owns 159,957 shares of the company’s stock valued at $5,646,000 after buying an additional 78,997 shares during the last quarter. Spark Investment Management LLC boosted its position in iRobot Corp. by 70.9% in the first quarter. Spark Investment Management LLC now owns 128,200 shares of the company’s stock valued at $4,525,000 after buying an additional 53,200 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in iRobot Corp. by 418.1% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 41,696 shares of the company’s stock valued at $1,462,000 after buying an additional 33,648 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iRobot Corp. by 116.4% in the first quarter. JPMorgan Chase & Co. now owns 43,358 shares of the company’s stock valued at $1,530,000 after buying an additional 23,326 shares during the last quarter. Finally, First Quadrant L P CA acquired a new position in iRobot Corp. during the second quarter valued at approximately $674,000. Institutional investors and hedge funds own 77.40% of the company’s stock.
iRobot Corp. (NASDAQ:IRBT) traded down 1.28% during midday trading on Friday, hitting $43.10. The stock had a trading volume of 119,769 shares. The stock’s 50-day moving average is $41.32 and its 200-day moving average is $37.97. iRobot Corp. has a 1-year low of $28.02 and a 1-year high of $45.01. The company has a market capitalization of $1.17 billion, a PE ratio of 31.01 and a beta of 1.60.
iRobot Corp. (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. The company had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.10 million. During the same period last year, the firm earned $0.24 EPS. iRobot Corp.’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts forecast that iRobot Corp. will post $1.32 EPS for the current year.
IRBT has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $46.00 target price (up from $42.00) on shares of iRobot Corp. in a research report on Friday, September 16th. 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.00.
In other iRobot Corp. news, CFO Alison Dean sold 11,000 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $43.42, for a total value of $477,620.00. Following the completion of the sale, the chief financial officer now owns 84,045 shares in the company, valued at approximately $3,649,233.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Glen Daniel Weinstein sold 4,225 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $43.99, for a total value of $185,857.75. Following the completion of the sale, the executive vice president now owns 70,814 shares of the company’s stock, valued at approximately $3,115,107.86. The disclosure for this sale can be found here. 5.53% of the stock is owned by company insiders.
About iRobot Corp.
iRobot Corporation is engaged in designing and building robots. The Company’s portfolio of solutions focus on technologies for the connected home and concepts in navigation, mobility, mapping and artificial intelligence. The Company operates through consumer robots segment. It designs robots for the consumer, telemedicine and mobile video collaboration markets.