GSA Capital Partners LLP reduced its holdings in iRobot Corporation (NASDAQ:IRBT) by 61.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,829 shares of the industrial products company’s stock after selling 17,535 shares during the quarter. GSA Capital Partners LLP’s holdings in iRobot Corporation were worth $911,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IRBT. Louisiana State Employees Retirement System lifted its stake in iRobot Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the industrial products company’s stock valued at $942,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its holdings 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 buying an additional 100 shares in the last quarter. NEXT Financial Group Inc boosted its holdings 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 buying an additional 110 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings 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 buying an additional 125 shares in the last quarter. Finally, Amalgamated Bank grew its position 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 buying an additional 141 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

Several analysts have recently weighed in on IRBT shares. SprucePoint Capital reiterated a “sell” rating on shares of iRobot Corporation in a research note on Thursday, September 14th. BidaskClub downgraded shares of iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research downgraded shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 31st. Canaccord Genuity increased their target price on shares of iRobot Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, Piper Jaffray Companies increased their target price 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.63.

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In related news, EVP Glen Daniel Weinstein sold 728 shares of iRobot Corporation stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total transaction of $72,800.00. Following the sale, the executive vice president now directly owns 68,355 shares in the company, valued at $6,835,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Russell J. Campanello sold 10,000 shares of iRobot Corporation stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $85.00, for a total value of $850,000.00. Following the sale, the executive vice president now owns 82,434 shares in the company, valued at $7,006,890. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,675 shares of company stock valued at $10,315,539. Corporate insiders own 4.49% of the company’s stock.

iRobot Corporation (IRBT) opened at 79.20 on Tuesday. The stock’s 50 day moving average price is $89.37 and its 200-day moving average price is $86.71. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 38.84 and a beta of 1.19. iRobot Corporation has a 12 month low of $42.06 and a 12 month high of $109.78.

iRobot Corporation (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.55. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The business had revenue of $183.14 million for the quarter, compared to the consensus estimate of $174.65 million. During the same period in the previous year, the firm earned $0.17 EPS. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. Equities analysts anticipate that iRobot Corporation will post $1.58 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for iRobot Corporation (NASDAQ:IRBT)

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