Advisory Services Network LLC Sells 8 Shares of iRobot Corporation (IRBT)
Advisory Services Network LLC lessened its stake in iRobot Corporation (NASDAQ:IRBT) by 0.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,005 shares of the industrial products company’s stock after selling 8 shares during the quarter. Advisory Services Network LLC’s holdings in iRobot Corporation were worth $337,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Verition Fund Management LLC purchased a new position in shares of iRobot Corporation in the 2nd quarter valued at about $306,000. Piedmont Investment Advisors LLC purchased a new stake in iRobot Corporation during the second quarter worth approximately $499,000. Arrowstreet Capital Limited Partnership lifted its stake in iRobot Corporation by 7.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 546,907 shares of the industrial products company’s stock worth $46,017,000 after purchasing an additional 37,810 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in iRobot Corporation during the second quarter worth approximately $2,378,000. Finally, Sciencast Management LP purchased a new stake in iRobot Corporation during the second quarter worth approximately $438,000. Institutional investors and hedge funds own 82.71% of the company’s stock.
IRBT has been the subject of several recent analyst reports. Dougherty & Co cut iRobot Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd. BidaskClub cut iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Piper Jaffray Companies boosted their target price on 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. Canaccord Genuity boosted their target price on iRobot Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded iRobot Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective for the company in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $69.13.
iRobot Corporation (IRBT) opened at 76.25 on Friday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 37.40 and a beta of 1.18. The stock has a 50 day moving average price of $81.83 and a 200-day moving average price of $87.79. iRobot Corporation has a 12-month low of $42.51 and a 12-month 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, beating the consensus estimate of ($0.28) by $0.55. The firm had revenue of $183.14 million for the quarter, compared to the consensus estimate of $174.65 million. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. Equities analysts forecast that iRobot Corporation will post $1.57 earnings per share for the current year.
In other news, CFO Alison Dean sold 17,646 shares of iRobot Corporation stock in a transaction on Monday, July 24th. The stock was sold at an average price of $90.00, for a total transaction of $1,588,140.00. Following the transaction, the chief financial officer now directly owns 82,080 shares in the company, valued at approximately $7,387,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Colin M. Angle sold 5,886 shares of iRobot Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $106.20, for a total value of $625,093.20. Following the transaction, the chief executive officer now owns 489,463 shares in the company, valued at $51,980,970.60. The disclosure for this sale can be found here. Insiders have sold a total of 89,769 shares of company stock worth $8,878,529 in the last ninety days. 4.49% of the stock is owned by company insiders.
About iRobot Corporation
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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