iRobot Corp. (NASDAQ:IRBT) CFO Alison Dean sold 11,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $43.42, for a total value of $477,620.00. Following the transaction, the chief financial officer now directly owns 84,045 shares of the company’s stock, valued at $3,649,233.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
iRobot Corp. (NASDAQ:IRBT) opened at 43.66 on Friday. iRobot Corp. has a 52 week low of $28.02 and a 52 week high of $44.67. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 31.41 and a beta of 1.60. The stock’s 50 day moving average price is $41.24 and its 200-day moving average price is $37.91.
iRobot Corp. (NASDAQ:IRBT) last issued its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. iRobot Corp. had a return on equity of 10.39% and a net margin of 6.49%. The business earned $148.70 million during the quarter, compared to analyst estimates of $148.10 million. During the same period in the previous year, the company posted $0.24 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that iRobot Corp. will post $1.32 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of IRBT. Eqis Capital Management Inc. raised its stake in shares of iRobot Corp. by 3.2% in the third quarter. Eqis Capital Management Inc. now owns 20,115 shares of the company’s stock worth $885,000 after buying an additional 624 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in shares of iRobot Corp. during the second quarter worth approximately $188,000. Royal Bank of Canada raised its stake in shares of iRobot Corp. by 116.6% in the second quarter. Royal Bank of Canada now owns 5,084 shares of the company’s stock worth $178,000 after buying an additional 2,737 shares during the last quarter. Personal Capital Advisors Corp raised its stake in shares of iRobot Corp. by 9.4% in the second quarter. Personal Capital Advisors Corp now owns 227,954 shares of the company’s stock worth $7,997,000 after buying an additional 19,623 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in shares of iRobot Corp. during the second quarter worth approximately $559,000. 77.40% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $46.00 price target (up from $42.00) on shares of iRobot Corp. in a research report on Friday, September 16th. Canaccord Genuity reissued a “buy” rating and set a $45.00 price target on shares of iRobot Corp. in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $39.00.
iRobot Corp. Company Profile
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.
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