iRobot Co. (NASDAQ:IRBT) Director Ruey Bin Kao Sells 170 Shares – Watch List News
Shares of IRBT stock opened at $92.01 on Friday. The company has a market cap of $2.59 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 2.97 and a beta of 1.26. iRobot Co. has a 52-week low of $67.55 and a 52-week high of $197.40. The stock has a 50-day moving average price of $95.40.
iRobot (NASDAQ:IRBT) last released its earnings results on Sunday, May 2nd. The industrial products company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.32. The firm had revenue of $303.26 million for the quarter, compared to analysts’ expectations of $268.04 million. iRobot had a net margin of 11.20% and a return on equity of 14.94%. The company’s quarterly revenue was up 57.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. On average, equities research analysts expect that iRobot Co. will post 2.23 EPS for the current year.
A number of brokerages have issued reports on IRBT. Zacks Investment Research downgraded shares of iRobot from a “hold” rating to a “sell” rating and set a $103.00 price objective for the company. in a research report on Friday, May 7th. Northland Securities reduced their price objective on shares of iRobot from $140.00 to $130.00 and set a “market perform” rating for the company in a research report on Wednesday, May 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. iRobot presently has a consensus rating of “Hold” and an average price target of $117.83.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IRBT. Russell Investments Group Ltd. boosted its stake in iRobot by 9.1% in the fourth quarter. Russell Investments Group Ltd. now owns 22,711 shares of the industrial products company’s stock valued at $1,822,000 after acquiring an additional 1,885 shares during the last quarter. Advisory Services Network LLC boosted its stake in iRobot by 276.0% in the fourth quarter. Advisory Services Network LLC now owns 1,568 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 1,151 shares during the last quarter. KBC Group NV purchased a new position in iRobot in the fourth quarter valued at about $134,000. Renaissance Technologies LLC purchased a new stake in shares of iRobot during the 4th quarter valued at approximately $2,794,000. Finally, Rhumbline Advisers lifted its stake in shares of iRobot by 3.9% during the 4th quarter. Rhumbline Advisers now owns 79,796 shares of the industrial products company’s stock valued at $6,407,000 after buying an additional 2,993 shares in the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.
iRobot Company Profile
iRobot Corporation designs, builds, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Root robots to help children learn how to code. The company sells its products through distributor and retail sales channels, as well as through online stores and resellers.
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