iRobot Corporation (NASDAQ:IRBT) CEO Colin M. Angle sold 9,857 shares of iRobot Corporation stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $63.41, for a total transaction of $625,032.37. Following the completion of the sale, the chief executive officer now directly owns 482,601 shares in the company, valued at approximately $30,601,729.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
iRobot Corporation (NASDAQ:IRBT) opened at 54.31 on Monday. The stock has a market cap of $1.48 billion, a P/E ratio of 36.70 and a beta of 1.15. iRobot Corporation has a 1-year low of $29.50 and a 1-year high of $63.99. The stock has a 50 day moving average of $59.58 and a 200 day moving average of $49.60.
iRobot Corporation (NASDAQ:IRBT) last issued its quarterly earnings results on Wednesday, February 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.08. The company had revenue of $212.50 million for the quarter, compared to the consensus estimate of $205.97 million. iRobot Corporation had a return on equity of 11.14% and a net margin of 6.35%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. Equities analysts anticipate that iRobot Corporation will post $1.54 EPS for the current fiscal year.
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Several large investors have recently modified their holdings of IRBT. Columbus Circle Investors acquired a new stake in shares of iRobot Corporation during the third quarter valued at about $19,004,000. Russell Investments Group Ltd. bought a new stake in iRobot Corporation during the fourth quarter valued at $12,497,000. Dimensional Fund Advisors LP boosted its stake in iRobot Corporation by 27.8% in the second quarter. Dimensional Fund Advisors LP now owns 832,334 shares of the company’s stock valued at $29,198,000 after buying an additional 181,053 shares during the last quarter. BlackRock Fund Advisors boosted its stake in iRobot Corporation by 7.3% in the third quarter. BlackRock Fund Advisors now owns 1,876,014 shares of the company’s stock valued at $82,507,000 after buying an additional 127,699 shares during the last quarter. Finally, Shell Asset Management Co. boosted its stake in iRobot Corporation by 22.7% in the third quarter. Shell Asset Management Co. now owns 390,159 shares of the company’s stock valued at $17,159,000 after buying an additional 72,082 shares during the last quarter. 79.37% of the stock is currently owned by institutional investors.
Several analysts have commented on the stock. Needham & Company LLC lowered shares of iRobot Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, January 31st. Zacks Investment Research lowered shares of iRobot Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 24th. Canaccord Genuity reaffirmed a “buy” rating and issued a $68.00 price objective on shares of iRobot Corporation in a research report on Friday. Dougherty & Co assumed coverage on shares of iRobot Corporation in a research report on Thursday, November 17th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, Benchmark Co. lifted their price objective on shares of iRobot Corporation from $52.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, November 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $57.71.
About iRobot Corporation
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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