Jump Financial LLC increased its stake in iRobot Co. (NASDAQ:IRBT – Get Rating) by 244.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,805 shares of the industrial products company’s stock after purchasing an additional 13,352 shares during the quarter. Jump Financial LLC owned approximately 0.07% of iRobot worth $1,059,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in iRobot by 3.2% in the 1st quarter. Bank of Montreal Can now owns 7,600 shares of the industrial products company’s stock worth $503,000 after purchasing an additional 235 shares during the period. US Bancorp DE raised its holdings in iRobot by 16.7% during the second quarter. US Bancorp DE now owns 1,805 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 258 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in iRobot by 1.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 17,576 shares of the industrial products company’s stock valued at $646,000 after acquiring an additional 335 shares during the period. Advisor Group Holdings Inc. raised its holdings in iRobot by 10.2% during the first quarter. Advisor Group Holdings Inc. now owns 4,107 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 381 shares during the period. Finally, Comerica Bank raised its holdings in iRobot by 1.9% during the second quarter. Comerica Bank now owns 23,754 shares of the industrial products company’s stock valued at $989,000 after acquiring an additional 435 shares during the period. 84.03% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on iRobot in a report on Wednesday, October 12th. They set a “sell” rating on the stock. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.67.
iRobot Stock Performance
Shares of iRobot stock opened at $45.24 on Thursday. The business has a 50-day moving average price of $48.48 and a 200-day moving average price of $52.77. iRobot Co. has a twelve month low of $35.41 and a twelve month high of $73.77.
iRobot (NASDAQ:IRBT – Get Rating) last issued its quarterly earnings data on Tuesday, November 8th. The industrial products company reported ($2.08) earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($3.24). The firm had revenue of $278.19 million for the quarter, compared to analysts’ expectations of $439.15 million. iRobot had a negative net margin of 18.24% and a negative return on equity of 19.73%. Sell-side analysts expect that iRobot Co. will post -3.93 EPS for the current year.
iRobot Profile
iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums and maps, and pool cleaners. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.