iRobot Co. (NASDAQ:IRBT – Get Free Report) shares were up 3.2% during trading on Tuesday . The stock traded as high as $36.63 and last traded at $36.63. Approximately 106,250 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 423,825 shares. The stock had previously closed at $35.49.
Analyst Ratings Changes
Several equities research analysts have commented on IRBT shares. Citigroup decreased their target price on shares of iRobot from $61.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, July 27th. StockNews.com upgraded shares of iRobot from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th.
iRobot Stock Performance
iRobot (NASDAQ:IRBT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported ($1.73) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.94) by $0.21. The company had revenue of $236.57 million for the quarter, compared to analyst estimates of $224.48 million. iRobot had a negative return on equity of 47.45% and a negative net margin of 36.24%.
Institutional Investors Weigh In On iRobot
Hedge funds have recently modified their holdings of the stock. Capital Fund Management S.A. grew its holdings in shares of iRobot by 2.5% during the 4th quarter. Capital Fund Management S.A. now owns 64,626 shares of the industrial products company’s stock worth $3,110,000 after purchasing an additional 1,562 shares during the period. US Bancorp DE grew its position in iRobot by 57.3% in the first quarter. US Bancorp DE now owns 1,553 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 566 shares in the last quarter. AQR Arbitrage LLC grew its position in iRobot by 7.7% in the fourth quarter. AQR Arbitrage LLC now owns 664,787 shares of the industrial products company’s stock valued at $31,996,000 after acquiring an additional 47,522 shares in the last quarter. Credit Suisse AG raised its stake in shares of iRobot by 8.0% during the first quarter. Credit Suisse AG now owns 152,487 shares of the industrial products company’s stock valued at $6,655,000 after purchasing an additional 11,284 shares during the period. Finally, Athos Capital Ltd purchased a new position in shares of iRobot in the fourth quarter valued at $2,888,000. 86.44% of the stock is owned by institutional investors and hedge funds.
iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.
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