American International Group Inc. raised its position in iRobot Corporation (NASDAQ:IRBT) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,104 shares of the industrial products company’s stock after purchasing an additional 1,163 shares during the quarter. American International Group Inc. owned 0.08% of iRobot worth $1,626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arizona State Retirement System raised its stake in shares of iRobot by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,267 shares of the industrial products company’s stock valued at $1,200,000 after purchasing an additional 100 shares during the period. Amalgamated Bank raised its stake in shares of iRobot by 4.0% in the 2nd quarter. Amalgamated Bank now owns 3,693 shares of the industrial products company’s stock valued at $311,000 after purchasing an additional 141 shares during the period. Creative Planning raised its stake in shares of iRobot by 14.0% in the 2nd quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 162 shares during the period. Profund Advisors LLC raised its stake in shares of iRobot by 3.5% in the 2nd quarter. Profund Advisors LLC now owns 4,926 shares of the industrial products company’s stock valued at $414,000 after purchasing an additional 166 shares during the period. Finally, Suntrust Banks Inc. raised its stake in shares of iRobot by 4.0% in the 2nd quarter. Suntrust Banks Inc. now owns 4,594 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 175 shares during the period. 82.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of iRobot Corporation (IRBT) opened at $74.03 on Thursday. The stock has a market capitalization of $2,050.00, a PE ratio of 35.29, a P/E/G ratio of 1.79 and a beta of 0.99. iRobot Corporation has a 12-month low of $52.12 and a 12-month high of $109.78.

iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.16. The business had revenue of $205.40 million for the quarter, compared to the consensus estimate of $204.52 million. iRobot had a return on equity of 12.79% and a net margin of 7.80%. iRobot’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. equities research analysts predict that iRobot Corporation will post 1.85 earnings per share for the current fiscal year.

Several analysts have issued reports on IRBT shares. BidaskClub downgraded iRobot from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 23rd. SprucePoint Capital reaffirmed a “sell” rating on shares of iRobot in a research report on Thursday, September 14th. Zacks Investment Research raised iRobot from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, October 17th. Piper Jaffray Companies lowered their target price on iRobot to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $65.00 target price (down previously from $95.00) on shares of iRobot in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $70.75.

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About iRobot

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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