Riverhead Capital Management LLC raised its stake in shares of iRobot Corporation (NASDAQ:IRBT) by 66.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,665 shares of the industrial products company’s stock after acquiring an additional 665 shares during the quarter. Riverhead Capital Management LLC’s holdings in iRobot Corporation were worth $140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning increased its holdings in shares of iRobot Corporation 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 acquiring an additional 162 shares during the period. PNC Financial Services Group Inc. raised its position in shares of iRobot Corporation by 16.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 277 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of iRobot Corporation in the 1st quarter worth $153,000. NEXT Financial Group Inc raised its position in shares of iRobot Corporation by 6.2% in the 2nd quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 110 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of iRobot Corporation by 15.4% in the 2nd quarter. IFP Advisors Inc now owns 2,064 shares of the industrial products company’s stock worth $174,000 after acquiring an additional 275 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on IRBT shares. BidaskClub cut iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research lowered iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Canaccord Genuity lifted their target price on iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, July 27th. Piper Jaffray Companies boosted their target price on shares of iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Dougherty & Co downgraded shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. iRobot Corporation presently has a consensus rating of “Hold” and an average price target of $73.63.

Shares of iRobot Corporation (NASDAQ IRBT) opened at 79.61 on Wednesday. The firm has a market cap of $2.20 billion, a PE ratio of 39.04 and a beta of 1.18. The stock has a 50 day moving average price of $88.65 and a 200-day moving average price of $86.85. iRobot Corporation has a 52-week low of $42.06 and a 52-week high of $109.78.

iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.55. The business had revenue of $183.14 million during the quarter, compared to analysts’ expectations of $174.65 million. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. On average, equities analysts anticipate that iRobot Corporation will post $1.58 EPS for the current fiscal year.

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In related news, CEO Colin M. Angle sold 5,886 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $106.20, for a total value of $625,093.20. Following the sale, the chief executive officer now owns 489,463 shares of the company’s stock, valued at $51,980,970.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Glen Daniel Weinstein sold 728 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total transaction of $72,800.00. Following the completion of the sale, the executive vice president now directly owns 68,355 shares in the company, valued at approximately $6,835,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,675 shares of company stock valued at $10,315,539. Corporate insiders own 4.49% of the company’s stock.

About iRobot Corporation

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 Corporation (NASDAQ:IRBT)

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