iRobot Co. (NASDAQ:IRBT) Director Mohamad Ali sold 743 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $111.10, for a total value of $82,547.30. Following the sale, the director now directly owns 12,289 shares of the company’s stock, valued at $1,365,307.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mohamad Ali also recently made the following trade(s):
- On Friday, July 13th, Mohamad Ali sold 542 shares of iRobot stock. The shares were sold at an average price of $80.94, for a total value of $43,869.48.
iRobot stock traded down $4.82 during mid-day trading on Thursday, hitting $110.18. The company’s stock had a trading volume of 13,751 shares, compared to its average volume of 840,581. The company has a market cap of $3.11 billion, a P/E ratio of 63.52, a P/E/G ratio of 2.40 and a beta of 1.47. iRobot Co. has a 52-week low of $55.77 and a 52-week high of $118.75.
iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, July 24th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.20. The firm had revenue of $226.30 million during the quarter, compared to the consensus estimate of $219.71 million. iRobot had a return on equity of 13.27% and a net margin of 5.90%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. research analysts forecast that iRobot Co. will post 2.43 earnings per share for the current year.
Several equities research analysts have recently commented on IRBT shares. BidaskClub downgraded iRobot from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 21st. ValuEngine raised iRobot from a “hold” rating to a “buy” rating in a research note on Monday, August 20th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research note on Thursday, July 5th. Canaccord Genuity reissued a “hold” rating and issued a $80.00 price objective on shares of iRobot in a research note on Friday, August 10th. Finally, Raymond James downgraded iRobot from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 10th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. iRobot currently has a consensus rating of “Hold” and a consensus price target of $74.00.
Institutional investors have recently made changes to their positions in the stock. Modera Wealth Management LLC acquired a new position in iRobot in the 2nd quarter worth about $227,000. LLBH Private Wealth Management LLC acquired a new position in shares of iRobot during the 2nd quarter valued at about $231,000. UBS Group AG increased its holdings in shares of iRobot by 24.0% during the 1st quarter. UBS Group AG now owns 92,331 shares of the industrial products company’s stock valued at $5,927,000 after acquiring an additional 17,849 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of iRobot by 9.4% during the 1st quarter. Thrivent Financial for Lutherans now owns 18,800 shares of the industrial products company’s stock valued at $1,207,000 after acquiring an additional 1,611 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of iRobot during the 1st quarter valued at about $368,000. 83.21% of the stock is owned by hedge funds and other institutional investors.
iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair.
Featured Article: How to Use a Moving Average for Trading
Receive News & Ratings for iRobot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot and related companies with MarketBeat.com's FREE daily email newsletter.