nVerses Capital LLC Acquires New Position in iRobot Co. (NASDAQ:IRBT)

nVerses Capital LLC bought a new position in iRobot Co. (NASDAQ:IRBT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,500 shares of the industrial products company’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of iRobot by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,986,963 shares of the industrial products company’s stock valued at $115,595,000 after acquiring an additional 34,042 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of iRobot by 2.8% in the 2nd quarter. Federated Hermes Inc. now owns 796,923 shares of the industrial products company’s stock worth $7,260,000 after purchasing an additional 21,982 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of iRobot in the first quarter worth $4,083,000. AQR Capital Management LLC raised its stake in shares of iRobot by 185.4% in the second quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock worth $1,789,000 after purchasing an additional 127,602 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of iRobot by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 163,670 shares of the industrial products company’s stock valued at $1,491,000 after purchasing an additional 3,956 shares in the last quarter. Institutional investors own 77.42% of the company’s stock.

iRobot Price Performance

NASDAQ IRBT opened at $8.51 on Wednesday. The stock has a market capitalization of $244.72 million, a price-to-earnings ratio of -1.10 and a beta of 0.85. iRobot Co. has a 1-year low of $5.83 and a 1-year high of $42.14. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.53 and a quick ratio of 1.08. The business’s fifty day moving average price is $7.67 and its 200-day moving average price is $8.88.

iRobot (NASDAQ:IRBT) last posted its earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.77) by ($0.19). The firm had revenue of $166.40 million during the quarter, compared to the consensus estimate of $168.73 million. iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The firm’s revenue was down 29.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.73) EPS. On average, equities analysts predict that iRobot Co. will post -4.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com upgraded iRobot from a “sell” rating to a “hold” rating in a report on Saturday. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research note on Thursday, August 8th.

iRobot Company Profile

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.