Geode Capital Management LLC Acquires 19,233 Shares of iRobot Co. (NASDAQ:IRBT)

Geode Capital Management LLC boosted its holdings in iRobot Co. (NASDAQ:IRBT) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 676,472 shares of the industrial products company’s stock after purchasing an additional 19,233 shares during the quarter. Geode Capital Management LLC owned about 2.21% of iRobot worth $5,880,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Squarepoint Ops LLC increased its position in iRobot by 131.1% in the 2nd quarter. Squarepoint Ops LLC now owns 79,925 shares of the industrial products company’s stock valued at $728,000 after buying an additional 337,057 shares in the last quarter. Verition Fund Management LLC bought a new stake in iRobot during the 3rd quarter valued at $1,556,000. AQR Capital Management LLC grew its holdings in shares of iRobot by 185.4% during the second quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock valued at $1,789,000 after buying an additional 127,602 shares during the last quarter. Acadian Asset Management LLC bought a new position in iRobot in the 2nd quarter valued at about $529,000. Finally, Private Advisor Group LLC increased its holdings in iRobot by 234.2% during the 3rd quarter. Private Advisor Group LLC now owns 73,597 shares of the industrial products company’s stock worth $640,000 after purchasing an additional 51,575 shares in the last quarter. 77.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research report on Thursday, November 7th. StockNews.com downgraded shares of iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th.

iRobot Stock Up 24.7 %

Shares of NASDAQ:IRBT opened at $9.91 on Friday. iRobot Co. has a 1 year low of $5.83 and a 1 year high of $38.70. The company has a market capitalization of $302.84 million, a PE ratio of -2.15 and a beta of 0.80. The business has a fifty day moving average price of $7.92 and a two-hundred day moving average price of $8.36. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. The company had revenue of $193.40 million during the quarter, compared to analyst estimates of $218.41 million. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($3.09) earnings per share. Analysts forecast that iRobot Co. will post -5.74 earnings per share for the current year.

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.