SG Americas Securities LLC Takes $97,000 Position in iRobot Co. (NASDAQ:IRBT)

SG Americas Securities LLC purchased a new stake in shares of iRobot Co. (NASDAQ:IRBT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,473 shares of the industrial products company’s stock, valued at approximately $97,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IRBT. nVerses Capital LLC bought a new position in shares of iRobot during the third quarter valued at $39,000. Olympiad Research LP bought a new position in shares of iRobot during the third quarter valued at $89,000. Quest Partners LLC lifted its holdings in shares of iRobot by 39.8% during the third quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 3,285 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of iRobot by 96.6% during the third quarter. Harbor Capital Advisors Inc. now owns 12,147 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 5,970 shares in the last quarter. Finally, KG&L Capital Management LLC bought a new position in shares of iRobot during the third quarter valued at $109,000. 77.42% of the stock is owned by institutional investors.

iRobot Stock Down 5.3 %

IRBT stock opened at $9.12 on Thursday. iRobot Co. has a fifty-two week low of $5.83 and a fifty-two week high of $14.51. The business’s 50-day moving average is $8.58 and its two-hundred day moving average is $8.17. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45. The company has a market cap of $278.71 million, a price-to-earnings ratio of -1.98 and a beta of 0.80.

Analysts Set New Price Targets

A number of research firms have weighed in on IRBT. StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a report on Saturday, January 25th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a report on Tuesday, January 21st.

About iRobot

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.