SBI Securities Co. Ltd. Makes New Investment in iRobot Co. (NASDAQ:IRBT)

SBI Securities Co. Ltd. acquired a new stake in iRobot Co. (NASDAQ:IRBT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,629 shares of the industrial products company’s stock, valued at approximately $59,000.

Other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in iRobot during the fourth quarter valued at approximately $97,000. Quest Partners LLC grew its stake in shares of iRobot by 39.8% during the 3rd quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 3,285 shares during the period. Point72 DIFC Ltd purchased a new position in shares of iRobot during the 3rd quarter valued at approximately $112,000. Marathon Trading Investment Management LLC acquired a new position in shares of iRobot in the 3rd quarter valued at $117,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in iRobot by 28.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 15,595 shares of the industrial products company’s stock worth $121,000 after buying an additional 3,448 shares in the last quarter. 77.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

iRobot Trading Down 8.5 %

Shares of iRobot stock opened at $6.48 on Tuesday. iRobot Co. has a fifty-two week low of $5.83 and a fifty-two week high of $14.51. 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 firm has a market capitalization of $198.02 million, a price-to-earnings ratio of -1.41 and a beta of 0.87. The stock has a 50 day moving average of $8.50 and a 200 day moving average of $8.04.

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.