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

Geode Capital Management LLC raised its holdings in shares of iRobot Co. (NASDAQ:IRBT) by 2.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 676,472 shares of the industrial products company’s stock after acquiring an additional 19,233 shares during the quarter. Geode Capital Management LLC’s holdings in iRobot were worth $5,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of iRobot by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 163,670 shares of the industrial products company’s stock worth $1,491,000 after acquiring an additional 3,956 shares during the period. Rhumbline Advisers lifted its holdings in iRobot by 15.2% during the 2nd quarter. Rhumbline Advisers now owns 49,040 shares of the industrial products company’s stock worth $447,000 after purchasing an additional 6,485 shares in the last quarter. Acadian Asset Management LLC bought a new position in iRobot in the 2nd quarter worth about $529,000. Daiwa Securities Group Inc. purchased a new position in iRobot during the 2nd quarter valued at about $61,000. Finally, Federated Hermes Inc. increased its position in shares of iRobot by 2.8% during the second quarter. Federated Hermes Inc. now owns 796,923 shares of the industrial products company’s stock valued at $7,260,000 after buying an additional 21,982 shares during the period. Institutional investors own 77.42% of the company’s stock.

iRobot Trading Up 24.7 %

Shares of 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 P/E ratio of -2.15 and a beta of 0.80. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94. The firm’s 50 day simple moving average is $7.92 and its 200 day simple moving average is $8.36.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The company had revenue of $193.40 million during the quarter, compared to the consensus estimate 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 was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($3.09) EPS. Sell-side analysts forecast that iRobot Co. will post -5.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. StockNews.com cut shares of iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th. Needham & Company LLC restated a “hold” rating on shares of iRobot in a research report on Thursday, November 7th.

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.