iRobot Co. (NASDAQ:IRBT) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in shares of iRobot Co. (NASDAQ:IRBT) by 250.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 37,369 shares of the industrial products company’s stock after buying an additional 26,694 shares during the period. Barclays PLC’s holdings in iRobot were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of iRobot by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 163,670 shares of the industrial products company’s stock worth $1,491,000 after purchasing an additional 3,956 shares during the period. Rhumbline Advisers increased its stake in iRobot by 15.2% in the second quarter. Rhumbline Advisers now owns 49,040 shares of the industrial products company’s stock valued at $447,000 after purchasing an additional 6,485 shares during the last quarter. Acadian Asset Management LLC purchased a new position in iRobot during the second quarter worth about $529,000. Daiwa Securities Group Inc. acquired a new stake in iRobot in the 2nd quarter worth about $61,000. Finally, Federated Hermes Inc. grew its holdings in iRobot by 2.8% in the 2nd 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 and hedge funds own 77.42% of the company’s stock.

iRobot Stock Up 24.7 %

IRBT opened at $9.91 on Friday. The company has a market cap of $302.84 million, a PE ratio of -2.15 and a beta of 0.80. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45. iRobot Co. has a 1 year low of $5.83 and a 1 year high of $38.70. The firm has a 50 day moving average price of $7.92 and a 200 day moving average price of $8.36.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Thursday, November 7th. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th.

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.