iRobot Co. (NASDAQ:IRBT) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its stake in iRobot Co. (NASDAQ:IRBT) by 28.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,595 shares of the industrial products company’s stock after buying an additional 3,448 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in iRobot were worth $121,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in iRobot during the third quarter valued at about $39,000. Daiwa Securities Group Inc. bought a new stake in shares of iRobot during the 2nd quarter worth $61,000. Sunbelt Securities Inc. lifted its holdings in shares of iRobot by 72.6% during the second quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 3,175 shares during the last quarter. Olympiad Research LP acquired a new position in shares of iRobot in the 3rd quarter valued at $89,000. Finally, Quest Partners LLC lifted its stake in 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 buying an additional 3,285 shares in the last quarter. Institutional investors own 77.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IRBT. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a research report on Sunday, October 27th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Thursday, November 7th.

iRobot Trading Down 0.7 %

NASDAQ:IRBT opened at $8.30 on Thursday. The firm has a market cap of $253.64 million, a price-to-earnings ratio of -1.80 and a beta of 0.80. The company’s 50 day moving average is $8.11 and its 200-day moving average is $8.43. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24. iRobot Co. has a 12 month low of $5.83 and a 12 month high of $32.00.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm 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 business’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.09) EPS. Equities analysts anticipate that iRobot Co. will post -5.74 EPS for the current year.

iRobot 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.