Quest Partners LLC Sells 5,882 Shares of iRobot Co. (NASDAQ:IRBT)

Quest Partners LLC lessened its stake in shares of iRobot Co. (NASDAQ:IRBT) by 41.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,261 shares of the industrial products company’s stock after selling 5,882 shares during the period. Quest Partners LLC’s holdings in iRobot were worth $75,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC raised its position in iRobot by 474.6% during the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 2,278 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of iRobot by 1,167.8% during the second quarter. Nisa Investment Advisors LLC now owns 4,653 shares of the industrial products company’s stock valued at $42,000 after buying an additional 4,286 shares during the period. Victory Capital Management Inc. bought a new stake in shares of iRobot in the fourth quarter valued at about $220,000. Allspring Global Investments Holdings LLC purchased a new stake in iRobot in the first quarter worth about $77,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in iRobot by 14.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,000 shares of the industrial products company’s stock worth $79,000 after acquiring an additional 1,130 shares in the last quarter. Institutional investors own 77.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, August 8th. StockNews.com raised shares of iRobot from a “sell” rating to a “hold” rating in a research note on Monday.

iRobot Price Performance

IRBT opened at $7.35 on Wednesday. The firm has a market capitalization of $211.36 million, a PE ratio of -0.94 and a beta of 0.84. The business’s 50-day moving average is $8.81 and its two-hundred day moving average is $9.09. iRobot Co. has a 1 year low of $5.83 and a 1 year high of $42.14. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.53 and a quick ratio of 1.08.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported ($1.96) EPS for the quarter, missing the consensus estimate of ($1.77) by ($0.19). The firm had revenue of $166.40 million for the quarter, compared to the consensus estimate of $168.73 million. iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. The company’s revenue was down 29.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.73) EPS. Research analysts anticipate that iRobot Co. will post -4.43 earnings per share for the current fiscal year.

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.