iRobot Co. (NASDAQ:IRBT) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC cut its stake in iRobot Co. (NASDAQ:IRBT) by 23.9% in the second quarter, Holdings Channel reports. The firm owned 23,500 shares of the industrial products company’s stock after selling 7,400 shares during the period. Gabelli Funds LLC’s holdings in iRobot were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. CWM LLC increased its stake in shares of iRobot by 474.6% in the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 2,278 shares during the period. Nisa Investment Advisors LLC grew its position in iRobot by 1,167.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,653 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 4,286 shares during the period. Daiwa Securities Group Inc. acquired a new stake in iRobot during the 2nd quarter worth about $61,000. Allspring Global Investments Holdings LLC purchased a new position in shares of iRobot during the 1st quarter valued at about $77,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of iRobot by 14.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,000 shares of the industrial products company’s stock valued at $79,000 after buying an additional 1,130 shares during the period. Hedge funds and other institutional investors own 77.42% of the company’s stock.

iRobot Stock Up 5.7 %

Shares of IRBT opened at $8.56 on Friday. The stock has a 50 day moving average price of $8.39 and a 200 day moving average price of $8.93. iRobot Co. has a one year low of $5.83 and a one year high of $42.14. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.53. The stock has a market capitalization of $246.16 million, a price-to-earnings ratio of -1.10 and a beta of 0.84.

iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.77) by ($0.19). iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. The business had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $168.73 million. During the same period last year, the business earned ($1.73) earnings per share. The company’s revenue for the quarter was down 29.7% compared to the same quarter last year. Equities research analysts forecast that iRobot Co. will post -4.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on IRBT shares. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research note on Thursday, August 8th. StockNews.com downgraded shares of iRobot from a “hold” rating to a “sell” rating in a report on Tuesday.

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.