Bank of New York Mellon Corp Sells 5,467 Shares of iRobot Co. (NASDAQ:IRBT)

Bank of New York Mellon Corp decreased its stake in shares of iRobot Co. (NASDAQ:IRBTFree Report) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 259,638 shares of the industrial products company’s stock after selling 5,467 shares during the period. Bank of New York Mellon Corp owned about 0.94% of iRobot worth $11,749,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. purchased a new stake in iRobot during the fourth quarter valued at $28,000. Money Concepts Capital Corp grew its position in iRobot by 3,472.2% during the fourth quarter. Money Concepts Capital Corp now owns 643 shares of the industrial products company’s stock valued at $31,000 after buying an additional 625 shares during the period. FMR LLC grew its position in iRobot by 39.7% during the first quarter. FMR LLC now owns 1,472 shares of the industrial products company’s stock valued at $64,000 after buying an additional 418 shares during the period. US Bancorp DE grew its position in iRobot by 57.3% during the first quarter. US Bancorp DE now owns 1,553 shares of the industrial products company’s stock valued at $68,000 after buying an additional 566 shares during the period. Finally, Point72 Hong Kong Ltd grew its position in iRobot by 124.5% during the second quarter. Point72 Hong Kong Ltd now owns 2,052 shares of the industrial products company’s stock valued at $75,000 after buying an additional 1,138 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

iRobot Price Performance

NASDAQ IRBT opened at $30.48 on Friday. iRobot Co. has a 12 month low of $28.23 and a 12 month high of $53.25. The stock has a market cap of $849.36 million, a price-to-earnings ratio of -2.58 and a beta of 1.04. The company’s 50 day moving average is $35.24 and its two-hundred day moving average is $38.54. The company has a current ratio of 1.71, a quick ratio of 0.96 and a debt-to-equity ratio of 0.81.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Citigroup lowered their target price on iRobot from $61.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, July 27th. StockNews.com assumed coverage on iRobot in a research report on Thursday, October 5th. They set a “hold” rating on the stock.

View Our Latest Report on iRobot

iRobot Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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