Norges Bank Invests $6.62 Million in iRobot Co. (NASDAQ:IRBT)

Norges Bank bought a new position in shares of iRobot Co. (NASDAQ:IRBTFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 171,125 shares of the industrial products company’s stock, valued at approximately $6,623,000. Norges Bank owned approximately 0.61% of iRobot as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of IRBT. Vanguard Group Inc. increased its position in shares of iRobot by 0.7% in the third quarter. Vanguard Group Inc. now owns 2,952,921 shares of the industrial products company’s stock worth $111,916,000 after purchasing an additional 19,910 shares during the period. Segantii Capital Management Ltd increased its position in shares of iRobot by 52.1% in the fourth quarter. Segantii Capital Management Ltd now owns 684,397 shares of the industrial products company’s stock worth $26,486,000 after purchasing an additional 234,397 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of iRobot by 9.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 495,151 shares of the industrial products company’s stock worth $19,162,000 after purchasing an additional 43,131 shares during the period. One Fin Capital Management LP increased its position in shares of iRobot by 21.9% in the third quarter. One Fin Capital Management LP now owns 362,000 shares of the industrial products company’s stock worth $13,720,000 after purchasing an additional 65,000 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of iRobot by 0.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 314,696 shares of the industrial products company’s stock worth $12,179,000 after purchasing an additional 2,735 shares during the period. Institutional investors and hedge funds own 77.42% of the company’s stock.

iRobot Stock Performance

iRobot stock opened at $9.99 on Friday. iRobot Co. has a 12-month low of $6.48 and a 12-month high of $51.49. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The business’s 50-day moving average price is $9.23 and its two-hundred day moving average price is $18.31. The stock has a market cap of $287.31 million, a PE ratio of -1.29 and a beta of 0.91.

iRobot (NASDAQ:IRBTGet Free Report) last released its earnings results on Tuesday, May 7th. The industrial products company reported ($1.75) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.39) by $0.64. iRobot had a negative return on equity of 99.56% and a negative net margin of 24.42%. The firm had revenue of $150.01 million for the quarter, compared to analysts’ expectations of $139.45 million. As a group, analysts expect that iRobot Co. will post -4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on IRBT shares. Needham & Company LLC upgraded iRobot to a “hold” rating in a research report on Thursday, May 9th. Citigroup decreased their price target on iRobot from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th.

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About iRobot

(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.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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