Andrew Miller Sells 1,046 Shares of iRobot Co. (NASDAQ:IRBT) Stock

iRobot Co. (NASDAQ:IRBT) Director Andrew Miller sold 1,046 shares of the firm’s stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $97.48, for a total value of $101,964.08. Following the completion of the sale, the director now owns 5,339 shares in the company, valued at $520,445.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NASDAQ IRBT opened at $94.99 on Friday. The firm has a market cap of $2.67 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 3.32 and a beta of 1.28. The stock has a fifty day moving average of $104.67. iRobot Co. has a 52-week low of $67.55 and a 52-week high of $197.40.

iRobot (NASDAQ:IRBT) last issued its earnings results on Sunday, May 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.32. The business had revenue of $303.26 million for the quarter, compared to analysts’ expectations of $268.04 million. iRobot had a return on equity of 14.94% and a net margin of 11.20%. The company’s quarterly revenue was up 57.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.32) EPS. As a group, equities research analysts forecast that iRobot Co. will post 2.23 earnings per share for the current fiscal year.

IRBT has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded iRobot from a “neutral” rating to an “overweight” rating and raised their target price for the company from $101.00 to $166.00 in a research report on Thursday, February 11th. Zacks Investment Research cut iRobot from a “hold” rating to a “sell” rating and set a $103.00 price target on the stock. in a research report on Friday, May 7th. Northland Securities lowered their price target on iRobot from $140.00 to $130.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 5th. Finally, Citigroup lifted their price target on iRobot from $95.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $111.71.

Several institutional investors have recently modified their holdings of IRBT. Eudaimonia Partners LLC acquired a new stake in shares of iRobot in the first quarter worth $36,000. Optimum Investment Advisors acquired a new stake in shares of iRobot in the first quarter worth $37,000. CWM LLC boosted its position in shares of iRobot by 82.4% in the first quarter. CWM LLC now owns 332 shares of the industrial products company’s stock worth $41,000 after buying an additional 150 shares during the period. Hudock Inc. boosted its position in shares of iRobot by 5,146.2% in the fourth quarter. Hudock Inc. now owns 682 shares of the industrial products company’s stock worth $54,000 after buying an additional 669 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of iRobot by 211.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the industrial products company’s stock worth $63,000 after buying an additional 529 shares during the period. 87.05% of the stock is owned by institutional investors and hedge funds.

About iRobot

iRobot Corporation designs, builds, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Root robots to help children learn how to code. The company sells its products through distributor and retail sales channels, as well as through online stores and resellers.

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