Insider Selling: iRobot Co. (NASDAQ:IRBT) Director Sells 170 Shares of Stock

iRobot Co. (NASDAQ:IRBT) Director Ruey Bin Kao sold 170 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $90.16, for a total transaction of $15,327.20. Following the sale, the director now owns 4,460 shares in the company, valued at approximately $402,113.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ IRBT opened at $90.29 on Friday. The company has a current ratio of 3.22, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average price is $89.92. The company has a market cap of $2.55 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.40 and a beta of 1.61. iRobot Co. has a 1 year low of $70.86 and a 1 year high of $132.88.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.16. The business had revenue of $237.66 million during the quarter, compared to the consensus estimate of $251.40 million. iRobot had a net margin of 8.09% and a return on equity of 17.64%. iRobot’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. As a group, sell-side analysts anticipate that iRobot Co. will post 3.16 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osborn Williams & Donohoe LLC bought a new stake in shares of iRobot during the 1st quarter worth $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in iRobot by 16.7% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 700 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 100 shares during the period. American Research & Management Co. bought a new stake in iRobot in the 1st quarter valued at $118,000. Lakeview Capital Partners LLC bought a new stake in iRobot in the 1st quarter valued at $202,000. Finally, First Republic Investment Management Inc. bought a new stake in iRobot in the 1st quarter valued at $223,000. 97.16% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. set a €8.75 ($10.17) price objective on shares of Commerzbank and gave the company a “buy” rating in a research note on Thursday, April 18th. Northland Securities reiterated a “buy” rating and issued a $130.00 price objective on shares of iRobot in a research note on Wednesday, April 24th. Finally, Needham & Company LLC set a $12.00 price objective on shares of Niu Technologies and gave the company a “buy” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $109.36.

iRobot Company Profile

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.

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Insider Buying and Selling by Quarter for iRobot (NASDAQ:IRBT)

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