iRobot Co. (NASDAQ:IRBT) Director Mohamad Ali Sells 780 Shares of Stock

iRobot Co. (NASDAQ:IRBT) Director Mohamad Ali sold 780 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $61.11, for a total transaction of $47,665.80. Following the transaction, the director now owns 12,634 shares in the company, valued at approximately $772,063.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of iRobot stock traded down $0.81 on Friday, reaching $62.14. 380,264 shares of the stock were exchanged, compared to its average volume of 832,226. The firm’s 50 day moving average is $69.03 and its 200-day moving average is $96.76. iRobot Co. has a one year low of $58.90 and a one year high of $132.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.90 and a current ratio of 3.15. The firm has a market cap of $1.77 billion, a PE ratio of 14.25, a P/E/G ratio of 1.54 and a beta of 1.61.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.22. iRobot had a net margin of 7.57% and a return on equity of 16.06%. The company had revenue of $260.17 million during the quarter, compared to the consensus estimate of $267.96 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. On average, equities research analysts expect that iRobot Co. will post 2.73 EPS for the current fiscal year.

IRBT has been the topic of a number of analyst reports. Piper Jaffray Companies decreased their target price on shares of iRobot from $96.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Canaccord Genuity decreased their target price on shares of iRobot from $114.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. BidaskClub lowered shares of iRobot from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Dougherty & Co restated a “neutral” rating on shares of iRobot in a research report on Thursday, July 25th. Finally, Northland Securities restated a “buy” rating and set a $105.00 target price on shares of iRobot in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. iRobot has a consensus rating of “Hold” and an average target price of $94.36.

Several institutional investors have recently modified their holdings of IRBT. Coastal Capital Group Inc. bought a new stake in shares of iRobot during the 2nd quarter worth approximately $28,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of iRobot by 85.1% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 435 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 200 shares during the period. Captrust Financial Advisors lifted its holdings in shares of iRobot by 66.7% during the 2nd quarter. Captrust Financial Advisors now owns 500 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 200 shares during the period. Lakeview Capital Partners LLC bought a new position in iRobot in the 1st quarter valued at approximately $202,000. Finally, First Republic Investment Management Inc. bought a new position in iRobot in the 1st quarter valued at approximately $223,000. 97.16% of the stock is owned by institutional investors.

About iRobot

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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