iRobot Co. (IRBT) Stake Boosted by Spark Investment Management LLC

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Spark Investment Management LLC grew its stake in shares of iRobot Co. (NASDAQ:IRBT) by 159.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,100 shares of the industrial products company’s stock after acquiring an additional 151,700 shares during the quarter. iRobot comprises approximately 1.3% of Spark Investment Management LLC’s investment portfolio, making the stock its 5th largest holding. Spark Investment Management LLC’s holdings in iRobot were worth $29,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of IRBT. Man Group plc purchased a new stake in shares of iRobot during the 3rd quarter valued at about $547,000. State of Alaska Department of Revenue raised its holdings in shares of iRobot by 4.3% in the 4th quarter. State of Alaska Department of Revenue now owns 9,253 shares of the industrial products company’s stock worth $774,000 after buying an additional 379 shares in the last quarter. Juncture Wealth Strategies LLC acquired a new position in shares of iRobot in the 4th quarter worth approximately $473,000. Gagnon Securities LLC acquired a new position in shares of iRobot in the 4th quarter worth approximately $3,415,000. Finally, Bank of Montreal Can raised its holdings in shares of iRobot by 25.2% in the 4th quarter. Bank of Montreal Can now owns 1,852 shares of the industrial products company’s stock worth $155,000 after buying an additional 373 shares in the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Shares of IRBT stock traded down $2.37 during mid-day trading on Friday, reaching $91.34. The stock had a trading volume of 2,411 shares, compared to its average volume of 1,379,283. iRobot Co. has a 52-week low of $61.39 and a 52-week high of $132.88. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.10 and a beta of 1.63. The company has a current ratio of 3.22, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.16. iRobot had a net margin of 8.09% and a return on equity of 17.64%. The firm had revenue of $237.66 million for the quarter, compared to analysts’ expectations of $251.40 million. During the same quarter in the previous year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts predict that iRobot Co. will post 4.12 EPS for the current year.

In other iRobot news, CFO Alison Dean sold 23,625 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $126.12, for a total value of $2,979,585.00. Following the completion of the transaction, the chief financial officer now directly owns 68,765 shares in the company, valued at $8,672,641.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michelle Stacy sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $124.00, for a total transaction of $186,000.00. Following the transaction, the director now owns 9,652 shares of the company’s stock, valued at approximately $1,196,848. The disclosure for this sale can be found here. Insiders have sold a total of 90,402 shares of company stock worth $11,198,097 in the last ninety days. Insiders own 3.01% of the company’s stock.

A number of equities research analysts recently weighed in on IRBT shares. Northland Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of iRobot in a report on Tuesday, April 9th. ValuEngine raised iRobot from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. BidaskClub upgraded iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Needham & Company LLC downgraded shares of iRobot from a “buy” rating to a “hold” rating and set a $126.87 price objective for the company. in a research report on Tuesday, March 19th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies boosted their price objective on shares of iRobot from $82.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, February 7th. Eight research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $114.12.

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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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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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