LLBH Private Wealth Management LLC Has $279,000 Stock Holdings in iRobot Co. (NASDAQ:IRBT)

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LLBH Private Wealth Management LLC cut its position in iRobot Co. (NASDAQ:IRBT) by 80.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 611 shares of the industrial products company’s stock after selling 2,438 shares during the period. LLBH Private Wealth Management LLC’s holdings in iRobot were worth $279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IRBT. Coastal Capital Group Inc. bought a new position in iRobot in the 2nd quarter valued at about $28,000. Osborn Williams & Donohoe LLC bought a new position in iRobot in the 1st quarter valued at about $29,000. Patriot Financial Group Insurance Agency LLC lifted its position in iRobot by 85.1% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 435 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 200 shares in the last quarter. Lakeview Capital Partners LLC bought a new position in iRobot in the 1st quarter valued at about $202,000. Finally, First Republic Investment Management Inc. bought a new position in iRobot in the 1st quarter valued at about $223,000. Institutional investors own 97.16% of the company’s stock.

Several equities analysts recently weighed in on the stock. Northland Securities reaffirmed a “buy” rating and issued a $105.00 price target on shares of iRobot in a research report on Thursday, July 25th. Canaccord Genuity dropped their price target 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 cut shares of iRobot from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research cut shares of iRobot from a “hold” rating to a “sell” rating and set a $95.00 price target on the stock. in a research report on Wednesday, June 26th. Finally, Piper Jaffray Companies dropped their price target 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $94.36.

iRobot stock traded down $0.56 during mid-day trading on Tuesday, reaching $61.10. The company’s stock had a trading volume of 12,483 shares, compared to its average volume of 885,324. iRobot Co. has a 12-month low of $60.93 and a 12-month high of $132.88. The company has a market capitalization of $1.78 billion, a P/E ratio of 14.00, a PEG ratio of 1.55 and a beta of 1.53. 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’s fifty day moving average price is $75.48 and its two-hundred day moving average price is $99.47.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.22. The business had revenue of $260.17 million during the quarter, compared to analyst estimates of $267.96 million. iRobot had a net margin of 7.57% and a return on equity of 16.06%. iRobot’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. On average, research analysts predict that iRobot Co. will post 2.73 EPS for the current fiscal year.

In other news, EVP Russell J. Campanello sold 11,159 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $95.00, for a total transaction of $1,060,105.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at approximately $2,735,145. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Miller sold 878 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $91.97, for a total transaction of $80,749.66. Following the transaction, the director now owns 14,199 shares of the company’s stock, valued at $1,305,882.03. The disclosure for this sale can be found here. Insiders have sold a total of 23,693 shares of company stock valued at $2,156,268 over the last 90 days. Company insiders own 3.01% of the company’s stock.

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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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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