Nomura Holdings Inc. increased its holdings in shares of iRobot Co. (NASDAQ:IRBT – Get Rating) by 54.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,100 shares of the industrial products company’s stock after acquiring an additional 4,960 shares during the period. Nomura Holdings Inc. owned approximately 0.05% of iRobot worth $794,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Longfellow Investment Management Co. LLC acquired a new stake in iRobot in the 3rd quarter worth about $67,000. Point72 Hong Kong Ltd boosted its holdings in iRobot by 124.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,052 shares of the industrial products company’s stock worth $75,000 after buying an additional 1,138 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in iRobot in the 3rd quarter worth about $120,000. Captrust Financial Advisors boosted its holdings in iRobot by 63.7% in the 1st quarter. Captrust Financial Advisors now owns 2,839 shares of the industrial products company’s stock worth $180,000 after buying an additional 1,105 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in iRobot by 40.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,991 shares of the industrial products company’s stock worth $168,000 after buying an additional 868 shares during the last quarter. 84.03% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on iRobot in a report on Friday. They set a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $63.67.
iRobot Stock Performance
Shares of iRobot stock opened at $43.93 on Monday. The stock’s 50 day simple moving average is $44.52 and its 200-day simple moving average is $50.92. iRobot Co. has a 1-year low of $35.41 and a 1-year high of $69.55.
iRobot (NASDAQ:IRBT – Get Rating) last issued its earnings results on Monday, February 13th. The industrial products company reported ($1.52) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($1.56). The company had revenue of $357.90 million for the quarter, compared to analyst estimates of $379.14 million. iRobot had a negative return on equity of 24.59% and a negative net margin of 24.19%. The company’s revenue for the quarter was down 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.21) earnings per share. On average, equities analysts expect that iRobot Co. will post -1.57 EPS for the current year.
iRobot Profile
iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums and maps, and pool cleaners. It operates through Domestic and International segments. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.