Goldman Sachs Group Inc. Raises Position in iRobot Corporation $IRBT

Key Points

• Goldman Sachs Group Inc. increased its stake in iRobot Corporation by 26.0% during the first quarter, owning 520,039 shares valued at approximately $1.4 million by the end of the reporting period.
• iRobot's recent earnings report revealed a loss of ($0.27) per share, which was better than analysts' expectation of ($0.91), while revenue for the quarter reached $127.60 million.
• Several institutional investors, including NewEdge Advisors LLC and AQR Capital Management, have significantly increased their stakes in iRobot, indicating growing investor interest.

Goldman Sachs Group Inc. raised its stake in iRobot Corporation (NASDAQ:IRBT - Free Report) by 26.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 520,039 shares of the industrial products company's stock after buying an additional 107,257 shares during the period. Goldman Sachs Group Inc. owned about 1.67% of iRobot worth $1,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IRBT. Northern Trust Corp boosted its position in shares of iRobot by 9.0% during the 4th quarter. Northern Trust Corp now owns 270,969 shares of the industrial products company's stock valued at $2,100,000 after purchasing an additional 22,486 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of iRobot by 32.4% during the 4th quarter. Two Sigma Investments LP now owns 655,881 shares of the industrial products company's stock valued at $5,083,000 after purchasing an additional 160,343 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of iRobot by 17.3% during the 4th quarter. Two Sigma Advisers LP now owns 578,100 shares of the industrial products company's stock valued at $4,480,000 after purchasing an additional 85,200 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of iRobot during the 4th quarter valued at about $832,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of iRobot by 1.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 71,944 shares of the industrial products company's stock valued at $558,000 after purchasing an additional 965 shares in the last quarter. Institutional investors own 77.42% of the company's stock.

iRobot Stock Performance

Shares of iRobot stock traded down $0.28 during trading hours on Tuesday, reaching $3.97. The company had a trading volume of 721,377 shares, compared to its average volume of 2,240,787. iRobot Corporation has a one year low of $1.76 and a one year high of $13.06. The business has a fifty day simple moving average of $3.91 and a 200 day simple moving average of $3.33. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.54 and a quick ratio of 0.34. The firm has a market cap of $124.38 million, a PE ratio of -0.63 and a beta of 0.90.

iRobot (NASDAQ:IRBT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.91) by $0.64. iRobot had a negative return on equity of 296.63% and a negative net margin of 32.55%.The firm had revenue of $127.60 million during the quarter, compared to analyst estimates of $125.00 million. On average, analysts anticipate that iRobot Corporation will post -5.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on IRBT. Wall Street Zen upgraded iRobot from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Needham & Company LLC reaffirmed a "hold" rating on shares of iRobot in a report on Thursday, August 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat, iRobot currently has a consensus rating of "Hold".

iRobot Company Profile

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.