Private Advisor Group LLC Has $1.25 Million Stock Holdings in iRobot Corporation (NASDAQ:IRBT)

Key Points

• Private Advisor Group LLC significantly increased its ownership in iRobot Corporation by 317.2% during the first quarter, bringing its total holdings to approximately 462,880 shares.
• Despite this surge in institutional investment, Wall Street Zen recently downgraded iRobot's stock rating from "hold" to "sell".
• iRobot's stock has seen significant volatility, with a 52-week low of $1.76 and a high of $13.45, but it opened at $4.88 on the most recent trading day.

Private Advisor Group LLC increased its holdings in iRobot Corporation (NASDAQ:IRBT - Free Report) by 317.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 462,880 shares of the industrial products company's stock after purchasing an additional 351,925 shares during the period. Private Advisor Group LLC owned approximately 1.49% of iRobot worth $1,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Federated Hermes Inc. grew its position in iRobot by 41.8% during the 4th quarter. Federated Hermes Inc. now owns 1,003,473 shares of the industrial products company's stock worth $7,777,000 after acquiring an additional 295,997 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of iRobot by 44.8% in the fourth quarter. Renaissance Technologies LLC now owns 575,176 shares of the industrial products company's stock valued at $4,458,000 after purchasing an additional 177,876 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of iRobot by 32.4% in the fourth 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. Jacobs Levy Equity Management Inc. boosted its stake in iRobot by 16.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 840,874 shares of the industrial products company's stock valued at $6,517,000 after acquiring an additional 120,234 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in iRobot in the fourth quarter valued at approximately $832,000. 77.42% of the stock is owned by institutional investors and hedge funds.

iRobot Stock Performance

Shares of iRobot stock traded down $0.25 during trading on Friday, hitting $4.88. 1,784,105 shares of the stock were exchanged, compared to its average volume of 2,573,706. The stock has a market capitalization of $151.77 million, a price-to-earnings ratio of -0.61 and a beta of 0.83. The company has a fifty day moving average price of $3.60 and a 200-day moving average price of $4.63. iRobot Corporation has a 1-year low of $1.76 and a 1-year high of $13.45. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 3.28.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of iRobot from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th.

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.