Nuveen LLC Takes Position in iRobot Corporation $IRBT

Key Points

• Nuveen LLC acquired a new stake in iRobot Corporation, purchasing 85,623 shares valued at approximately $231,000, representing about 0.28% of the company's total shares.
• iRobot recently reported a loss of ($0.27) earnings per share for the quarter, exceeding analysts' expectations while generating revenue of $127.60 million.
• Wall Street analysts have upgraded iRobot's rating from "sell" to "hold," indicating a cautious but positive outlook for the company's stock amid ongoing investor interest.

Nuveen LLC acquired a new stake in shares of iRobot Corporation (NASDAQ:IRBT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 85,623 shares of the industrial products company's stock, valued at approximately $231,000. Nuveen LLC owned approximately 0.28% of iRobot as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its holdings in shares of iRobot by 2,194.9% during the first quarter. CWM LLC now owns 11,314 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 10,821 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of iRobot during the first quarter valued at approximately $42,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of iRobot during the first quarter valued at approximately $69,000. Sherbrooke Park Advisers LLC bought a new stake in shares of iRobot during the fourth quarter valued at approximately $118,000. Finally, Wells Fargo & Company MN increased its holdings in shares of iRobot by 32.7% during the fourth quarter. Wells Fargo & Company MN now owns 18,448 shares of the industrial products company's stock valued at $143,000 after acquiring an additional 4,543 shares in the last quarter. Institutional investors own 77.42% of the company's stock.

iRobot Stock Up 3.2%

IRBT stock opened at $3.24 on Friday. The stock's fifty day simple moving average is $3.88 and its two-hundred day simple moving average is $3.64. The company has a current ratio of 0.54, a quick ratio of 0.34 and a debt-to-equity ratio of 3.28. iRobot Corporation has a 1-year low of $1.76 and a 1-year high of $13.06. The stock has a market cap of $101.64 million, a P/E ratio of -0.52 and a beta of 0.90.

iRobot (NASDAQ:IRBT - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.27) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $127.60 million for the quarter, compared to analysts' expectations of $125.00 million. Analysts expect that iRobot Corporation will post -5.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded iRobot from a "sell" rating to a "hold" rating in a report on Friday. Needham & Company LLC reiterated a "hold" rating on shares of iRobot in a report on Thursday, August 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold".

About iRobot

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.

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