85,623 Shares in iRobot Corporation $IRBT Purchased by Nuveen LLC

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Two Sigma Investments LP increased 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 worth $5,083,000 after purchasing an additional 160,343 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of iRobot by 333.3% during the first quarter. Deutsche Bank AG now owns 305,679 shares of the industrial products company's stock worth $825,000 after buying an additional 235,133 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of iRobot by 317.2% during the first quarter. Private Advisor Group LLC now owns 462,880 shares of the industrial products company's stock worth $1,250,000 after buying an additional 351,925 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of iRobot in the fourth quarter valued at approximately $832,000. Finally, XTX Topco Ltd boosted its holdings in shares of iRobot by 230.5% in the 1st quarter. XTX Topco Ltd now owns 174,650 shares of the industrial products company's stock worth $472,000 after acquiring an additional 121,799 shares in the last quarter. Institutional investors and hedge funds own 77.42% of the company's stock.

iRobot Trading Up 6.5%

IRBT traded up $0.22 during mid-day trading on Thursday, reaching $3.63. The stock had a trading volume of 1,539,168 shares, compared to its average volume of 1,086,702. The stock has a market capitalization of $113.87 million, a P/E ratio of -0.58 and a beta of 0.90. iRobot Corporation has a 52 week low of $1.76 and a 52 week high of $13.06. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.34 and a current ratio of 0.54. The firm's fifty day simple moving average is $3.90 and its two-hundred day simple moving average is $3.53.

iRobot (NASDAQ:IRBT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter, beating 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. On average, equities analysts predict that iRobot Corporation will post -5.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IRBT shares. Wall Street Zen upgraded iRobot from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Needham & Company LLC restated a "hold" rating on shares of iRobot in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company 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.