Marathon Trading Investment Management LLC Makes New $117,000 Investment in iRobot Co. (NASDAQ:IRBT)

Marathon Trading Investment Management LLC purchased a new position in shares of iRobot Co. (NASDAQ:IRBT) in the 3rd quarter, Holdings Channel reports. The firm purchased 13,506 shares of the industrial products company’s stock, valued at approximately $117,000.

Several other hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of iRobot during the first quarter worth $77,000. BNP Paribas Financial Markets boosted its holdings in shares of iRobot by 101.6% during the first quarter. BNP Paribas Financial Markets now owns 35,985 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 18,133 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of iRobot by 130.4% during the first quarter. Russell Investments Group Ltd. now owns 48,870 shares of the industrial products company’s stock worth $428,000 after purchasing an additional 27,659 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of iRobot during the first quarter worth $4,083,000. Finally, AQR Capital Management LLC boosted its holdings in shares of iRobot by 185.4% during the second quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock worth $1,789,000 after purchasing an additional 127,602 shares during the last quarter. Hedge funds and other institutional investors own 77.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IRBT shares. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, November 7th. StockNews.com cut iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th.

iRobot Price Performance

Shares of iRobot stock opened at $6.21 on Monday. iRobot Co. has a twelve month low of $5.83 and a twelve month high of $42.14. The stock has a market capitalization of $189.78 million, a P/E ratio of -1.35 and a beta of 0.86. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. The business’s fifty day moving average price is $7.88 and its 200 day moving average price is $8.87.

iRobot (NASDAQ:IRBT) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The firm had revenue of $193.40 million for the quarter, compared to analysts’ expectations of $218.41 million. During the same quarter last year, the firm earned ($3.09) earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts anticipate that iRobot Co. will post -5.74 earnings per share for the current year.

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.