Verition Fund Management LLC Makes New Investment in iRobot Co. (NASDAQ:IRBT)

Verition Fund Management LLC acquired a new stake in iRobot Co. (NASDAQ:IRBT - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 179,023 shares of the industrial products company's stock, valued at approximately $1,556,000. Verition Fund Management LLC owned 0.59% of iRobot at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IRBT. CWM LLC increased its holdings in shares of iRobot by 474.6% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company's stock worth $25,000 after buying an additional 2,278 shares in the last quarter. nVerses Capital LLC bought a new stake in iRobot during the 3rd quarter worth approximately $39,000. Nisa Investment Advisors LLC increased its holdings in iRobot by 1,167.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,653 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 4,286 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in iRobot in the 2nd quarter valued at $61,000. Finally, Sunbelt Securities Inc. boosted its stake in iRobot by 72.6% in the second quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company's stock worth $69,000 after purchasing an additional 3,175 shares in the last quarter. 77.42% of the stock is owned by institutional investors and hedge funds.

iRobot Trading Up 4.1 %

Shares of NASDAQ:IRBT traded up $0.35 during midday trading on Friday, hitting $8.94. The company had a trading volume of 1,125,715 shares, compared to its average volume of 1,352,963. The firm has a fifty day simple moving average of $7.94 and a 200 day simple moving average of $8.55. The stock has a market cap of $273.20 million, a price-to-earnings ratio of -1.94 and a beta of 0.83. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. iRobot Co. has a 12 month low of $5.83 and a 12 month high of $39.99.

iRobot (NASDAQ:IRBT - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.09. The firm had revenue of $193.40 million during the quarter, compared to analysts' expectations of $218.41 million. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($3.09) earnings per share. On average, analysts predict that iRobot Co. will post -5.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on IRBT shares. StockNews.com lowered shares of iRobot from a "hold" rating to a "sell" rating in a report on Sunday, October 27th. Needham & Company LLC reissued a "hold" rating on shares of iRobot in a research note on Thursday, November 7th.

iRobot 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.