Quest Partners LLC Sells 5,882 Shares of iRobot Co. (NASDAQ:IRBT)

Quest Partners LLC decreased its stake in shares of iRobot Co. (NASDAQ:IRBT) by 41.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,261 shares of the industrial products company’s stock after selling 5,882 shares during the period. Quest Partners LLC’s holdings in iRobot were worth $75,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IRBT. CWM LLC lifted its stake in shares of iRobot by 474.6% in the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 2,278 shares during the period. Nisa Investment Advisors LLC grew its position in shares of iRobot by 1,167.8% during the second quarter. Nisa Investment Advisors LLC now owns 4,653 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 4,286 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in iRobot in the 1st quarter worth approximately $77,000. State Board of Administration of Florida Retirement System grew its stake in iRobot by 14.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 9,000 shares of the industrial products company’s stock valued at $79,000 after acquiring an additional 1,130 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of iRobot by 1,224.5% in the first quarter. Public Employees Retirement System of Ohio now owns 14,715 shares of the industrial products company’s stock worth $129,000 after buying an additional 13,604 shares in the last quarter. Hedge funds and other institutional investors own 77.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IRBT shares. StockNews.com upgraded iRobot from a “sell” rating to a “hold” rating in a research report on Monday. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, August 8th.

iRobot Price Performance

iRobot stock opened at $7.35 on Wednesday. iRobot Co. has a 12-month low of $5.83 and a 12-month high of $42.14. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average price of $8.81 and a 200-day moving average price of $9.09. The firm has a market capitalization of $211.36 million, a PE ratio of -0.94 and a beta of 0.84.

iRobot (NASDAQ:IRBT) last announced its earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.77) by ($0.19). iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The business had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $168.73 million. During the same quarter last year, the firm earned ($1.73) EPS. The firm’s quarterly revenue was down 29.7% on a year-over-year basis. As a group, equities research analysts forecast that iRobot Co. will post -4.43 EPS for the current year.

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.