Kingswood Wealth Advisors LLC Boosts Stock Position in iRobot Co. (NASDAQ:IRBT)

Kingswood Wealth Advisors LLC grew its holdings in iRobot Co. (NASDAQ:IRBT) by 54.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,179 shares of the industrial products company’s stock after buying an additional 4,649 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iRobot were worth $510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Coppell Advisory Solutions LLC purchased a new stake in shares of iRobot during the second quarter worth approximately $26,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of iRobot during the fourth quarter worth approximately $28,000. Money Concepts Capital Corp increased its position in shares of iRobot by 3,472.2% during the fourth quarter. Money Concepts Capital Corp now owns 643 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 625 shares in the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of iRobot during the second quarter worth approximately $32,000. Finally, Fairfield Bush & CO. purchased a new stake in iRobot in the 2nd quarter valued at $63,000. 77.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Colin M. Angle sold 179,503 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $11.46, for a total transaction of $2,057,104.38. Following the transaction, the director now owns 14,797 shares of the company’s stock, valued at approximately $169,573.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.86% of the stock is owned by corporate insiders.

iRobot Stock Performance

Shares of iRobot stock opened at $8.59 on Thursday. iRobot Co. has a 52 week low of $7.82 and a 52 week high of $51.49. The business’s fifty day simple moving average is $12.27 and its 200-day simple moving average is $27.43. The firm has a market cap of $240.26 million, a PE ratio of -0.78 and a beta of 0.93. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 1.03.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Monday, February 26th. The industrial products company reported ($2.18) EPS for the quarter. iRobot had a negative net margin of 34.22% and a negative return on equity of 84.78%. The business had revenue of $307.54 million during the quarter. Equities analysts forecast that iRobot Co. will post -4.95 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on IRBT. StockNews.com upgraded iRobot from a “sell” rating to a “hold” rating in a report on Friday, January 12th. Citigroup dropped their target price on iRobot from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, March 4th.

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.