NEXT Financial Group Inc Has $310,000 Holdings in iRobot Co. (IRBT)

NEXT Financial Group Inc raised its position in shares of iRobot Co. (NASDAQ:IRBT) by 234.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,696 shares of the industrial products company’s stock after purchasing an additional 2,592 shares during the quarter. NEXT Financial Group Inc’s holdings in iRobot were worth $310,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in IRBT. North Star Investment Management Corp. bought a new stake in iRobot during the 4th quarter valued at about $25,000. Capital Investment Advisory Services LLC bought a new stake in iRobot during the 4th quarter valued at about $39,000. Bruderman Asset Management LLC bought a new stake in iRobot during the 4th quarter valued at about $58,000. Optimum Investment Advisors increased its stake in iRobot by 225.0% during the 4th quarter. Optimum Investment Advisors now owns 1,000 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in iRobot during the 3rd quarter valued at about $127,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

In other news, Director Michelle Stacy sold 1,500 shares of iRobot stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $124.00, for a total value of $186,000.00. Following the completion of the sale, the director now directly owns 9,652 shares in the company, valued at $1,196,848. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Miller sold 441 shares of iRobot stock in a transaction that occurred on Monday, December 10th. The stock was sold at an average price of $90.53, for a total transaction of $39,923.73. Following the completion of the sale, the director now owns 5,461 shares of the company’s stock, valued at $494,384.33. The disclosure for this sale can be found here. Insiders sold 62,375 shares of company stock valued at $5,473,510 over the last quarter. Company insiders own 3.51% of the company’s stock.

A number of research firms have weighed in on IRBT. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Monday, January 7th. BidaskClub upgraded shares of iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Canaccord Genuity lowered shares of iRobot from a “buy” rating to a “hold” rating and reduced their price objective for the company from $115.00 to $114.00 in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Sidoti lowered shares of iRobot from a “buy” rating to a “neutral” rating and set a $118.00 price objective for the company. in a research note on Thursday, February 21st. They noted that the move was a valuation call. Finally, Piper Jaffray Companies raised their price objective on shares of iRobot from $82.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, February 7th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. iRobot currently has an average rating of “Buy” and a consensus target price of $96.33.

Shares of IRBT stock opened at $129.56 on Friday. iRobot Co. has a 52 week low of $56.61 and a 52 week high of $129.96. The company has a market capitalization of $3.35 billion, a PE ratio of 40.30, a P/E/G ratio of 1.89 and a beta of 1.69.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Wednesday, February 6th. The industrial products company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.33. iRobot had a net margin of 8.05% and a return on equity of 17.14%. The firm had revenue of $384.67 million during the quarter, compared to analyst estimates of $381.87 million. During the same period in the previous year, the business posted $0.16 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, research analysts anticipate that iRobot Co. will post 3.1 EPS for the current fiscal year.

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iRobot Company Profile

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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