Gilder Gagnon Howe & Co. LLC Sells 755,747 Shares of iRobot Co. (NASDAQ:IRBT)

Gilder Gagnon Howe & Co. LLC reduced its position in iRobot Co. (NASDAQ:IRBT) by 89.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,309 shares of the industrial products company’s stock after selling 755,747 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in iRobot were worth $5,323,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Mackenzie Financial Corp acquired a new position in iRobot during the second quarter valued at approximately $3,441,000. Maverick Capital Ltd. boosted its position in iRobot by 271.2% in the third quarter. Maverick Capital Ltd. now owns 72,986 shares of the industrial products company’s stock valued at $4,501,000 after buying an additional 53,326 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of iRobot during the third quarter worth $1,560,000. TimesSquare Capital Management LLC grew its stake in shares of iRobot by 36.7% during the third quarter. TimesSquare Capital Management LLC now owns 177,000 shares of the industrial products company’s stock worth $10,916,000 after buying an additional 47,500 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of iRobot by 0.8% during the third quarter. Rhumbline Advisers now owns 83,777 shares of the industrial products company’s stock worth $5,167,000 after buying an additional 650 shares in the last quarter.

Several equities research analysts recently weighed in on IRBT shares. ValuEngine raised iRobot from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their target price on iRobot from $69.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Northland Securities assumed coverage on iRobot in a research note on Friday, December 6th. They set a “buy” rating and a $81.00 price target on the stock. Sidoti raised iRobot from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Thursday, August 29th. Finally, Piper Jaffray Companies restated a “neutral” rating and set a $51.00 price target (down from $64.00) on shares of iRobot in a report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. iRobot presently has an average rating of “Hold” and an average target price of $72.99.

Shares of NASDAQ:IRBT opened at $45.71 on Wednesday. The firm has a market cap of $1.30 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 1.13 and a beta of 1.47. The firm’s fifty day moving average is $47.21 and its 200-day moving average is $67.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 2.98. iRobot Co. has a 52 week low of $42.41 and a 52 week high of $132.88.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.70. The company had revenue of $289.40 million for the quarter, compared to analysts’ expectations of $259.31 million. iRobot had a net margin of 7.72% and a return on equity of 15.85%. iRobot’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Sell-side analysts forecast that iRobot Co. will post 2.67 EPS for the current year.

iRobot 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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