GABELLI & Co INVESTMENT ADVISERS INC. Makes New Investment in iRobot Co. (NASDAQ:IRBT)

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of iRobot Co. (NASDAQ:IRBT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 75,500 shares of the industrial products company’s stock, valued at approximately $585,000. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.25% of iRobot at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in iRobot by 2,712.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock worth $3,480,000 after acquiring an additional 386,189 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of iRobot by 41.8% in the fourth quarter. Federated Hermes Inc. now owns 1,003,473 shares of the industrial products company’s stock worth $7,777,000 after purchasing an additional 295,997 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of iRobot by 44.8% in the fourth quarter. Renaissance Technologies LLC now owns 575,176 shares of the industrial products company’s stock worth $4,458,000 after buying an additional 177,876 shares during the period. XTX Topco Ltd bought a new stake in iRobot during the 4th quarter valued at $410,000. Finally, Quinn Opportunity Partners LLC purchased a new stake in iRobot during the 4th quarter valued at $363,000. 77.42% of the stock is currently owned by institutional investors.

iRobot Stock Performance

Shares of IRBT stock opened at $1.83 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24. The stock has a fifty day moving average of $5.23 and a 200 day moving average of $7.18. The firm has a market capitalization of $56.76 million, a price-to-earnings ratio of -0.40 and a beta of 1.14. iRobot Co. has a 52 week low of $1.71 and a 52 week high of $14.51.

Wall Street Analyst Weigh In

IRBT has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research note on Thursday, March 13th. StockNews.com lowered iRobot from a “hold” rating to a “sell” rating in a research report on Saturday, March 29th.

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.