Shares of Perceptron, Inc. (NASDAQ:PRCP) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $10.00 for the company and are anticipating that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also given Perceptron an industry rank of 106 out of 256 based on the ratings given to its competitors.
Several research analysts have weighed in on PRCP shares. ValuEngine cut shares of Perceptron from a “sell” rating to a “strong sell” rating in a report on Friday, May 10th. Zacks Investment Research raised shares of Perceptron from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 16th. B. Riley set a $10.00 target price on shares of Perceptron and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, TheStreet cut shares of Perceptron from a “c” rating to a “d+” rating in a report on Thursday, June 13th.Perceptron stock opened at $4.49 on Thursday. The stock has a market cap of $42.87 million, a P/E ratio of 11.51 and a beta of 0.98. Perceptron has a twelve month low of $3.56 and a twelve month high of $11.25. The company’s 50-day moving average price is $4.33 and its two-hundred day moving average price is $5.85.
In other news, Director John F. Bryant acquired 482,991 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average cost of $4.75 per share, with a total value of $2,294,207.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 489,991 shares of company stock worth $2,325,227 over the last ninety days. Insiders own 12.51% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in Perceptron by 2.3% in the second quarter. Renaissance Technologies LLC now owns 613,130 shares of the scientific and technical instruments company’s stock valued at $2,728,000 after acquiring an additional 13,531 shares during the last quarter. Punch & Associates Investment Management Inc. increased its stake in Perceptron by 3.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 585,644 shares of the scientific and technical instruments company’s stock valued at $4,392,000 after acquiring an additional 19,060 shares during the last quarter. Quantum Capital Management increased its stake in Perceptron by 3.1% in the first quarter. Quantum Capital Management now owns 142,191 shares of the scientific and technical instruments company’s stock valued at $1,066,000 after acquiring an additional 4,314 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in Perceptron in the second quarter valued at approximately $45,000. 69.19% of the stock is currently owned by institutional investors and hedge funds.
Perceptron Company Profile
Perceptron, Inc develops, produces, and sells various automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection, and 3D scanning in Europe, Asia, and the Americas. It provides various in-line and near-line measurement solutions, including AutoGauge, AutoGauge ACF, AutoGuide, and Helix evo engineered metrology systems for industrial automated process control and assembly using fixed and robot mounted laser scanners; and offline measurement solutions comprising Coord3 and TouchDMIS for industrial gauging and dimensional inspection using standalone robot mounted laser scanners and coordinate measuring machines.
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