Shares of Perceptron Inc. (NASDAQ:PRCP) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $9.00 for the company and are expecting that the company will post ($0.05) earnings per share for the current quarter, according to Zacks. Zacks has also given Perceptron an industry rank of 71 out of 265 based on the ratings given to its competitors.
PRCP has been the topic of a number of recent analyst reports. Zacks Investment Research raised Perceptron from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research report on Saturday, July 16th. Canaccord Genuity reaffirmed a “buy” rating and issued a $8.00 target price on shares of Perceptron in a research report on Wednesday, August 31st.
Institutional investors have recently made changes to their positions in the stock. Royce & Associates LP raised its position in shares of Perceptron by 2.9% in the first quarter. Royce & Associates LP now owns 1,168,526 shares of the company’s stock worth $5,667,000 after buying an additional 32,646 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Perceptron by 3.2% in the first quarter. Renaissance Technologies LLC now owns 508,094 shares of the company’s stock worth $2,464,000 after buying an additional 15,594 shares during the last quarter. Punch & Associates Investment Management Inc. increased its stake in shares of Perceptron by 14.4% in the second quarter. Punch & Associates Investment Management Inc. now owns 262,000 shares of the company’s stock worth $1,226,000 after buying an additional 33,000 shares during the period. Ancora Advisors LLC increased its stake in shares of Perceptron by 10.0% in the second quarter. Ancora Advisors LLC now owns 66,225 shares of the company’s stock worth $310,000 after buying an additional 6,000 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Perceptron during the first quarter worth $246,000. 70.43% of the stock is currently owned by institutional investors.
Shares of Perceptron (NASDAQ:PRCP) opened at 6.72 on Wednesday. The firm’s market cap is $62.97 million. The firm has a 50-day moving average price of $6.56 and a 200-day moving average price of $5.25. Perceptron has a 12-month low of $4.18 and a 12-month high of $9.12.
Perceptron (NASDAQ:PRCP) last announced its earnings results on Tuesday, August 30th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.12. Perceptron had a negative return on equity of 7.88% and a negative net margin of 31.99%. The company had revenue of $18.70 million for the quarter, compared to analyst estimates of $17.35 million. On average, equities research analysts expect that Perceptron will post $0.15 earnings per share for the current fiscal year.
Perceptron, Inc (Perceptron) develops, produces and sells a range of automated industrial dimensional inspection and three-dimensional (3D) scanning products. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning, and advanced analysis software.
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