Perceptron, Inc. (NASDAQ:PRCP) received a $9.00 price target from Craig Hallum in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Craig Hallum’s target price indicates a potential upside of 25.00% from the stock’s previous close.
Separately, Zacks Investment Research downgraded Perceptron from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 4th.
Shares of Perceptron (NASDAQ:PRCP) opened at 7.1999 on Tuesday. The stock has a 50 day moving average price of $6.65 and a 200 day moving average price of $6.38. Perceptron has a 52-week low of $4.18 and a 52-week high of $7.75. The company’s market capitalization is $67.52 million.
Perceptron (NASDAQ:PRCP) last released its earnings results on Monday, February 6th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.33. The firm earned $21.80 million during the quarter, compared to the consensus estimate of $17.85 million. Perceptron had a positive return on equity of 0.64% and a negative net margin of 24.03%. On average, analysts predict that Perceptron will post $0.06 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in PRCP. Punch & Associates Investment Management Inc. boosted its position in Perceptron by 24.4% in the third quarter. Punch & Associates Investment Management Inc. now owns 326,000 shares of the company’s stock valued at $2,191,000 after buying an additional 64,000 shares during the period. RBF Capital LLC raised its position in Perceptron by 2.5% in the third quarter. RBF Capital LLC now owns 90,979 shares of the company’s stock valued at $611,000 after buying an additional 2,259 shares during the period. Trent Capital Management Inc. NC bought a new position in Perceptron during the fourth quarter valued at $126,000. Finally, Penbrook Management LLC raised its position in Perceptron by 3.7% in the third quarter. Penbrook Management LLC now owns 127,098 shares of the company’s stock valued at $854,000 after buying an additional 4,500 shares during the period. Hedge funds and other institutional investors own 69.79% of the company’s stock.
Perceptron, Inc develops, produces and sells a range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and three-dimensional (3D) scanning. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines (CMMs), laser scanning and advanced analysis software.