Shares of Perceptron, Inc. (NASDAQ:PRCP) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price objective of $12.00 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Perceptron an industry rank of 53 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered shares of Perceptron from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th.

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In other Perceptron news, Director James A. Ratigan bought 3,910 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average cost of $7.66 per share, for a total transaction of $29,950.60. Following the transaction, the director now directly owns 2,247 shares in the company, valued at $17,212.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.31% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Punch & Associates Investment Management Inc. raised its stake in Perceptron by 8.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 405,800 shares of the scientific and technical instruments company’s stock valued at $3,384,000 after buying an additional 30,067 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Perceptron by 32.6% in the first quarter. Wells Fargo & Company MN now owns 61,886 shares of the scientific and technical instruments company’s stock worth $516,000 after buying an additional 15,200 shares during the period. Algert Global LLC acquired a new stake in shares of Perceptron during the first quarter worth approximately $491,000. ClariVest Asset Management LLC acquired a new stake in shares of Perceptron during the first quarter worth approximately $217,000. Finally, Renaissance Technologies LLC raised its stake in shares of Perceptron by 6.5% in the first quarter. Renaissance Technologies LLC now owns 529,300 shares of the scientific and technical instruments company’s stock worth $4,414,000 after buying an additional 32,100 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Shares of Perceptron (NASDAQ PRCP) traded down 0.344% on Friday, reaching $7.235. 1,801 shares of the company traded hands. Perceptron has a 52-week low of $4.93 and a 52-week high of $8.95. The stock’s market cap is $68.15 million. The stock has a 50 day moving average of $7.41 and a 200 day moving average of $7.74.

Perceptron (NASDAQ:PRCP) last posted its earnings results on Monday, May 8th. The scientific and technical instruments company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $16.33 million for the quarter, compared to analyst estimates of $17.50 million. Perceptron had a positive return on equity of 2.32% and a negative net margin of 21.55%. On average, analysts expect that Perceptron will post $0.06 earnings per share for the current year.

About Perceptron

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.

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