Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Dolby Laboratories (DLB) today. The company’s shares opened today at $62.97.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 16.2% and a 67.7% success rate. Feinseth covers the Services sector, focusing on stocks such as Wal-Mart Stores Inc, Southwest Airlines, and Starbucks Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dolby Laboratories with a $76 average price target.
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Based on Dolby Laboratories’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $98.22 million. In comparison, last year the company had a GAAP net loss of $81.62 million.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. Last month, Lewis Chew, the EVP & CFO of DLB sold 35,000 shares for a total of $2,214,450.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Dolby Laboratoties, Inc. designs and manufactures audio and imaging products for the cinema, television, broadcast, and entertainment industries. Its products include Cinema Imaging, Cinema Audio, Dolby Conference Phone, Dolby Voice Room, and Other Products. The company was founded by Ray Milton Dolby in 1965 and is headquartered in San Francisco, CA.
