In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Dolby Laboratories (NYSE: DLB). The company’s shares opened today at $70.19.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 19.5% and a 70.3% success rate. Feinseth covers the Services sector, focusing on stocks such as Norwegian Cruise Line, Bloomin’ Brands, and Starbucks Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dolby Laboratories with a $73.50 average price target.
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Based on Dolby Laboratories’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $83.15 million. In comparison, last year the company had a net profit of $76.04 million.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is neutral on the stock. Last month, Lewis Chew, the EVP & CFO of DLB sold 17,000 shares for a total of $1,112,820.
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Dolby Laboratoties, Inc. engages in the provision of audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company was founded by Ray Milton Dolby in 1965 and is headquartered in San Francisco, CA.
