Barrington analyst James Goss reiterated a Hold rating on Dolby Laboratories (DLB – Research Report) today. The company’s shares closed last Friday at $82.08.
According to TipRanks, Goss is an analyst with an average return of -7.3% and a 36.55% success rate. Goss covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Cinemark Holdings, and Clear Channel Outdoor.
The analyst consensus on Dolby Laboratories is currently a Hold rating.
The company has a one-year high of $90.04 and a one-year low of $75.32. Currently, Dolby Laboratories has an average volume of 325K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DLB in relation to earlier this year. Most recently, in March 2024, Todd Pendleton, the SVP & CMO of DLB sold 24,395.00 shares for a total of $1,992,583.60.
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Dolby Laboratories (DLB) Company Description:
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.
