News articles about Immersion Corporation (NASDAQ:IMMR) have been trending somewhat positive on Monday, according to Accern Sentiment.
In terms of Buy, Sell or Hold recommendations, Immersion Corp (NASDAQ:IMMR) has analysts’ mean recommendation of 1.9. The company has an average rating of “Buy” and a consensus price target of $11.08. Finally, ValuEngine upgraded Immersion Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Benchmark Co. began coverage on Immersion Corporation in a report on Tuesday, April 25th. They set a “buy” rating and a $12.00 price target on the stock.
Several analysts have issued reports on the company.
At the present time, shares of Immersion Corporation (IMMR) are worth at $6.65. Sage Therapeutics, Inc. has 5 buy ratings, 2 holds and 0 sells even after the stock tumbled -2.17% from its high of $89.49 to a $3.25 billion market value through last close. Shares are trading at $6.65 which is slightly below the 50 day moving average of $8.74 and marginally under the 200 day moving average of $9.08.
Immersion Corporation (NASDAQ:IMMR) has been the object of insider buying and selling activity recently. The software maker reported ($0.30) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.30).
Immersion Corporation (IMMR) stock marked a gap of -44.21% off its 52 week- peak price value and pointed turn of 6.57% from its 52 week-bottom price value. During the same period in the prior year, the business earned ($0.20) earnings per share. The Company has adopted a hybrid business model, under which the Company provides advanced tactile software, related tools and technical assistance to certain customers, and offers licenses to its patented IP to other customers. Equities analysts anticipate that Immersion Corporation will post ($1.02) EPS for the current fiscal year.
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In other news, Director Jack L. Saltich bought 5,000 shares of Immersion Corporation stock in a transaction dated Wednesday, May 17th. The stock was bought at an average price of $8.26 per share, for a total transaction of $41,300.00. The Director now owns $935,354 of the stock as recorded in a recent Form 4 SEC filing. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Immersion Corp (NASDAQ:IMMR) high price target of $13 and with a conservative view have low price target of $8. Russell Investments Group Ltd. raised its stake in Immersion Corporation by 20.2% in the first quarter. American International Group Inc. now owns 17,824 shares of the software maker’s stock valued at $154,000 after buying an additional 1,182 shares during the last quarter. Kcg stated it has 0.01% in Immersion Corporation (NASDAQ:IMMR). Private Advisor Group LLC now owns 127,361 shares of the software maker’s stock valued at $1,065,000 after buying an additional 1,350 shares during the last quarter. Dialectic Capital Management LP raised its stake in shares of Immersion Corporation by 1.8% in the first quarter. The firm owned 47,500 shares of the software maker’s stock at the end of the first quarter. Finally, Blair William & Co.
Shannon River Fund Management Llc holds 6.51% of its portfolio in Immersion Corporation for 1.97 million shares. Institutional investors own 76.08% of the company’s stock.
Immersion Corporation is a licensing firm focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices.