Immersion (NASDAQ:IMMR) is scheduled to release its earnings data after the market closes on Thursday, February 22nd. Analysts expect Immersion to post earnings of ($0.18) per share for the quarter.
Shares of Immersion (IMMR) opened at $10.12 on Tuesday. The stock has a market capitalization of $296.02, a P/E ratio of -4.13, a PEG ratio of 1.93 and a beta of 1.82. Immersion has a one year low of $5.76 and a one year high of $11.85.
In other Immersion news, major shareholder Raging Capital Management, Llc purchased 154,997 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of $7.27 per share, with a total value of $1,126,828.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 1,432,482 shares of company stock valued at $10,166,370 over the last three months. 7.22% of the stock is owned by corporate insiders.
Several research firms have recently issued reports on IMMR. Craig Hallum raised Immersion from a “hold” rating to a “buy” rating and raised their price objective for the company from $8.00 to $12.00 in a research note on Tuesday, January 16th. B. Riley reaffirmed a “buy” rating and issued a $12.25 price objective on shares of Immersion in a research note on Tuesday, January 30th. Zacks Investment Research lowered Immersion from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, ValuEngine raised Immersion from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $11.75.
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Immersion Company Profile
Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial.
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