Dolphin Entertainment (DLPN) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Dolphin Entertainment (NASDAQ:DLPN) from a sell rating to a hold rating in a research report released on Tuesday.

According to Zacks, “Dolphin Entertainment, Inc. is engaged in production of digital content. The company’s operating segment consists of Dolphin Digital Media and Dolphin Digital Studios. Dolphin Digital Media segment creates and manages social networking websites for children. It has developed Dolphinsecure.com, which is a secure website for children using fingerprint reader technology. Dolphin Digital Studios segment creates original programming that premieres online, with an initial focus on content geared toward tweens and teens. It also provides production services to a related party. Dolphin Entertainment Inc., formerly known as Dolphin Digital Media Inc., is headquartered in Coral Gables, FL. “

A number of other brokerages have also commented on DLPN. Maxim Group set a $6.00 price objective on Dolphin Entertainment and gave the company a buy rating in a report on Wednesday, July 25th. ValuEngine lowered Dolphin Entertainment from a buy rating to a hold rating in a report on Thursday, August 2nd.

Shares of NASDAQ DLPN opened at $2.10 on Tuesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The stock has a market cap of $30.10 million, a PE ratio of -10.50 and a beta of 8.55. Dolphin Entertainment has a 52 week low of $2.04 and a 52 week high of $9.25.

Dolphin Entertainment (NASDAQ:DLPN) last issued its quarterly earnings data on Tuesday, August 14th. The company reported ($0.01) EPS for the quarter. The company had revenue of $5.22 million for the quarter. Dolphin Entertainment had a net margin of 17.98% and a return on equity of 75.55%. Research analysts expect that Dolphin Entertainment will post 0.2 earnings per share for the current year.

An institutional investor recently bought a new position in Dolphin Entertainment stock. Millennium Management LLC acquired a new stake in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 71,460 shares of the company’s stock, valued at approximately $244,000. Millennium Management LLC owned about 0.64% of Dolphin Entertainment as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.67% of the company’s stock.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc produces and distributes online digital content in the United States. The company operates as a content producer of motion pictures, as well as produces Web series and feature films. In addition, it operates an entertainment public relations agency, which offers talent, marketing, and strategic communications services, as well as brand and digital marketing services.

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