Immersion Co. (NASDAQ:IMMR) Director David Sugishita sold 14,245 shares of the company’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $9.50, for a total transaction of $135,327.50. Following the sale, the director now directly owns 82,136 shares of the company’s stock, valued at approximately $780,292. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
David Sugishita also recently made the following trade(s):
- On Monday, December 3rd, David Sugishita sold 50,273 shares of Immersion stock. The stock was sold at an average price of $9.59, for a total transaction of $482,118.07.
Shares of IMMR stock opened at $8.74 on Thursday. The company has a market cap of $269.22 million, a PE ratio of -7.34, a P/E/G ratio of 0.34 and a beta of 0.93. Immersion Co. has a 52 week low of $6.31 and a 52 week high of $17.70.
Immersion (NASDAQ:IMMR) last issued its earnings results on Thursday, November 1st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. Immersion had a return on equity of 62.41% and a net margin of 42.23%. The company had revenue of $8.55 million for the quarter, compared to analysts’ expectations of $9.47 million. During the same period last year, the business earned ($0.13) EPS. Immersion’s quarterly revenue was down 27.9% compared to the same quarter last year. Research analysts expect that Immersion Co. will post 1.7 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Premia Global Advisors LLC bought a new position in shares of Immersion in the 2nd quarter worth $105,000. Tower Research Capital LLC TRC bought a new position in shares of Immersion in the 2nd quarter worth $162,000. First Quadrant L P CA bought a new position in shares of Immersion in the 2nd quarter worth $181,000. Engineers Gate Manager LP bought a new position in shares of Immersion in the 2nd quarter worth $200,000. Finally, Trexquant Investment LP bought a new position in shares of Immersion in the 3rd quarter worth $146,000. Institutional investors own 77.44% of the company’s stock.
Several research firms have recently issued reports on IMMR. Zacks Investment Research downgraded Immersion from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. BidaskClub downgraded Immersion from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 11th. Craig Hallum raised Immersion from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $15.00 in a research note on Wednesday, September 12th. Finally, ValuEngine downgraded Immersion from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.06.
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Immersion Company Profile
Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia. Its technologies allow people to use their sense of touch when they engage with various digital products. The company offers TouchSense Lite and TouchSense Premium toolkits that enable original equipment manufacturers and their suppliers to add customized haptic technologies to their own branded devices and other products.
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