Dolphin Entertainment (NASDAQ:DLPN) Stock Price Up 2% – What’s Next?

Dolphin Entertainment, Inc. (NASDAQ:DLPN)’s stock price rose 2% during trading on Wednesday . The stock traded as high as $1.54 and last traded at $1.50. Approximately 15,646 shares were traded during trading, an increase of 7% from the average daily volume of 14,658 shares. The stock had previously closed at $1.47.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Dolphin Entertainment in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Dolphin Entertainment Trading Up 2.0%

The firm has a market capitalization of $18.63 million, a price-to-earnings ratio of -5.36 and a beta of 2.05. The company has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $1.58. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.57.

Dolphin Entertainment (NASDAQ:DLPN) last issued its earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08. The business had revenue of $15.65 million for the quarter, compared to analysts’ expectations of $15.00 million. Dolphin Entertainment had a negative return on equity of 34.96% and a negative net margin of 5.45%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dolphin Entertainment stock. Renaissance Technologies LLC boosted its holdings in Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,400 shares of the company’s stock after acquiring an additional 9,500 shares during the period. Renaissance Technologies LLC owned 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent reporting period. 8.87% of the stock is owned by institutional investors and hedge funds.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.