Dolphin Entertainment (NASDAQ:DLPN) Releases Earnings Results, Misses Estimates By $0.12 EPS

Dolphin Entertainment (NASDAQ:DLPN) announced its earnings results on Tuesday. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.12), FiscalAI reports. The business had revenue of $12.80 million during the quarter, compared to analyst estimates of $13.60 million. Dolphin Entertainment had a negative return on equity of 34.96% and a negative net margin of 5.45%.

Dolphin Entertainment Price Performance

Shares of DLPN stock traded down $0.04 during trading hours on Tuesday, reaching $1.41. 36,595 shares of the company were exchanged, compared to its average volume of 33,984. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $17.64 million, a price-to-earnings ratio of -5.04 and a beta of 1.96. The stock’s fifty day moving average is $1.53 and its two-hundred day moving average is $1.58. Dolphin Entertainment has a fifty-two week low of $0.99 and a fifty-two week high of $1.88.

Institutional Investors Weigh In On Dolphin Entertainment

An institutional investor recently raised its position in Dolphin Entertainment stock. Renaissance Technologies LLC lifted its position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,400 shares of the company’s stock after acquiring an additional 9,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent reporting period. Institutional investors own 8.87% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Dolphin Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Dolphin Entertainment currently has an average rating of “Sell”.

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.