News articles about Immersion (NASDAQ:IMMR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Immersion earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 46.7985909377747 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Immersion Co. (IMMR) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Zacks Investment Research Downgrades Immersion (IMMR) to Sell (americanbankingnews.com)
- Anne Marie Peters Sells 10,443 Shares of Immersion Co. (IMMR) Stock (americanbankingnews.com)
- Immersion (IMMR) Given New $14.00 Price Target at Dougherty & Co (americanbankingnews.com)
- Why Immersion Corporation Shares Surged Today (finance.yahoo.com)
Shares of Immersion (NASDAQ:IMMR) opened at $11.84 on Tuesday. Immersion has a 52 week low of $5.76 and a 52 week high of $12.22. The company has a market capitalization of $332.00, a price-to-earnings ratio of -7.64, a P/E/G ratio of 2.16 and a beta of 1.82.
A number of brokerages recently commented on IMMR. Zacks Investment Research lowered Immersion from a “hold” rating to a “sell” rating in a research note on Saturday. B. Riley reaffirmed a “buy” rating and issued a $12.25 price target on shares of Immersion in a research note on Tuesday, January 30th. Dougherty & Co reaffirmed a “buy” rating and issued a $14.00 price target (up previously from $10.00) on shares of Immersion in a research note on Friday. Craig Hallum raised their price target on Immersion from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday. Finally, ValuEngine raised Immersion from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $12.25.
In other news, major shareholder Raging Capital Management, Llc acquired 326,366 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of $6.58 per share, for a total transaction of $2,147,488.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Anne Marie Peters sold 10,443 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $12.00, for a total value of $125,316.00. Following the completion of the transaction, the vice president now owns 62,305 shares of the company’s stock, valued at approximately $747,660. The disclosure for this sale can be found here. In the last quarter, insiders acquired 1,432,482 shares of company stock valued at $10,166,370. 7.22% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: This piece was posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3225761/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-immersion-immr-share-price.html.
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.
Receive News & Ratings for Immersion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Immersion and related companies with MarketBeat.com's FREE daily email newsletter.