Somewhat Positive Media Coverage Somewhat Unlikely to Impact Immersion (IMMR) Share Price

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News articles about Immersion (NASDAQ:IMMR) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Immersion earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 47.2599066995905 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

Several equities research analysts have weighed in on IMMR shares. BidaskClub downgraded Immersion from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Zacks Investment Research downgraded Immersion from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 12th. ValuEngine raised Immersion from a “hold” rating to a “buy” rating in a research report on Monday, June 11th. TheStreet raised Immersion from a “d” rating to a “c” rating in a research report on Friday, May 11th. Finally, Craig Hallum downgraded Immersion from a “buy” rating to a “hold” rating and set a $8.00 price target on the stock. in a research report on Monday, June 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Immersion currently has a consensus rating of “Hold” and an average target price of $13.81.

Shares of NASDAQ:IMMR traded down $0.05 during trading on Thursday, reaching $11.29. 9,076 shares of the company’s stock traded hands, compared to its average volume of 838,902. Immersion has a fifty-two week low of $5.76 and a fifty-two week high of $17.70. The stock has a market capitalization of $360.63 million, a PE ratio of -9.50, a price-to-earnings-growth ratio of 0.45 and a beta of 1.05.

Immersion (NASDAQ:IMMR) last posted its earnings results on Thursday, August 2nd. The software maker reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.09). Immersion had a net margin of 40.38% and a return on equity of 86.57%. The business had revenue of $6.14 million for the quarter, compared to analyst estimates of $9.56 million. During the same quarter last year, the business earned ($0.51) earnings per share. Immersion’s revenue was down 12.6% on a year-over-year basis. equities research analysts expect that Immersion will post 1.75 earnings per share for the current year.

In other news, major shareholder Senvest Management, Llc sold 177,818 shares of the firm’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $15.93, for a total transaction of $2,832,640.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 18.59% of the stock is owned by company insiders.

About Immersion

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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