Headlines about Immersion (NASDAQ:IMMR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Immersion earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 46.6652645774333 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s analysis:
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Turtle Beach (HEAR) and Immersion (IMMR) Are Aggressive Growth Stocks (finance.yahoo.com) Immersion (IMMR) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com) Is the Options Market Predicting a Spike in Immersion (IMMR) Stock? (zacks.com) Immersion (IMMR) vs. Radisys (RSYS) Head-To-Head Review (americanbankingnews.com) Stock Traders Purchase High Volume of Immersion Put Options (IMMR) (americanbankingnews.com)
Immersion opened at $13.76 on Friday, according to Marketbeat. Immersion has a 12 month low of $13.32 and a 12 month high of $13.55. The firm has a market cap of $422.28 million, a P/E ratio of -11.56, a P/E/G ratio of 0.53 and a beta of 1.22.
Immersion (NASDAQ:IMMR) last released its quarterly earnings data on Thursday, May 10th. The software maker reported $2.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.77. The business had revenue of $85.42 million during the quarter, compared to analysts’ expectations of $57.70 million. Immersion had a return on equity of 118.96% and a net margin of 33.68%. The business’s quarterly revenue was up 826.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.39) EPS. analysts anticipate that Immersion will post 1.76 earnings per share for the current fiscal year.
Several research firms recently commented on IMMR. Zacks Investment Research raised Immersion from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Thursday. TheStreet raised Immersion from a “d” rating to a “c” rating in a research note on Friday, May 11th. B. Riley reissued a “buy” rating and set a $12.25 target price on shares of Immersion in a research note on Tuesday, January 30th. BidaskClub raised Immersion from a “sell” rating to a “hold” rating in a research note on Friday, March 16th. Finally, Dougherty & Co reissued a “buy” rating and set a $14.00 target price (up from $10.00) on shares of Immersion in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $13.85.
In other news, CFO Nancy Erba sold 3,799 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $11.87, for a total transaction of $45,094.13. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $118,700. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Anne Marie Peters sold 10,443 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $12.00, for a total value of $125,316.00. Following the transaction, the vice president now directly owns 62,305 shares of the company’s stock, valued at $747,660. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,179 shares of company stock valued at $251,918. Insiders own 7.22% of the company’s stock.
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.