News stories about Immersion (NASDAQ:IMMR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Immersion earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 46.7985909377747 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms have recently issued reports on IMMR. BidaskClub raised shares of Immersion from a “sell” rating to a “hold” rating in a research note on Friday, March 16th. Zacks Investment Research raised shares of Immersion from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd. Craig Hallum increased their target price on shares of Immersion from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. B. Riley reissued a “buy” rating and set a $12.25 target price on shares of Immersion in a research report on Tuesday, January 30th. 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 report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $12.25.
Shares of IMMR stock traded up $0.02 during trading hours on Wednesday, hitting $12.50. The stock had a trading volume of 396,162 shares, compared to its average volume of 1,198,492. Immersion has a 12 month low of $5.76 and a 12 month high of $12.85. The firm has a market capitalization of $368.57, a P/E ratio of -8.06, a P/E/G ratio of 0.76 and a beta of 1.63.
In related news, CFO Nancy Erba sold 3,799 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $11.87, for a total value of $45,094.13. Following the completion of the sale, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $118,700. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Anne Marie Peters sold 10,443 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $12.00, for a total transaction of $125,316.00. Following the completion of the sale, the vice president now directly 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 90 days, insiders have sold 21,179 shares of company stock valued at $251,918. Corporate insiders own 7.22% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was reported by BBNS and is the property of of BBNS. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://baseballnewssource.com/2018/03/21/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-immersion-immr-share-price/1924712.html.
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.