Dolphin Entertainment Inc (NASDAQ:DLPN) Receives Average Recommendation of “Strong Buy” from Analysts

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Dolphin Entertainment Inc (NASDAQ:DLPN) has earned an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price target of $2.17 for the company, according to Zacks. Zacks has also given Dolphin Entertainment an industry rank of 100 out of 255 based on the ratings given to its competitors.

Several research analysts recently weighed in on the stock. ValuEngine raised shares of Dolphin Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Maxim Group reaffirmed a “buy” rating and set a $2.50 price objective on shares of Dolphin Entertainment in a research note on Friday, November 15th. Finally, Zacks Investment Research downgraded shares of Dolphin Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, November 26th.

An institutional investor recently raised its position in Dolphin Entertainment stock. Vanguard Group Inc. grew its stake in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) by 258.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 527,778 shares of the company’s stock after acquiring an additional 380,724 shares during the quarter. Vanguard Group Inc. owned about 3.67% of Dolphin Entertainment worth $554,000 at the end of the most recent quarter. Institutional investors and hedge funds own 6.54% of the company’s stock.

DLPN stock traded up $0.02 during trading on Tuesday, hitting $0.54. The stock had a trading volume of 23,844 shares, compared to its average volume of 27,748. The company’s 50 day moving average price is $0.70 and its two-hundred day moving average price is $0.95. Dolphin Entertainment has a 1-year low of $0.51 and a 1-year high of $1.90. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc produces and distributes online digital content in the United States. The company operates as a content producer of motion pictures, as well as produces Web series and feature films. In addition, it operates an entertainment public relations agency, which offers talent, marketing, and strategic communications services, as well as brand and digital marketing services.

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