News stories about Immersion (NASDAQ:IMMR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Immersion earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 44.7390405114609 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Immersion (NASDAQ IMMR) opened at $10.02 on Thursday. Immersion has a twelve month low of $5.76 and a twelve month high of $11.85. The company has a market capitalization of $286.37, a price-to-earnings ratio of -4.09, a PEG ratio of 1.86 and a beta of 1.82.
IMMR has been the subject of several research reports. B. Riley reissued a “buy” rating and set a $9.75 price objective on shares of Immersion in a report on Monday, October 30th. Zacks Investment Research raised Immersion from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a report on Thursday, November 9th. ValuEngine lowered Immersion from a “sell” rating to a “strong sell” rating in a report on Friday, November 17th. Finally, Craig Hallum raised Immersion from a “hold” rating to a “buy” rating and raised their price target for the stock from $8.00 to $12.00 in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $11.75.
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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.
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