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

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.

In related news, major shareholder Raging Capital Management, Llc purchased 326,366 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was purchased at an average cost of $6.58 per share, with a total value of $2,147,488.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 1,432,482 shares of company stock valued at $10,166,370 over the last ninety days. Corporate insiders own 7.22% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Impact Immersion (IMMR) Share Price” was first reported by BBNS and is the sole property of of BBNS. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://baseballnewssource.com/markets/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-immersion-immr-share-price/1901023.html.

About Immersion

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.

Insider Buying and Selling by Quarter for Immersion (NASDAQ:IMMR)

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.

 


Latest News

Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped


Leave a Reply

 
© 2006-2018 BBNS.