Immersion Co. (NASDAQ:IMMR) Shares Sold by Thomson Horstmann & Bryant Inc.

Thomson Horstmann & Bryant Inc. decreased its holdings in shares of Immersion Co. (NASDAQ:IMMR) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 745,438 shares of the software maker’s stock after selling 22,738 shares during the period. Thomson Horstmann & Bryant Inc. owned approximately 2.55% of Immersion worth $5,262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Voya Investment Management LLC increased its position in Immersion by 14.1% during the 2nd quarter. Voya Investment Management LLC now owns 20,218 shares of the software maker’s stock worth $184,000 after purchasing an additional 2,501 shares during the period. ETF Managers Group LLC acquired a new position in Immersion during the 2nd quarter worth approximately $221,000. Alliancebernstein L.P. purchased a new stake in shares of Immersion during the 2nd quarter worth approximately $232,000. The Manufacturers Life Insurance Company boosted its stake in shares of Immersion by 8.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,835 shares of the software maker’s stock worth $234,000 after acquiring an additional 1,929 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Immersion by 199.2% during the 3rd quarter. Jane Street Group LLC now owns 29,154 shares of the software maker’s stock worth $238,000 after acquiring an additional 58,555 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.

In other Immersion news, major shareholder Raging Capital Management, Llc purchased 154,997 shares of Immersion stock in a transaction on Friday, December 1st. The shares were bought at an average price of $7.27 per share, with a total value of $1,126,828.19. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have acquired 1,432,482 shares of company stock worth $10,166,370. Corporate insiders own 7.22% of the company’s stock.

IMMR has been the topic of several research analyst reports. Craig Hallum raised Immersion from a “hold” rating to a “buy” rating and boosted their price target for the stock from $8.00 to $12.00 in a research note on Tuesday. Zacks Investment Research raised Immersion from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a research note on Thursday, November 9th. B. Riley reissued a “buy” rating and set a $9.75 price target on shares of Immersion in a research note on Monday, October 30th. Finally, ValuEngine raised Immersion from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Immersion presently has an average rating of “Buy” and a consensus target price of $10.83.

Shares of Immersion Co. (NASDAQ IMMR) opened at $7.42 on Thursday. Immersion Co. has a 52 week low of $5.76 and a 52 week high of $11.85. The stock has a market capitalization of $217.63, a P/E ratio of -3.03, a P/E/G ratio of 1.42 and a beta of 1.36.

Immersion (NASDAQ:IMMR) last posted its earnings results on Thursday, November 2nd. The software maker reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.16. Immersion had a negative return on equity of 100.50% and a negative net margin of 190.18%. The firm had revenue of $11.90 million for the quarter, compared to analyst estimates of $7.33 million. During the same quarter in the prior year, the company earned $0.34 EPS. Immersion’s revenue was down 54.8% on a year-over-year basis. analysts predict that Immersion Co. will post -1.12 earnings per share for the current year.

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Immersion Profile

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.

Institutional Ownership by Quarter for Immersion (NASDAQ:IMMR)

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