Media headlines about Immersion (NASDAQ:IMMR) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of 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 0.12 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.7185080854697 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Russell 2000 Hits Record High: 5 Top-Ranked Small-Cap Picks (finance.yahoo.com)
- Craig Hallum Lowers Immersion (IMMR) to Hold (americanbankingnews.com)
- Surging Tech Stock Hit with Rare Downgrade (schaeffersresearch.com)
- Immersion (IMMR) Announces License Agreement With Calsonic Kansei (streetinsider.com)
- Immersion Enters Into License Agreement With Calsonic Kansei to Incorporate Haptics Technology in Automotive Interfaces (finance.yahoo.com)
A number of equities analysts recently commented on the company. TheStreet upgraded Immersion from a “d” rating to a “c” rating in a research report on Friday, May 11th. Zacks Investment Research raised Immersion from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd. ValuEngine raised Immersion from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. BidaskClub cut Immersion from a “hold” rating to a “sell” rating in a research note on Friday, March 30th. Finally, Craig Hallum cut Immersion from a “buy” rating to a “hold” rating and set a $8.00 target price for the company. in a research note on Monday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Immersion presently has an average rating of “Buy” and a consensus price target of $12.05.
Immersion (NASDAQ:IMMR) last posted its earnings results on Thursday, May 10th. The software maker reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.77. The company had revenue of $85.42 million during the quarter, compared to analysts’ expectations of $57.70 million. Immersion had a return on equity of 118.96% and a net margin of 33.68%. The firm’s quarterly revenue was up 826.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.39) earnings per share. equities analysts expect that Immersion will post 1.76 EPS for the current year.
In other Immersion news, major shareholder Senvest Management, Llc sold 177,818 shares of the firm’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $15.93, for a total transaction of $2,832,640.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 1,027,971 shares of company stock valued at $14,458,294. 18.59% of the stock is owned by insiders.
Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia. Its technologies allow people to use their sense of touch when they engage with various digital products. The company offers TouchSense Lite and TouchSense Premium toolkits that enable original equipment manufacturers and their suppliers to add customized haptic technologies to their own branded devices and other products.
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