Dolphin Entertainment (DLPN) Cut to “Sell” at Zacks Investment Research
Zacks Investment Research lowered shares of Dolphin Entertainment (NASDAQ:DLPN) from a hold rating to a sell rating in a research note published on Friday.
According to Zacks, “Dolphin Entertainment, Inc. is engaged in production of digital content. The company’s operating segment consists of Dolphin Digital Media and Dolphin Digital Studios. Dolphin Digital Media segment creates and manages social networking websites for children. It has developed Dolphinsecure.com, which is a secure website for children using fingerprint reader technology. Dolphin Digital Studios segment creates original programming that premieres online, with an initial focus on content geared toward tweens and teens. It also provides production services to a related party. Dolphin Entertainment Inc., formerly known as Dolphin Digital Media Inc., is headquartered in Coral Gables, FL. “
A number of other equities research analysts have also recently issued reports on the company. Maxim Group set a $6.00 target price on Dolphin Entertainment and gave the company a buy rating in a research note on Wednesday, July 25th. ValuEngine cut Dolphin Entertainment from a buy rating to a hold rating in a research note on Thursday, August 2nd.
A hedge fund recently bought a new stake in Dolphin Entertainment stock. Royal Bank of Canada bought a new stake in Dolphin Entertainment Inc (NASDAQ:DLPN) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 34,743 shares of the company’s stock, valued at approximately $122,000. Royal Bank of Canada owned about 0.31% of Dolphin Entertainment as of its most recent filing with the Securities & Exchange Commission. 0.99% of the stock is owned by institutional investors.
About Dolphin Entertainment
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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