Dolphin Entertainment (NASDAQ:DLPN) Stock Price Down 4.3% – What’s Next?

Dolphin Entertainment, Inc. (NASDAQ:DLPN) shares fell 4.3% during trading on Monday. The stock traded as low as $0.9502 and last traded at $0.9903. 18,548 shares traded hands during mid-day trading, an increase of 143% from the average session volume of 7,632 shares. The stock had previously closed at $1.0350.

Wall Street Analyst Weigh In

DLPN has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Dolphin Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 25th. Zacks Research raised shares of Dolphin Entertainment to a “hold” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Dolphin Entertainment currently has a consensus rating of “Reduce”.

Dolphin Entertainment Stock Performance

The stock has a 50-day moving average of $1.09 and a 200 day moving average of $1.19. The stock has a market cap of $13.36 million, a PE ratio of -3.53 and a beta of 1.83. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.37.

Dolphin Entertainment (NASDAQ:DLPN) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.09. Dolphin Entertainment had a negative net margin of 6.31% and a negative return on equity of 21.68%. The business had revenue of $14.44 million during the quarter, compared to analysts’ expectations of $14.50 million. Equities analysts predict that Dolphin Entertainment, Inc. will post -0.35 EPS for the current fiscal year.

Institutional Trading of Dolphin Entertainment

An institutional investor recently raised its position in Dolphin Entertainment stock. Renaissance Technologies LLC lifted its holdings in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 58.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,000 shares of the company’s stock after acquiring an additional 27,600 shares during the period. Renaissance Technologies LLC owned 0.58% of Dolphin Entertainment worth $110,000 at the end of the most recent reporting period. 8.87% of the stock is currently owned by institutional investors.

About Dolphin Entertainment

Dolphin Entertainment, Inc is an entertainment marketing and content development company that provides public relations, strategic marketing, and communications services to clients in the entertainment, lifestyle, music, sports, and consumer-product sectors. The company works with film and television studios, streaming platforms, brands, talent, and other organizations seeking to build awareness and manage their public image.

Dolphin operates through specialized agencies, including 42West, The Door, and Shore Fire Media.