Immersion Co. (NASDAQ:IMMR) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $13.13.

Several equities research analysts recently commented on the company. BidaskClub cut Immersion from a “buy” rating to a “hold” rating in a research note on Friday, July 13th. TheStreet raised Immersion from a “d” rating to a “c” rating in a research note on Friday, May 11th. Craig Hallum lowered their price target on Immersion from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, August 3rd. ValuEngine cut Immersion from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Finally, Zacks Investment Research cut Immersion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 12th.

In related news, major shareholder Senvest Management, Llc sold 177,818 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $15.93, for a total value of $2,832,640.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 18.59% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Premia Global Advisors LLC acquired a new stake in Immersion in the 2nd quarter worth approximately $105,000. Stifel Financial Corp acquired a new stake in Immersion in the 1st quarter worth approximately $128,000. Tower Research Capital LLC TRC acquired a new stake in Immersion in the 2nd quarter worth approximately $162,000. MetLife Investment Advisors LLC acquired a new stake in Immersion in the 1st quarter worth approximately $168,000. Finally, First Quadrant L P CA acquired a new stake in Immersion in the 2nd quarter worth approximately $181,000. Hedge funds and other institutional investors own 76.80% of the company’s stock.

NASDAQ:IMMR opened at $11.05 on Friday. Immersion has a fifty-two week low of $5.76 and a fifty-two week high of $17.70. The stock has a market cap of $345.55 million, a price-to-earnings ratio of -9.29, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05.

Immersion (NASDAQ:IMMR) last released its earnings results on Thursday, August 2nd. The software maker reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.09). Immersion had a net margin of 40.38% and a return on equity of 86.57%. The business had revenue of $6.14 million for the quarter, compared to analysts’ expectations of $9.56 million. During the same period last year, the firm earned ($0.51) EPS. The company’s revenue was down 12.6% compared to the same quarter last year. equities research analysts forecast that Immersion will post 1.75 earnings per share for the current year.

Immersion Company Profile

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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