Immersion Corporation (IMMR) Given News Sentiment Rating of 0.15
News articles about Immersion Corporation (NASDAQ:IMMR) have been trending somewhat positive on Saturday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Immersion Corporation earned a news impact score of 0.15 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 46.4146781291171 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Motion to Dismiss Filed by Property Owner to Defeat Government’s Forfeiture of Warehouse (pr-inside.com)
- Immersion Expands TouchSense Force Haptic Lab to Unity Game Developers (finance.yahoo.com)
- Comparing Immersion Corporation (IMMR) & The Competition (americanbankingnews.com)
- Immersion Corporation (IMMR) stock returned 13.31% Uptick performance – Street Observer (press release) (streetobserver.com)
A number of analysts have commented on IMMR shares. Cowen and Company set a $11.00 price objective on Immersion Corporation and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised Immersion Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine raised Immersion Corporation from a “sell” rating to a “hold” rating in a report on Saturday, September 30th. Finally, B. Riley reissued a “buy” rating and set a $10.50 price objective on shares of Immersion Corporation in a report on Monday, July 31st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Immersion Corporation currently has a consensus rating of “Buy” and an average target price of $10.75.
Shares of Immersion Corporation (NASDAQ IMMR) opened at 8.19 on Friday. The company’s market capitalization is $239.66 million. The firm’s 50-day moving average price is $7.63 and its 200-day moving average price is $8.23. Immersion Corporation has a one year low of $6.22 and a one year high of $11.92.
Immersion Corporation (NASDAQ:IMMR) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.01). Immersion Corporation had a negative net margin of 113.47% and a negative return on equity of 43.56%. The business had revenue of $7.00 million for the quarter, compared to analysts’ expectations of $8.94 million. During the same quarter in the previous year, the business posted ($0.20) earnings per share. Immersion Corporation’s revenue for the quarter was down 11.4% on a year-over-year basis. Analysts anticipate that Immersion Corporation will post ($1.22) earnings per share for the current year.
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Immersion Corporation Company 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.
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