Immersion Corporation (NASDAQ:IMMR) major shareholder Raging Capital Management, Llc acquired 154,997 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average cost of $7.27 per share, for a total transaction of $1,126,828.19. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Raging Capital Management, Llc also recently made the following trade(s):

  • On Thursday, December 7th, Raging Capital Management, Llc acquired 372,771 shares of Immersion stock. The shares were bought at an average cost of $7.25 per share, for a total transaction of $2,702,589.75.
  • On Monday, December 4th, Raging Capital Management, Llc acquired 411,998 shares of Immersion stock. The shares were bought at an average cost of $7.31 per share, for a total transaction of $3,011,705.38.

Shares of Immersion Corporation (IMMR) opened at $7.15 on Friday. Immersion Corporation has a 52 week low of $5.76 and a 52 week high of $11.92.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.16. Immersion had a negative return on equity of 100.50% and a negative net margin of 190.18%. The firm had revenue of $11.90 million for the quarter, compared to analyst estimates of $7.33 million. During the same period last year, the company earned $0.34 EPS. The firm’s quarterly revenue was down 54.8% on a year-over-year basis. equities research analysts predict that Immersion Corporation will post -1.12 EPS for the current fiscal year.

A number of analysts recently commented on IMMR shares. B. Riley reaffirmed a “buy” rating and set a $9.75 price objective on shares of Immersion in a research note on Monday, October 30th. ValuEngine lowered Immersion from a “sell” rating to a “strong sell” rating in a research note on Friday, November 17th. Finally, Zacks Investment Research raised Immersion from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $10.17.

Several institutional investors have recently added to or reduced their stakes in the company. Vident Investment Advisory LLC raised its holdings in shares of Immersion by 60.9% in the 3rd quarter. Vident Investment Advisory LLC now owns 1,393,439 shares of the software maker’s stock worth $11,384,000 after purchasing an additional 527,185 shares during the period. Vanguard Group Inc. raised its holdings in shares of Immersion by 7.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,283,298 shares of the software maker’s stock worth $11,653,000 after purchasing an additional 89,010 shares during the period. University of Notre Dame DU Lac purchased a new position in shares of Immersion in the 3rd quarter worth about $5,810,000. State Street Corp raised its holdings in shares of Immersion by 11.8% in the 2nd quarter. State Street Corp now owns 542,672 shares of the software maker’s stock worth $4,927,000 after purchasing an additional 57,476 shares during the period. Finally, Cooper Creek Partners Management LLC purchased a new position in shares of Immersion in the 2nd quarter worth about $3,827,000. Institutional investors own 78.98% of the company’s stock.

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Immersion 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.

Insider Buying and Selling by Quarter for Immersion (NASDAQ:IMMR)

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