Immersion Corporation (NASDAQ:IMMR) major shareholder Raging Capital Management, Llc bought 166,350 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were purchased at an average price of $7.08 per share, for a total transaction of $1,177,758.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, December 7th, Raging Capital Management, Llc bought 372,771 shares of Immersion stock. The shares were purchased at an average price of $7.25 per share, for a total transaction of $2,702,589.75.
  • On Friday, December 1st, Raging Capital Management, Llc bought 154,997 shares of Immersion stock. The shares were purchased at an average price of $7.27 per share, for a total transaction of $1,126,828.19.
  • On Monday, December 4th, Raging Capital Management, Llc bought 411,998 shares of Immersion stock. The shares were purchased at an average price of $7.31 per share, for a total transaction of $3,011,705.38.

Shares of Immersion Corporation (IMMR) opened at $7.03 on Wednesday. Immersion Corporation has a 52-week low of $5.76 and a 52-week high of $11.92.

Immersion (NASDAQ:IMMR) last announced its earnings results on Thursday, November 2nd. The software maker reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.16. The company had revenue of $11.90 million during the quarter, compared to analysts’ expectations of $7.33 million. Immersion had a negative net margin of 190.18% and a negative return on equity of 100.50%. Immersion’s quarterly revenue was down 54.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 earnings per share. research analysts expect that Immersion Corporation will post -1.12 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in IMMR. Vanguard Group Inc. lifted its position in Immersion by 7.5% during the second 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. TIAA CREF Investment Management LLC lifted its position in Immersion by 32.3% during the second quarter. TIAA CREF Investment Management LLC now owns 99,785 shares of the software maker’s stock worth $906,000 after purchasing an additional 24,384 shares during the period. B. Riley Financial Inc. lifted its position in Immersion by 76.7% during the third quarter. B. Riley Financial Inc. now owns 147,453 shares of the software maker’s stock worth $1,205,000 after purchasing an additional 64,013 shares during the period. Intrinsic Edge Capital Management LLC bought a new stake in Immersion during the second quarter worth about $1,046,000. Finally, PEAK6 Investments L.P. lifted its position in Immersion by 265.8% during the third quarter. PEAK6 Investments L.P. now owns 201,832 shares of the software maker’s stock worth $1,649,000 after purchasing an additional 146,653 shares during the period. 78.98% of the stock is owned by institutional investors.

Several research firms have commented on IMMR. Zacks Investment Research upgraded shares of Immersion from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. ValuEngine upgraded shares of Immersion from a “sell” rating to a “hold” rating in a report on Saturday, September 30th. Finally, B. Riley reiterated a “buy” rating and issued a $9.75 price objective on shares of Immersion in a report on Monday, October 30th. One investment 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 stock currently has a consensus rating of “Buy” and a consensus target price of $10.17.

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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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