Immersion (NASDAQ:IMMR) is set to announce its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of ($0.18) per share for the quarter.

Immersion (IMMR) opened at $10.18 on Thursday. Immersion has a 1-year low of $5.76 and a 1-year high of $11.85. The company has a market capitalization of $283.74, a PE ratio of -4.16, a P/E/G ratio of 1.85 and a beta of 1.82.

In other news, major shareholder Raging Capital Management, Llc acquired 154,997 shares of Immersion stock in a transaction dated Friday, December 1st. The stock was bought at an average price of $7.27 per share, for a total transaction of $1,126,828.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have bought 1,432,482 shares of company stock valued at $10,166,370. Corporate insiders own 7.22% of the company’s stock.

A number of equities research analysts have recently issued reports on IMMR shares. B. Riley restated a “buy” rating and set a $12.25 price objective on shares of Immersion in a report on Tuesday, January 30th. Craig Hallum restated a “buy” rating and set a $15.00 price objective (up previously from $12.00) on shares of Immersion in a report on Monday, January 29th. Zacks Investment Research upgraded Immersion from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a report on Thursday, November 9th. Finally, ValuEngine upgraded Immersion from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $11.75.

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About Immersion

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.

Earnings History for Immersion (NASDAQ:IMMR)

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