Immersion Co. (NASDAQ:IMMR) Director David Sugishita sold 50,273 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $9.59, for a total transaction of $482,118.07. Following the sale, the director now directly owns 82,136 shares of the company’s stock, valued at approximately $787,684.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Sugishita also recently made the following trade(s):

  • On Friday, November 30th, David Sugishita sold 14,245 shares of Immersion stock. The stock was sold at an average price of $9.50, for a total transaction of $135,327.50.

NASDAQ IMMR opened at $8.74 on Thursday. Immersion Co. has a 12-month low of $6.31 and a 12-month high of $17.70. The firm has a market capitalization of $269.22 million, a price-to-earnings ratio of -7.34, a P/E/G ratio of 0.34 and a beta of 0.93.

Immersion (NASDAQ:IMMR) last issued its earnings results on Thursday, November 1st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. Immersion had a net margin of 42.23% and a return on equity of 62.41%. The firm had revenue of $8.55 million during the quarter, compared to analysts’ expectations of $9.47 million. During the same quarter last year, the company posted ($0.13) earnings per share. The firm’s revenue was down 27.9% compared to the same quarter last year. As a group, sell-side analysts expect that Immersion Co. will post 1.7 EPS for the current year.

A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Immersion from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. BidaskClub cut shares of Immersion from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 11th. Craig Hallum raised shares of Immersion from a “hold” rating to a “buy” rating and raised their price target for the stock from $14.00 to $15.00 in a report on Wednesday, September 12th. Finally, ValuEngine cut shares of Immersion from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Immersion has an average rating of “Hold” and a consensus price target of $14.06.

Several institutional investors have recently modified their holdings of the stock. Premia Global Advisors LLC purchased a new position in shares of Immersion during the second quarter worth $105,000. MetLife Investment Advisors LLC grew its position in shares of Immersion by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 21,774 shares of the software maker’s stock valued at $230,000 after purchasing an additional 7,745 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Immersion by 7.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 132,207 shares of the software maker’s stock valued at $1,397,000 after purchasing an additional 8,838 shares during the period. Bank of New York Mellon Corp grew its position in shares of Immersion by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 122,470 shares of the software maker’s stock valued at $1,891,000 after purchasing an additional 9,545 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Immersion by 30.8% in the third quarter. Alliancebernstein L.P. now owns 44,350 shares of the software maker’s stock valued at $469,000 after purchasing an additional 10,450 shares during the period. 77.44% of the stock is owned by hedge funds and other institutional investors.

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About Immersion

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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