Maxim Group set a $6.00 target price on Dolphin Entertainment (NASDAQ:DLPN) in a research report released on Thursday morning. The firm currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Dolphin Entertainment from a sell rating to a hold rating in a research note on Thursday, August 23rd. ValuEngine downgraded Dolphin Entertainment from a buy rating to a hold rating in a research note on Thursday, August 2nd.

Shares of NASDAQ:DLPN opened at $2.10 on Thursday. The firm has a market capitalization of $28.74 million, a price-to-earnings ratio of -10.50 and a beta of 8.55. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. Dolphin Entertainment has a 1 year low of $2.04 and a 1 year high of $9.25.

Dolphin Entertainment (NASDAQ:DLPN) last announced its quarterly earnings data on Tuesday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $5.22 million during the quarter. Dolphin Entertainment had a net margin of 17.98% and a return on equity of 75.55%. On average, equities analysts forecast that Dolphin Entertainment will post 0.2 EPS for the current fiscal year.

An institutional investor recently bought a new position in Dolphin Entertainment stock. Millennium Management LLC purchased a new position in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 71,460 shares of the company’s stock, valued at approximately $244,000. Millennium Management LLC owned 0.64% of Dolphin Entertainment as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.67% of the company’s stock.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc produces and distributes online digital content in the United States. The company operates as a content producer of motion pictures, as well as produces Web series and feature films. In addition, it operates an entertainment public relations agency, which offers talent, marketing, and strategic communications services, as well as brand and digital marketing services.

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