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

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Dolphin Entertainment from a sell rating to a hold rating in a research note on Thursday, June 14th. ValuEngine cut Dolphin Entertainment from a buy rating to a hold rating in a research note on Thursday, August 2nd.

Dolphin Entertainment stock opened at $2.95 on Wednesday. Dolphin Entertainment has a 1-year low of $2.47 and a 1-year high of $11.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.38 and a current ratio of 0.38. The firm has a market capitalization of $39.19 million, a price-to-earnings ratio of -14.75 and a beta of 8.91.

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Millennium Management LLC bought a new position in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 71,460 shares of the company’s stock, valued at approximately $244,000. Millennium Management LLC owned approximately 0.64% of Dolphin Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.99% of the company’s stock.

About Dolphin Entertainment

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.

Featured Article: Market Capitalization in the Stock Market

Receive News & Ratings for Dolphin Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dolphin Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.