Weiss Ratings Reiterates "Hold (C)" Rating for Immersion (NASDAQ:IMMR)
Weiss Ratings has reiterated a "hold (C)" rating for Immersion (NASDAQ:IMMR) in a recent report. The stock is currently trading at $6.66, with a market cap of $215.62 million. Analysts have mixed opinions, with two giving a Buy rating and one a Hold rating, leading to a consensus rating of "Moderate Buy" and a target price of $12.25. Institutional investors hold 60.57% of the company's stock, and recent trading volume was 108,706 shares, below the average of 429,377 shares.
Immersion (NASDAQ:IMMR - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.
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IMMR has been the subject of several other research reports. Wall Street Zen cut Immersion from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. BWS Financial reiterated a "buy" rating and set a $13.50 price target on shares of Immersion in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $12.25.
Read Our Latest Analysis on Immersion
Immersion Trading Up 0.5%
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Shares of IMMR stock traded up $0.04 during trading hours on Friday, reaching $6.66. The company had a trading volume of 108,706 shares, compared to its average volume of 429,377. The firm has a market cap of $215.62 million, a price-to-earnings ratio of 2.39 and a beta of 1.16. Immersion has a 1-year low of $6.47 and a 1-year high of $10.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.72 and a quick ratio of 1.04. The company has a 50 day moving average of $7.05 and a 200 day moving average of $7.31.
Hedge Funds Weigh In On Immersion
Several hedge funds have recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Immersion by 12.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 554,989 shares of the software maker's stock worth $4,207,000 after purchasing an additional 60,822 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Immersion by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 359,868 shares of the software maker's stock worth $2,728,000 after purchasing an additional 1,628 shares during the period. Nuveen LLC bought a new position in shares of Immersion in the first quarter worth $645,000. MetLife Investment Management LLC increased its holdings in shares of Immersion by 15.5% in the first quarter. MetLife Investment Management LLC now owns 17,020 shares of the software maker's stock worth $129,000 after purchasing an additional 2,288 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Immersion by 11.2% in the first quarter. Russell Investments Group Ltd. now owns 143,362 shares of the software maker's stock valued at $1,087,000 after acquiring an additional 14,477 shares during the last quarter. Institutional investors own 60.57% of the company's stock.
About Immersion
(Get Free Report)- Immersion Stock is a Turnaround Play
Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.
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