Immersion Corp. (NASDAQ:IMMR)’s share price rose 5.3% during trading on Monday . The stock traded as high as $7.41 and last traded at $7.39, with a volume of 362,526 shares changing hands. The stock had previously closed at $7.02.

IMMR has been the topic of several research analyst reports. Zacks Investment Research upgraded Immersion Corp. from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research report on Wednesday, July 6th. B. Riley restated a “buy” rating and issued a $13.00 price objective on shares of Immersion Corp. in a research report on Thursday, May 12th. Craig Hallum lowered their price objective on Immersion Corp. from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, May 6th. Finally, Lake Street Capital initiated coverage on Immersion Corp. in a research report on Monday, April 18th. They issued a “buy” rating and a $11.25 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $12.00.

The stock has a market cap of $217.60 million and a P/E ratio of 943.75. The company has a 50 day moving average price of $6.87 and a 200-day moving average price of $7.69.

Immersion Corp. (NASDAQ:IMMR) last released its earnings results on Thursday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. During the same period in the previous year, the company earned $0.06 earnings per share. The firm earned $13.60 million during the quarter, compared to analyst estimates of $13.89 million. Immersion Corp.’s revenue was down 16.6% on a year-over-year basis. Analysts anticipate that Immersion Corp. will post ($0.14) EPS for the current fiscal year.

In other Immersion Corp. news, VP Mahesh Sundaram sold 10,329 shares of the stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $7.00, for a total transaction of $72,303.00. The sale was disclosed in a filing with the SEC, which is available through this link.

An institutional investor recently raised its position in Immersion Corp. stock. GSA Capital Partners LLP increased its stake in Immersion Corp. (NASDAQ:IMMR) by 30.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,205 shares of the company’s stock after buying an additional 25,366 shares during the period. GSA Capital Partners LLP owned 0.39% of Immersion Corp. worth $1,273,000 at the end of the most recent quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.