Immersion Co. (NASDAQ:IMMR) has been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.63.

IMMR has been the topic of a number of analyst reports. BidaskClub lowered shares of Immersion from a “sell” rating to a “strong sell” rating in a research report on Tuesday. ValuEngine upgraded shares of Immersion from a “hold” rating to a “buy” rating in a research report on Monday, June 11th. Craig Hallum lowered shares of Immersion from a “buy” rating to a “hold” rating and set a $8.00 price target on the stock. in a report on Monday, June 18th. Zacks Investment Research lowered shares of Immersion from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Finally, Dougherty & Co lowered shares of Immersion from a “buy” rating to a “neutral” rating in a report on Tuesday, June 26th.

NASDAQ IMMR traded up $0.74 during mid-day trading on Wednesday, reaching $10.94. 733,600 shares of the stock were exchanged, compared to its average volume of 788,750. Immersion has a 1-year low of $5.76 and a 1-year high of $17.70. The firm has a market cap of $327.09 million, a P/E ratio of -9.19, a price-to-earnings-growth ratio of 0.40 and a beta of 0.89.

Immersion (NASDAQ:IMMR) last announced its earnings results on Thursday, August 2nd. The software maker reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.09). Immersion had a return on equity of 86.57% and a net margin of 40.38%. The firm had revenue of $6.14 million for the quarter, compared to analyst estimates of $9.56 million. During the same quarter last year, the business posted ($0.51) EPS. The firm’s revenue was down 12.6% compared to the same quarter last year. analysts anticipate that Immersion will post 1.75 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in IMMR. Millennium Management LLC acquired a new position in shares of Immersion in the 1st quarter valued at $13,044,000. Dimensional Fund Advisors LP acquired a new position in shares of Immersion during the 2nd quarter valued at $4,688,000. Baird Financial Group Inc. acquired a new position in shares of Immersion during the 1st quarter valued at $2,621,000. Acadian Asset Management LLC acquired a new position in shares of Immersion during the 2nd quarter valued at $3,091,000. Finally, Mackay Shields LLC lifted its holdings in shares of Immersion by 378.5% during the 2nd quarter. Mackay Shields LLC now owns 242,600 shares of the software maker’s stock valued at $3,745,000 after acquiring an additional 191,900 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Immersion Company Profile

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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