Dolphin Entertainment (NASDAQ:DLPN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Dolphin Entertainment, Inc. is engaged in production of digital content. The company’s operating segment consists of Dolphin Digital Media and Dolphin Digital Studios. Dolphin Digital Media segment creates and manages social networking websites for children. It has developed Dolphinsecure.com, which is a secure website for children using fingerprint reader technology. Dolphin Digital Studios segment creates original programming that premieres online, with an initial focus on content geared toward tweens and teens. It also provides production services to a related party. Dolphin Entertainment Inc., formerly known as Dolphin Digital Media Inc., is headquartered in Coral Gables, FL. “

Other equities analysts have also recently issued research reports about the stock. Maxim Group reiterated a “buy” rating and issued a $5.00 price target on shares of Dolphin Entertainment in a research note on Friday, May 17th. Canaccord Genuity dropped their price target on shares of Dolphin Entertainment from $3.00 to $2.50 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Dolphin Entertainment presently has an average rating of “Hold” and an average price target of $3.17.

Shares of Dolphin Entertainment stock opened at $1.18 on Tuesday. Dolphin Entertainment has a 1 year low of $0.71 and a 1 year high of $4.07. The company has a quick ratio of 0.46, a current ratio of 0.34 and a debt-to-equity ratio of 0.66.

Dolphin Entertainment (NASDAQ:DLPN) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $6.24 million during the quarter. Dolphin Entertainment had a negative return on equity of 35.90% and a negative net margin of 15.74%. On average, equities analysts anticipate that Dolphin Entertainment will post 0.06 earnings per share for the current year.

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Vanguard Group Inc bought a new stake in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 137,382 shares of the company’s stock, valued at approximately $304,000. Vanguard Group Inc owned 0.97% of Dolphin Entertainment as of its most recent filing with the Securities and Exchange Commission. 6.29% of the stock is owned by institutional investors.

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.

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