Dolphin Entertainment (NASDAQ:DLPN) Announces Quarterly Earnings Results

Dolphin Entertainment (NASDAQ:DLPN) posted its quarterly earnings results on Tuesday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.12), FiscalAI reports. Dolphin Entertainment had a negative return on equity of 34.96% and a negative net margin of 5.45%.The company had revenue of $12.80 million during the quarter, compared to analyst estimates of $13.60 million.

Dolphin Entertainment Stock Performance

Shares of NASDAQ DLPN traded down $0.04 during trading hours on Tuesday, reaching $1.41. The stock had a trading volume of 36,595 shares, compared to its average volume of 33,984. The company has a market cap of $17.64 million, a price-to-earnings ratio of -5.04 and a beta of 1.96. Dolphin Entertainment has a twelve month low of $0.99 and a twelve month high of $1.88. The business’s fifty day moving average is $1.53 and its two-hundred day moving average is $1.58. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.84 and a quick ratio of 0.84.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Dolphin Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Dolphin Entertainment currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dolphin Entertainment stock. Renaissance Technologies LLC boosted its position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,400 shares of the company’s stock after purchasing an additional 9,500 shares during the period. Renaissance Technologies LLC owned about 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 8.87% of the company’s stock.

About Dolphin Entertainment

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.