Immersion Corp. Stock Rating Reaffirmed by B. Riley (IMMR)
Immersion Corp. (NASDAQ:IMMR)‘s stock had its “buy” rating restated by analysts at B. Riley in a research report issued to clients and investors on Tuesday, American Banking & Market News reports. They currently have a $16.50 price target on the stock. B. Riley’s price objective would indicate a potential upside of 60.82% from the stock’s previous close.
Separately, analysts at Ascendiant Capital Markets initiated coverage on shares of Immersion Corp. in a research note on Tuesday, March 11th. They set a “hold” rating on the stock.
Shares of Immersion Corp. (NASDAQ:IMMR) traded down 1.91% on Tuesday, hitting $10.26. The stock had a trading volume of 222,756 shares. Immersion Corp. has a 52 week low of $9.69 and a 52 week high of $16.73. The stock has a 50-day moving average of $10.55 and a 200-day moving average of $11.49. The company has a market cap of $288.8 million and a P/E ratio of 7.64.
Immersion Corp. (NASDAQ:IMMR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.05. The company had revenue of $12.10 million for the quarter, compared to the consensus estimate of $12.44 million. On average, analysts predict that Immersion Corp. will post $0.38 earnings per share for the current fiscal year.
Immersion Corporation (NASDAQ:IMMR) is a provider of haptic technologies that allow people to use their sense of touch when operating a variety of digital devices.
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