Immersion Corp. SVP 15,500 Shares of Stock (IMMR)
Immersion Corp. (NASDAQ:IMMR) SVP Dennis Gerard Sheehan 15,500 shares of Immersion Corp. stock in a transaction dated Thursday, July 10th. Following the completion of the , the senior vice president now directly owns 52,143 shares in the company, valued at approximately $730,002. The was disclosed in a document filed with the SEC, which can be accessed through this link.
Immersion Corp. (NASDAQ:IMMR) traded up 1.93% during mid-day trading on Friday, hitting $14.28. 445,125 shares of the company’s stock traded hands. Immersion Corp. has a one year low of $9.69 and a one year high of $16.73. The stock’s 50-day moving average is $11.59 and its 200-day moving average is $11.13. The company has a market cap of $404.8 million and a price-to-earnings ratio of 10.30.
Immersion Corp. (NASDAQ:IMMR) last released its earnings data on Thursday, May 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.06. The company had revenue of $15.40 million for the quarter, compared to the consensus estimate of $15.55 million. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts predict that Immersion Corp. will post $0.41 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Immersion Corp. from a “buy” rating to a “hold” rating in a research note on Friday, May 23rd. Separately, analysts at B. Riley reiterated a “buy” rating on shares of Immersion Corp. in a research note on Thursday, May 15th. They now have a $16.50 price target on the stock. Finally, analysts at B. Riley reiterated a “buy” rating on shares of Immersion Corp. in a research note on Wednesday, May 7th. They now have a $16.50 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Immersion Corp. currently has an average rating of “Buy” and an average price target of $16.25.
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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