Immersion Corp. major shareholder Rima Senvest Management, L.L.C Acquires 749 Shares (IMMR)
Immersion Corp. (NASDAQ:IMMR) major shareholder Rima Senvest Management, L.L.C purchased 749 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of $10.72 per share, for a total transaction of $8,029.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of analysts have recently weighed in on IMMR shares. 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Immersion Corp. presently has a consensus rating of “Buy” and an average price target of $16.25.
Shares of Immersion Corp. (NASDAQ:IMMR) traded down 23.08% on Friday, hitting $10.50. 1,724,792 shares of the company’s stock traded hands. Immersion Corp. has a one year low of $9.69 and a one year high of $14.86. The stock has a 50-day moving average of $12.69 and a 200-day moving average of $11.39. The company has a market cap of $298.0 million and a P/E ratio of 10.03.
Immersion Corp. (NASDAQ:IMMR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.03. The company had revenue of $11.80 million for the quarter, compared to the consensus estimate of $13.23 million. During the same quarter last year, the company posted $0.06 earnings per share. Immersion Corp.’s revenue was up 15.7% compared to the same quarter last year. Analysts expect that Immersion Corp. will post $0.33 EPS 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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