Share on StockTwits

Immersion Corp. (NASDAQ:IMMR) major shareholder Rima Senvest Management, L.L.C bought 534 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of $13.21 per share, for a total transaction of $7,054.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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 issued a buy rating to the company’s stock. Immersion Corp. has a consensus rating of “Buy” and a consensus target price of $16.25.

Immersion Corp. (NASDAQ:IMMR) traded down 23.08% on Friday, hitting $10.50. The stock had a trading volume of 1,724,792 shares. Immersion Corp. has a 52 week low of $9.69 and a 52 week 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. On average, analysts predict that Immersion Corp. will post $0.33 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.