Share on StockTwits

Immersion Corp. (NASDAQ:IMMR) major shareholder Rima Senvest Management, L.L.C purchased 534 shares of Immersion Corp. stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $13.21 per share, for a total transaction of $7,054.14. The purchase was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Immersion Corp. (NASDAQ:IMMR) opened at 10.50 on Monday. Immersion Corp. has a 52-week low of $9.69 and a 52-week high of $14.86. The stock’s 50-day moving average is $12.69 and its 200-day moving average is $11.39. The company has a market cap of $298.0 million and a P/E ratio of 7.71.

Immersion Corp. (NASDAQ:IMMR) last announced its earnings results 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.

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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus 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.

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.