Immersion Corp. major shareholder Rima Senvest Management, L.L.C Unloads 1,037 Shares (IMMR)
Immersion Corp. (NASDAQ:IMMR) major shareholder Rima Senvest Management, L.L.C unloaded 1,037 shares of Immersion Corp. stock on the open market in a transaction dated Saturday, May 31st. The stock was sold at an average price of $15.44, for a total transaction of $16,011.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Immersion Corp. (NASDAQ:IMMR) opened at 10.52 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 $298.6 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 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Analysts expect that Immersion Corp. will post $0.33 EPS 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company 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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