Share on StockTwits

Immersion Corp. (NASDAQ:IMMR) major shareholder Rima Senvest Management, L.L.C purchased 890 shares of the company’s stock on the open market in a transaction that occurred on Saturday, August 30th. The stock was purchased at an average price of $12.81 per share, with a total value of $11,400.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 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 7.71.

Immersion Corp. (NASDAQ:IMMR) last announced its earnings results on Thursday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Immersion Corp. currently has a consensus rating of “Buy” and a consensus 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.