Immersion (IMMR) Upgraded to Sell at ValuEngine
Immersion (NASDAQ:IMMR) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.
Other equities analysts have also issued research reports about the stock. B. Riley initiated coverage on shares of Immersion in a research report on Thursday, August 10th. They set a “buy” rating and a $9.75 price objective on the stock. Zacks Investment Research raised shares of Immersion from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Immersion has an average rating of “Buy” and an average price target of $10.17.
Shares of Immersion (IMMR) traded down $0.11 on Friday, reaching $7.50. 862,610 shares of the company traded hands, compared to its average volume of 440,056. Immersion has a 52-week low of $5.76 and a 52-week high of $11.92.
Hedge funds have recently made changes to their positions in the business. American International Group Inc. grew its holdings in Immersion by 7.1% during the first quarter. American International Group Inc. now owns 17,824 shares of the software maker’s stock valued at $154,000 after purchasing an additional 1,182 shares during the last quarter. Voya Investment Management LLC grew its holdings in Immersion by 14.1% during the second quarter. Voya Investment Management LLC now owns 20,218 shares of the software maker’s stock valued at $184,000 after purchasing an additional 2,501 shares during the last quarter. ETF Managers Group LLC acquired a new position in Immersion during the second quarter valued at approximately $221,000. Sei Investments Co. acquired a new position in Immersion during the second quarter valued at approximately $221,000. Finally, Alliancebernstein L.P. acquired a new position in Immersion during the second quarter valued at approximately $232,000. Institutional investors own 78.49% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Immersion (IMMR) Upgraded to Sell at ValuEngine” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/12/03/immersion-immr-upgraded-to-sell-at-valuengine.html.
Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Immersion Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Immersion Corporation and related companies with MarketBeat.com's FREE daily email newsletter.