Brokerages forecast that Immersion Corporation (NASDAQ:IMMR) will report earnings per share (EPS) of ($0.18) for the current quarter, Zacks reports. Two analysts have issued estimates for Immersion’s earnings, with the lowest EPS estimate coming in at ($0.21) and the highest estimate coming in at ($0.14). Immersion posted earnings per share of ($0.27) in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The company is expected to issue its next quarterly earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Immersion will report full year earnings of ($0.95) per share for the current financial year, with EPS estimates ranging from ($0.98) to ($0.91). For the next fiscal year, analysts forecast that the company will post earnings of ($0.13) per share, with EPS estimates ranging from ($0.80) to $0.55. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Immersion.

Immersion (NASDAQ:IMMR) last released its earnings results on Thursday, November 2nd. The software maker reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.16. Immersion had a negative return on equity of 100.50% and a negative net margin of 190.18%. The firm had revenue of $11.90 million for the quarter, compared to analyst estimates of $7.33 million. During the same period in the previous year, the company earned $0.34 earnings per share. Immersion’s revenue was down 54.8% compared to the same quarter last year.

IMMR has been the subject of a number of recent analyst reports. B. Riley reiterated a “buy” rating and issued a $9.75 price target on shares of Immersion in a research report on Monday, October 30th. ValuEngine lowered Immersion from a “sell” rating to a “strong sell” rating in a research report on Friday, November 17th. Finally, Zacks Investment Research upgraded Immersion from a “hold” rating to a “buy” rating and set a $7.25 price target for the company in a research report on Thursday, November 9th. One equities research 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’s stock. Immersion has a consensus rating of “Buy” and a consensus target price of $10.17.

Immersion (IMMR) traded down $0.08 during trading hours on Wednesday, hitting $7.03. The company had a trading volume of 209,900 shares, compared to its average volume of 248,465. Immersion has a fifty-two week low of $5.76 and a fifty-two week high of $11.92.

In other Immersion news, major shareholder Raging Capital Management, Llc acquired 154,997 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was purchased at an average cost of $7.27 per share, for a total transaction of $1,126,828.19. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired a total of 1,106,116 shares of company stock valued at $8,018,881 over the last 90 days. Corporate insiders own 7.22% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in Immersion during the 3rd quarter worth about $1,179,000. Jane Street Group LLC boosted its position in Immersion by 199.2% during the 3rd quarter. Jane Street Group LLC now owns 29,154 shares of the software maker’s stock worth $238,000 after acquiring an additional 58,555 shares during the period. Vident Investment Advisory LLC boosted its position in Immersion by 60.9% during the 3rd quarter. Vident Investment Advisory LLC now owns 1,393,439 shares of the software maker’s stock worth $11,384,000 after acquiring an additional 527,185 shares during the period. PEAK6 Investments L.P. boosted its position in Immersion by 265.8% during the 3rd quarter. PEAK6 Investments L.P. now owns 201,832 shares of the software maker’s stock worth $1,649,000 after acquiring an additional 146,653 shares during the period. Finally, B. Riley Financial Inc. lifted its holdings in shares of Immersion by 76.7% during the 3rd quarter. B. Riley Financial Inc. now owns 147,453 shares of the software maker’s stock valued at $1,205,000 after buying an additional 64,013 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

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About Immersion

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.

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