Dolphin Entertainment Inc (NASDAQ:DLPN) has received an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price objective of $2.47 for the company, according to Zacks. Zacks has also assigned Dolphin Entertainment an industry rank of 97 out of 255 based on the ratings given to related companies.
Several equities analysts have recently commented on DLPN shares. Zacks Investment Research downgraded Dolphin Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. ValuEngine raised Dolphin Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
A hedge fund recently raised its stake in Dolphin Entertainment stock. Vanguard Group Inc. grew its position in Dolphin Entertainment Inc (NASDAQ:DLPN) by 258.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 527,778 shares of the company’s stock after purchasing an additional 380,724 shares during the quarter. Vanguard Group Inc. owned about 3.67% of Dolphin Entertainment worth $554,000 as of its most recent SEC filing. Institutional investors own 7.08% of the company’s stock.
DLPN stock traded up $0.01 during midday trading on Friday, hitting $0.69. 2,500 shares of the company’s stock were exchanged, compared to its average volume of 17,715. The stock’s fifty day moving average price is $0.77 and its 200-day moving average price is $1.03. The company has a market cap of $12.14 million, a PE ratio of -3.00 and a beta of 7.30. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.28 and a current ratio of 0.28. Dolphin Entertainment has a one year low of $0.68 and a one year high of $1.90.
Dolphin Entertainment (NASDAQ:DLPN) last posted its earnings results on Tuesday, August 13th. The company reported ($0.06) EPS for the quarter. Dolphin Entertainment had a negative net margin of 19.48% and a negative return on equity of 43.02%. The firm had revenue of $6.27 million during the quarter. On average, analysts expect that Dolphin Entertainment will post -0.16 EPS for the current year.
About Dolphin Entertainment
Dolphin Entertainment, Inc produces and distributes online digital content in the United States. The company operates as a content producer of motion pictures, as well as produces Web series and feature films. In addition, it operates an entertainment public relations agency, which offers talent, marketing, and strategic communications services, as well as brand and digital marketing services.
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