Immersion (IMMR) Projected to Post Earnings on Wednesday

Immersion (NASDAQ:IMMR) is anticipated to announce its results before the market opens on Wednesday, July 8th. Analysts expect Immersion to post earnings of $0.0980 per share and revenue of $610.00 million for the quarter.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings results on Friday, May 1st. The software maker reported ($0.31) earnings per share (EPS) for the quarter. The business had revenue of $518.49 million for the quarter. Immersion had a negative return on equity of 4.54% and a negative net margin of 0.97%. On average, analysts expect Immersion to post $-0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Immersion Price Performance

Shares of NASDAQ:IMMR opened at $6.75 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.16 and a current ratio of 1.83. The stock has a market cap of $223.59 million, a PE ratio of 337.75 and a beta of 1.03. Immersion has a one year low of $5.25 and a one year high of $8.15. The business’s fifty day moving average price is $6.43 and its two-hundred day moving average price is $6.35.

Analyst Ratings Changes

IMMR has been the topic of several recent research reports. Wall Street Zen downgraded shares of Immersion from a “hold” rating to a “sell” rating in a research report on Sunday. Zacks Research upgraded shares of Immersion to a “hold” rating in a research note on Friday, May 8th. Finally, Weiss Ratings cut Immersion from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.50.

Hedge Funds Weigh In On Immersion

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in Immersion by 85.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,429 shares of the software maker’s stock valued at $33,000 after acquiring an additional 2,041 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Immersion by 677.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,738 shares of the software maker’s stock worth $61,000 after acquiring an additional 6,743 shares during the period. XTX Topco Ltd purchased a new position in shares of Immersion in the second quarter valued at $80,000. Virtu Financial LLC purchased a new position in shares of Immersion in the fourth quarter valued at $84,000. Finally, Parallel Advisors LLC bought a new stake in shares of Immersion during the 4th quarter valued at $86,000. Institutional investors and hedge funds own 60.57% of the company’s stock.

Immersion Company Profile

Immersion Corporation is a technology company specializing in the development and licensing of haptic feedback solutions. The company’s proprietary software and hardware technologies enable devices to simulate the sense of touch, enhancing user experiences across a range of electronic products. Immersion’s core offerings include touch-feedback algorithms, software development kits, and reference designs that can be integrated into smartphones, gaming controllers, wearable devices, automotive infotainment systems, medical simulators and virtual or augmented reality platforms.

Since its founding in 1993, Immersion has built an extensive intellectual property portfolio of more than 950 issued patents worldwide.