News articles about Immersion Corporation (NASDAQ:IMMR) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Immersion Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 45.9172918033409 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Immersion Announces Tencent Licenses TouchSense® Technology to Deliver Next-Generation Interactive Experiences (finance.yahoo.com)
- Commit To Buy Immersion Corp At $5, Earn 8.9% Annualized Using Options (stockoptionschannel.com)
- Immersion Signs License Agreement with Tencent to Incorporate Haptics into Tencent Super NBA Game (finance.yahoo.com)
- Immersion Corporation (IMMR) Scheduled to Post Quarterly Earnings on Thursday (americanbankingnews.com)
Shares of Immersion Corporation (NASDAQ IMMR) traded down 0.12% during trading on Tuesday, hitting $8.16. 38,534 shares of the stock were exchanged. The stock’s market cap is $238.78 million. The firm’s 50 day moving average price is $8.04 and its 200-day moving average price is $8.21. Immersion Corporation has a 52 week low of $6.22 and a 52 week high of $11.92.
Immersion Corporation (NASDAQ:IMMR) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). The company had revenue of $7.00 million during the quarter, compared to analyst estimates of $8.94 million. Immersion Corporation had a negative return on equity of 43.56% and a negative net margin of 113.47%. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.20) earnings per share. On average, analysts predict that Immersion Corporation will post ($1.22) EPS for the current year.
IMMR has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating and set a $10.50 price target on shares of Immersion Corporation in a research report on Monday, July 31st. Zacks Investment Research raised shares of Immersion Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. ValuEngine raised shares of Immersion Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, September 30th. Finally, Cowen and Company set a $11.00 price target on shares of Immersion Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Immersion Corporation presently has an average rating of “Buy” and an average target price of $10.75.
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Immersion Corporation Company Profile
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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