Dolphin Entertainment Inc (DLPN) Given $3.25 Average Target Price by Brokerages

Dolphin Entertainment Inc (NASDAQ:DLPN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.

Analysts have set a 1-year consensus target price of $3.25 for the company, according to Zacks. Zacks has also given Dolphin Entertainment an industry rank of 91 out of 256 based on the ratings given to related companies.

A number of brokerages have recently commented on DLPN. Zacks Investment Research upgraded Dolphin Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Maxim Group set a $6.00 target price on Dolphin Entertainment and gave the stock a “buy” rating in a research note on Thursday, October 18th. Canaccord Genuity began coverage on Dolphin Entertainment in a research note on Wednesday, November 21st. They issued a “buy” rating and a $3.00 target price on the stock. Finally, LADENBURG THALM/SH SH set a $2.00 target price on Dolphin Entertainment and gave the stock a “buy” rating in a research note on Tuesday, November 20th.

Dolphin Entertainment stock opened at $1.40 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.09. The stock has a market cap of $19.77 million, a price-to-earnings ratio of -7.00 and a beta of 7.63. Dolphin Entertainment has a fifty-two week low of $0.71 and a fifty-two week high of $5.77.

Dolphin Entertainment (NASDAQ:DLPN) last issued its earnings results on Monday, November 19th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Dolphin Entertainment had a negative return on equity of 30.24% and a negative net margin of 6.20%. The firm had revenue of $5.72 million for the quarter. On average, research analysts forecast that Dolphin Entertainment will post 0.14 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. First Wilshire Securities Management Inc. boosted its stake in shares of Dolphin Entertainment by 1,741.1% in the third quarter. First Wilshire Securities Management Inc. now owns 185,051 shares of the company’s stock worth $409,000 after buying an additional 175,000 shares during the last quarter. Granite Investment Partners LLC acquired a new position in Dolphin Entertainment in the 3rd quarter worth about $339,000. Vanguard Group Inc acquired a new position in Dolphin Entertainment in the 3rd quarter worth about $304,000. Finally, Vanguard Group Inc. acquired a new position in Dolphin Entertainment in the 3rd quarter worth about $304,000. Hedge funds and other institutional investors own 7.43% of the company’s stock.

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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