Dougherty & Company Just Issued “Buy” Rating on Immersion Corporation (IMMR)

Immersion Corporation (IMMR) was Reiterated by Dougherty & Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 13 from a previous price target of $11 . Dougherty & Company advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Shares were Downgraded by Craig Hallum on Mar 3, 2017 to ” Hold” and Lowered the Price Target to $ 8 from a previous price target of $11 .Company shares were Reiterated by Dougherty & Company on Mar 3, 2017 to “Buy”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .Shares were Downgraded by Craig Hallum on Mar 3, 2017 to ” Hold” and Lowered the Price Target to $ 8 from a previous price target of $11 .Company shares were Reiterated by Dougherty & Company on Mar 3, 2017 to “Buy”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .

On the company’s financial health, Immersion Corporation reported $-0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Mar 2, 2017. Analyst had a consensus of $-0.19. The company had revenue of $9.30 million for the quarter, compared to analysts expectations of $10.66 million. The company’s revenue was down -44.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.07 EPS.

Several company insiders have filed Insider transactions , on Nov 22, 2016, Mahesh Sundaram (VP,Wrldwide Sales&Cust Support) sold 10,452 shares at $10.00 per share price. According to the SEC, on May 13, 2015, Jason Patton (VP/GM,Content & Media Business) sold 1,855 shares at $11.90 per share price. On Feb 26, 2015, Paul F Norris (Chief Financial Officer) sold 1,492 shares at $8.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Immersion Corporation opened for trading at $11.35 and hit $11.58 on the upside on Monday, eventually ending the session at $11.53, with a gain of 0.35% or 0.04 points. The heightened volatility saw the trading volume jump to 3,80,253 shares. Company has a market cap of $332 M.

Immersion Corporation is an intellectual property (IP) and software licensing company focused on the creation design development and licensing of haptic innovations and software that allow people to use their sense of touch more when operating a range of digital devices. The Company is focusing its marketing and business development activities on the following markets: mobile devices wearables consumer mobile entertainment and other content; console gaming; automotive; medical and commercial. In the target markets it licenses the software and IP to manufacturers for use in products sold under their own brand names. It has software licenses for TouchSense TouchSense 1000 TouchSense 2000 TouchSense Core Integrator and TouchSense Engage. It offers patent licenses in Basic Haptics and Force Feedback. It also offers Turn-key Engineering and Integration Services Design Kits for Prototyping Authoring Tools Application Programming Interfaces and Platform Independent Solutions.

Immersion Corporation

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