Immersion (IMMR) Rating Increased to Sell at ValuEngine
Immersion (NASDAQ:IMMR) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.
Several other analysts have also recently weighed in on the company. Zacks Investment Research raised Immersion from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a report on Thursday, November 9th. B. Riley reissued a “buy” rating and set a $9.75 price objective on shares of Immersion in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $10.17.
Shares of Immersion (IMMR) opened at $7.50 on Friday. Immersion has a twelve month low of $5.76 and a twelve month high of $11.92.
Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Immersion by 7.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,283,298 shares of the software maker’s stock worth $11,653,000 after buying an additional 89,010 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Immersion by 32.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 99,785 shares of the software maker’s stock worth $906,000 after buying an additional 24,384 shares during the period. B. Riley Financial Inc. acquired a new position in shares of Immersion during the 2nd quarter worth about $758,000. Intrinsic Edge Capital Management LLC acquired a new position in shares of Immersion during the 2nd quarter worth about $1,046,000. Finally, Geode Capital Management LLC grew its position in shares of Immersion by 3.0% during the 1st quarter. Geode Capital Management LLC now owns 249,334 shares of the software maker’s stock worth $2,159,000 after buying an additional 7,191 shares during the period. 78.49% of the stock is owned by hedge funds and other institutional investors.
Immersion 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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