Immersion (NASDAQ:IMMR) Rating Reiterated by BWS Financial

Immersion (NASDAQ:IMMR - Get Free Report)'s stock had its "buy" rating reissued by research analysts at BWS Financial in a note issued to investors on Monday, Benzinga reports. They currently have a $11.00 price target on the software maker's stock. BWS Financial's price target suggests a potential upside of 30.95% from the stock's previous close.

Separately, StockNews.com cut Immersion from a "buy" rating to a "hold" rating in a report on Thursday.

Immersion Stock Performance

Shares of IMMR traded up $0.10 during mid-day trading on Monday, hitting $8.40. The company's stock had a trading volume of 915,797 shares, compared to its average volume of 503,683. The stock's 50-day moving average is $7.39 and its two-hundred day moving average is $7.00. The firm has a market capitalization of $267.58 million, a PE ratio of 6.13 and a beta of 1.46. Immersion has a one year low of $5.94 and a one year high of $8.62.

Immersion (NASDAQ:IMMR - Get Free Report) last released its earnings results on Thursday, March 7th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.30. The firm had revenue of $10.38 million during the quarter, compared to analysts' expectations of $9.25 million. Immersion had a return on equity of 24.50% and a net margin of 62.74%. Analysts expect that Immersion will post 1.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other Immersion news, Director Elias Nader sold 13,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $8.22, for a total transaction of $106,860.00. Following the completion of the sale, the director now directly owns 29,266 shares in the company, valued at $240,566.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.50% of the company's stock.

Institutional Investors Weigh In On Immersion

A number of hedge funds and other institutional investors have recently made changes to their positions in IMMR. Tower Research Capital LLC TRC raised its position in shares of Immersion by 288.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,142 shares of the software maker's stock valued at $29,000 after buying an additional 3,076 shares in the last quarter. Quantbot Technologies LP bought a new position in Immersion in the third quarter valued at approximately $41,000. SG Americas Securities LLC bought a new position in Immersion in the third quarter valued at approximately $93,000. Brandywine Global Investment Management LLC bought a new position in Immersion in the third quarter valued at approximately $98,000. Finally, Assenagon Asset Management S.A. bought a new position in Immersion in the first quarter valued at approximately $134,000. 60.57% of the stock is currently owned by institutional investors and hedge funds.

About Immersion

Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.