Should I buy or sell Immersion stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Immersion in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IMMR shares. View IMMR analyst ratings or view top-rated stocks .

What is Immersion's stock price target for 2024?

1 analysts have issued twelve-month price targets for Immersion's shares. Their IMMR share price targets range from $11.00 to $11.00. On average, they anticipate the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 64.7% from the stock's current price. View analysts price targets for IMMR or view top-rated stocks among Wall Street analysts .

How have IMMR shares performed in 2023?

Immersion's stock was trading at $7.03 at the start of the year. Since then, IMMR shares have decreased by 5.0% and is now trading at $6.68. View the best growth stocks for 2023 here .

When is Immersion's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024. View our IMMR earnings forecast .

How were Immersion's earnings last quarter?

Immersion Co. (NASDAQ:IMMR) issued its quarterly earnings results on Monday, November, 13th. The software maker reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by $0.04. The software maker had revenue of $9.48 million for the quarter, compared to analyst estimates of $7.70 million. Immersion had a trailing twelve-month return on equity of 19.34% and a net margin of 115.24%.

How often does Immersion pay dividends? What is the dividend yield for Immersion?

Immersion announced a quarterly dividend on Monday, November 13th. Investors of record on Sunday, January 14th will be given a dividend of $0.045 per share on Thursday, January 25th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Thursday, January 11th. This is a positive change from the stock's previous quarterly dividend of $0.03. Read our dividend analysis for IMMR .

Is Immersion a good dividend stock?

Immersion (NASDAQ:IMMR) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.81%. The dividend payout ratio is 10.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IMMR will have a dividend payout ratio of 16.22% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for IMMR .

What ETF holds Immersion's stock ?

ProShares Metaverse ETF holds 21,485 shares of IMMR stock, representing 2.14% of its portfolio.

What is Ramzi Haidamus' approval rating as Immersion's CEO?

3 employees have rated Immersion Chief Executive Officer Ramzi Haidamus on Glassdoor.com . Ramzi Haidamus has an approval rating of 64% among the company's employees.

What other stocks do shareholders of Immersion own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Immersion investors own include NVIDIA (NVDA) , Advanced Micro Devices (AMD) , Netflix (NFLX) , QUALCOMM (QCOM) , Twitter (TWTR) , Micron Technology (MU) , Sorrento Therapeutics (SRNE) , Tesla (TSLA) , Salesforce (CRM) and Trade Desk (TTD) .

Who are Immersion's major shareholders?

Immersion's stock is owned by a number of retail and institutional investors. Top institutional shareholders include HAP Trading LLC (0.00%), LSV Asset Management (5.08%), Group One Trading L.P. (0.00%), Acadian Asset Management LLC (1.80%), Wolverine Trading LLC (0.00%) and American Century Companies Inc. (1.30%). Insiders that own company stock include Aaron Akerman , Eric Singer , Francis Jose , Jared Smith , Michael Rudolf Okada , Opportunities Fund Lp Se Viex, Toro 18 Holdings Llc and William C Martin . View institutional ownership trends .

How do I buy shares of Immersion?

Shares of IMMR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Immersion Stock Price, News & Analysis (NASDAQ:IMMR)

$6.68

+0.05 (+0.75%)

(As of 12/8/2023 ET)

Compare

Today's Range: $6.58
▼
$6.70
50-Day Range: $6.13
▼
$6.85
52-Week Range: $5.94
▼
$9.25

Volume: 316,122 shs
Average Volume: 359,900 shs
Market Capitalization: $212.69 million

P/E Ratio: 5.86
Dividend Yield: 1.80%
Price Target: $11.00

Immersion MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 64.7% Upside
$11.00 Price Target
Short Interest: Bearish
4.30% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.95
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$1.32 M Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.65 out of 5 stars

Computer And Technology Sector

73rd out of 594 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

2nd out of 13 stocks

3.5

Analyst's Opinion

Consensus Rating
Immersion has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $11.00, Immersion has a forecasted upside of 64.7% from its current price of $6.68.
Amount of Analyst Coverage
Immersion has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.30% of the float of Immersion has been sold short.
Short Interest Ratio / Days to Cover
Immersion has a short interest ratio ("days to cover") of 4.5.
Change versus previous month

2.5

Dividend Strength

Dividend Yield
Immersion pays a meaningful dividend of 1.81%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Immersion does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Immersion is 10.53%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Immersion will have a dividend payout ratio of 16.22% next year. This indicates that Immersion will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for IMMR.

3.9

News and Social Media Coverage

News Sentiment
Immersion has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Immersion this week, compared to 1 article on an average week.
Search Interest
2 people have searched for IMMR on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
6 people have added Immersion to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Immersion insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,316,228.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 4.30% of the stock of Immersion is held by insiders.
Percentage Held by Institutions
58.69% of the stock of Immersion is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Immersion are expected to remain at $0.74 per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of Immersion is 5.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Immersion is 5.86, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 222.82.
Price to Book Value per Share Ratio
Immersion has a P/B Ratio of 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Immersion Stock (NASDAQ:IMMR)

Immersion Corporation, together with its subsidiaries, creates, designs, develop, and licenses 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. It also provides software development kits (SDKs) comprising tools, integration software, and effect libraries that allow for the design, encoding, and playback of tactile effects. In addition, the company offers reference designs and reference technology, engineering and integration services, and software and firmware services. It serves mobile communications, wearables, and consumer electronics; gaming and virtual reality (VR); automotive; and other markets. Immersion Corporation was incorporated in 1993 and is headquartered in Aventura, Florida.

IMMR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

IMMR Stock News Headlines

December 7, 2023 | bitcoinmagazine.com

SunnySide, Rosseau Partner To Offer Bitcoin Mining Companies Immersion Cooling Tech

November 30, 2023 | finanznachrichten.de

BitMine Immersion Technologies Inc.: Bitmine Immersion Technologies, Inc. Issues Letter to Shareholders Highlighting Corporate Strategy and Outlook

December 9, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 28, 2023 | finance.yahoo.com

Immersion Corporation (NASDAQ:IMMR) is a favorite amongst institutional investors who own 63%

November 16, 2023 | news.yahoo.com

Blue Valley parents react to Chinese Immersion changes

November 15, 2023 | benzinga.com

Immersion Stock (NASDAQ:IMMR) Earnings Dates and Earning Calls

November 13, 2023 | finance.yahoo.com

Immersion Corp (IMMR) Reports Decline in Q3 Revenues with Increased Dividend

November 13, 2023 | benzinga.com

Immersion: Q3 Earnings Insights

December 9, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 13, 2023 | washingtonpost.com

Immersion: Q3 Earnings Snapshot

November 13, 2023 | finance.yahoo.com

Immersion Corporation Reports Third Quarter 2023 Results

November 12, 2023 | markets.businessinsider.com

Here's what Wall Street expects from Immersion's earnings

November 11, 2023 | benzinga.com

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Immersion Corporation (NASDAQ: IMMR) and Encourages Investors to Contact the Firm

November 10, 2023 | morningstar.com

Immersion Corp IMMR

November 10, 2023 | benzinga.com

Earnings Outlook For Immersion

November 8, 2023 | news.yahoo.com

THese students in Jerome are bilingual, thanks to Dual Immersion

November 6, 2023 | msn.com

Immersion (IMMR) Stock Falls Amid Market Uptick: What Investors Need to Know

November 2, 2023 | finance.yahoo.com

Immersion Signs License Agreement with Razer

November 1, 2023 | finance.yahoo.com

This Immersion Insider Increased Their Holding In The Last Year

November 1, 2023 | investing.com

Immersion stock modestly outperforms S&P 500, despite monthly depreciation

October 31, 2023 | msn.com

Immersion (IMMR) Outperforms Broader Market: What You Need to Know

October 26, 2023 | finance.yahoo.com

Immersion (IMMR) Ascends While Market Falls: Some Facts to Note

October 20, 2023 | msn.com

Dothan High launch Exhibit of Art Immersion with Butch Anthony

October 20, 2023 | theglobeandmail.com

Instrument Name Immersion Corp Instrument Symbol (IMMR-Q)

October 18, 2023 | msn.com

Immersion (IMMR) Declines More Than Market: Some Information for Investors

October 13, 2023 | stocknews.com

The Buzz Around This Under $10 Stock of the Week

October 12, 2023 | msn.com

Immersion (IMMR) Registers a Bigger Fall Than the Market: Important Facts to Note

See More Headlines

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Company Calendar

Ex-Dividend for 10/27 Dividend: 10/13/2023
Dividend Payable: 10/27/2023
Last Earnings: 11/13/2023
Today: 12/09/2023
Fiscal Year End: 12/31/2023
Ex-Dividend for 1/25 Dividend: 1/11/2024
Dividend Payable: 1/25/2024
Next Earnings (Estimated): 2/28/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer peripheral equipment, not elsewhere classified
Sub-Industry: Computer Storage & Peripherals
Sector: Computer and Technology
Current Symbol: NASDAQ:IMMR
CUSIP: 45252110
CIK: 1058811
Web: www.immersion.com
Phone: (408) 467-1900
Fax: 408-467-1901
Employees: 19
Year Founded: 1993

Price Target and Rating

Average Stock Price Target: $11.00
High Stock Price Target: $11.00
Low Stock Price Target: $11.00
Potential Upside/Downside: +64.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.14
Trailing P/E Ratio: 5.86
Forward P/E Ratio: 9.03
P/E Growth: N/A
Net Income: $30.66 million
Net Margins: 115.24%
Pretax Margin: 117.30%
Return on Equity: 19.34%
Return on Assets: 16.14%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 6.23
Quick Ratio: 6.23

Sales & Book Value

Annual Sales: $38.46 million
Price / Sales: 5.53
Cash Flow: $0.79 per share
Price / Cash Flow: 8.49
Book Value: $4.71 per share
Price / Book: 1.42

Miscellaneous

Outstanding Shares: 31,840,000
Free Float: 30,471,000
Market Cap: $212.69 million
Optionable: Optionable
Beta: 1.41

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Key Executives

Mr. Eric Brandon Singer (Age 50)
CEO, President & Chairperson
Comp: $1.38M
Mr. William Charles Martin (Age 45)
Chief Strategy Officer & Director
Comp: $875k
Mr. J. Michael Dodson (Age 62)
Chief Financial Officer
Mr. Leonard Wood (Age 67)
Chief Accounting Officer
Comp: $309.06k
Ms. Sophie Laval
Head of Human Resources

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

IMMR Stock Analysis - Frequently Asked Questions

Should I buy or sell Immersion stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Immersion in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IMMR shares.
View IMMR analyst ratings or view top-rated stocks.
What is Immersion's stock price target for 2024?: 1 analysts have issued twelve-month price targets for Immersion's shares. Their IMMR share price targets range from $11.00 to $11.00. On average, they anticipate the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 64.7% from the stock's current price.
View analysts price targets for IMMR or view top-rated stocks among Wall Street analysts.
How have IMMR shares performed in 2023?: Immersion's stock was trading at $7.03 at the start of the year. Since then, IMMR shares have decreased by 5.0% and is now trading at $6.68.
View the best growth stocks for 2023 here.
When is Immersion's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our IMMR earnings forecast.
How were Immersion's earnings last quarter?: Immersion Co. (NASDAQ:IMMR) issued its quarterly earnings results on Monday, November, 13th. The software maker reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by $0.04. The software maker had revenue of $9.48 million for the quarter, compared to analyst estimates of $7.70 million. Immersion had a trailing twelve-month return on equity of 19.34% and a net margin of 115.24%.
How often does Immersion pay dividends? What is the dividend yield for Immersion?: Immersion announced a quarterly dividend on Monday, November 13th. Investors of record on Sunday, January 14th will be given a dividend of $0.045 per share on Thursday, January 25th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Thursday, January 11th. This is a positive change from the stock's previous quarterly dividend of $0.03.
Read our dividend analysis for IMMR.

Is Immersion a good dividend stock?: Immersion (NASDAQ:IMMR) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.81%. The dividend payout ratio is 10.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IMMR will have a dividend payout ratio of 16.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IMMR.
What ETF holds Immersion's stock ?: ProShares Metaverse ETF holds 21,485 shares of IMMR stock, representing 2.14% of its portfolio.
What is Ramzi Haidamus' approval rating as Immersion's CEO?: 3 employees have rated Immersion Chief Executive Officer Ramzi Haidamus on Glassdoor.com. Ramzi Haidamus has an approval rating of 64% among the company's employees.
What other stocks do shareholders of Immersion own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Immersion investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Netflix (NFLX), QUALCOMM (QCOM), Twitter (TWTR), Micron Technology (MU), Sorrento Therapeutics (SRNE), Tesla (TSLA), Salesforce (CRM) and Trade Desk (TTD).
Who are Immersion's major shareholders?: Immersion's stock is owned by a number of retail and institutional investors. Top institutional shareholders include HAP Trading LLC (0.00%), LSV Asset Management (5.08%), Group One Trading L.P. (0.00%), Acadian Asset Management LLC (1.80%), Wolverine Trading LLC (0.00%) and American Century Companies Inc. (1.30%). Insiders that own company stock include Aaron Akerman, Eric Singer, Francis Jose, Jared Smith, Michael Rudolf Okada, Opportunities Fund Lp Se Viex, Toro 18 Holdings Llc and William C Martin.
View institutional ownership trends.
How do I buy shares of Immersion?: Shares of IMMR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:IMMR) was last updated on 12/9/2023 by MarketBeat.com Staff

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