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NASDAQ:IMMRImmersion Stock Price, Forecast & News

$6.76
-0.16 (-2.31 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$6.67
Now: $6.76
$6.87
50-Day Range
$5.90
MA: $6.57
$7.05
52-Week Range
$4.23
Now: $6.76
$8.66
Volume226,285 shs
Average Volume233,271 shs
Market Capitalization$188.19 million
P/E RatioN/A
Dividend YieldN/A
Beta1.51
Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia. Its technologies allow people to use their sense of touch when they engage with various digital products. The company offers TouchSense Lite and TouchSense Premium patent licenses, haptic technologies to original equipment manufacturers. It also provides TouchSense Software Development Kits, which consist of design tools, integration software, and effect libraries that allow for the design, encoding, and playback of tactile effects in content. In addition, the company offers TouchSense Force, which comprises design tools, Application Programming Interfaces (APIs), reference designs, and firmware. Further, the company licenses its patents to implement the licensed software to customers. Additionally, it provides engineering and integration services, design kits for prototyping, authoring tools, APIs, and platform independent solutions. The company offers its products to mobile communications, wearables, and consumer electronics; console and PC gaming; automotive; and medical markets. Immersion Corporation was founded in 1993 and is headquartered in San Jose, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.61 out of 5 stars


Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryComputer Storage & Peripherals
Current SymbolNASDAQ:IMMR
CUSIP45252110
Phone408-467-1900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$35.95 million
Book Value$2.43 per share

Profitability

Net Income$-20,040,000.00

Miscellaneous

Employees64
Market Cap$188.19 million
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Immersion (NASDAQ:IMMR) Frequently Asked Questions

How has Immersion's stock been impacted by COVID-19 (Coronavirus)?

Immersion's stock was trading at $5.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, IMMR stock has increased by 31.2% and is now trading at $6.7550. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Immersion?

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, resulting in a consensus recommendation of "Buy." View analyst ratings for Immersion.

When is Immersion's next earnings date?

Immersion is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Immersion.

How were Immersion's earnings last quarter?

Immersion Co. (NASDAQ:IMMR) announced its quarterly earnings data on Thursday, May, 7th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.07) by $0.01. The software maker earned $6.26 million during the quarter. Immersion had a negative return on equity of 14.91% and a negative net margin of 37.36%. View Immersion's earnings history.

What guidance has Immersion issued on next quarter's earnings?

Immersion updated its FY20 earnings guidance on Thursday, March, 5th. The company provided EPS guidance of $0.04-$0.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.00. The company issued revenue guidance of $31-$35 million, compared to the consensus revenue estimate of $39.50 million.

What price target have analysts set for IMMR?

1 brokers have issued 12 month target prices for Immersion's shares. Their forecasts range from $9.00 to $9.00. On average, they expect Immersion's stock price to reach $9.00 in the next year. This suggests a possible upside of 33.2% from the stock's current price. View analysts' price targets for Immersion.

Has Immersion been receiving favorable news coverage?

News headlines about IMMR stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Immersion earned a news impact score of -3.5 on InfoTrie's scale. They also assigned news stories about the software maker a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutImmersion.

Who are some of Immersion's key competitors?

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), Netflix (NFLX), Intel (INTC), Micron Technology (MU), Alibaba Group (BABA), Baidu (BIDU), Advanced Micro Devices (AMD), salesforce.com (CRM), AT&T (T) and Tesla (TSLA).

Who are Immersion's key executives?

Immersion's management team includes the following people:
  • Ms. Anne Marie Peters Esq., Gen. Counsel, Sr. VP of IP Licensing & Legal Affairs, Interim CFO & Corp. Sec. (Age 48)
  • Ms. Nancy Erba, Chief Financial Officer (Age 52)
  • Mr. Ramzi Haidamus, CEO & Director (Age 55)
  • Mr. Chris Ullrich, VP of Technology
  • Mr. Hossam Bahlool, VP of Marketing

What is Immersion's stock symbol?

Immersion trades on the NASDAQ under the ticker symbol "IMMR."

Who are Immersion's major shareholders?

Immersion's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.59%), State Street Corp (2.26%), Fondren Management LP (1.69%), Geode Capital Management LLC (1.68%), Morgan Stanley (1.10%) and Two Sigma Investments LP (0.95%). Company insiders that own Immersion stock include Aaron Akerman, Anne Marie Peters, David Sugishita, Jonathan Visbal, Kenneth H Traub, Nancy Erba, Opportunities Fund Lp Se Viex, Raging Capital Management, Llc, Ramzi Haidamus, Senvest Management, Llc, Sharon E Holt and Thomas A Lacey. View institutional ownership trends for Immersion.

Which institutional investors are selling Immersion stock?

IMMR stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Two Sigma Investments LP, WINTON GROUP Ltd, Squarepoint Ops LLC, Bank of New York Mellon Corp, AQR Capital Management LLC, Two Sigma Advisers LP, and UBS Group AG. View insider buying and selling activity for Immersion.

Which institutional investors are buying Immersion stock?

IMMR stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Fondren Management LP, Millrace Asset Group Inc., Invenomic Capital Management LP, State Street Corp, Geode Capital Management LLC, Fuller & Thaler Asset Management Inc., and Alliancebernstein L.P.. Company insiders that have bought Immersion stock in the last two years include Aaron Akerman, Jonathan Visbal, Kenneth H Traub, Opportunities Fund Lp Se Viex, Raging Capital Management, Llc, Ramzi Haidamus, and Thomas A Lacey. View insider buying and selling activity for Immersion.

How do I buy shares of Immersion?

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

What is Immersion's stock price today?

One share of IMMR stock can currently be purchased for approximately $6.76.

How big of a company is Immersion?

Immersion has a market capitalization of $188.19 million and generates $35.95 million in revenue each year. The software maker earns $-20,040,000.00 in net income (profit) each year or ($0.56) on an earnings per share basis. Immersion employs 64 workers across the globe.

What is Immersion's official website?

The official website for Immersion is www.immersion.com.

How can I contact Immersion?

Immersion's mailing address is 50 RIO ROBLES, SAN JOSE CA, 95134. The software maker can be reached via phone at 408-467-1900 or via email at [email protected]

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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