NASDAQ:IMMR - Immersion Stock Price, Forecast & News

Immersion's stock was trading at $5.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, IMMR shares have increased by 0.6% and is now trading at $5.18. View which stocks have been mosted impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Immersion in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Immersion.

Immersion is scheduled to release its next quarterly earnings announcement on Monday, May 11th 2020. View our earnings forecast for Immersion.

Immersion Co. (NASDAQ:IMMR) released its quarterly earnings results on Thursday, March, 5th. The software maker reported $0.10 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.09 by $0.01. The software maker earned $11.50 million during the quarter, compared to the consensus estimate of $12 million. Immersion had a negative return on equity of 21.66% and a negative net margin of 55.75%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) earnings per share. View Immersion's earnings history.

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

2 brokerages have issued twelve-month price objectives for Immersion's shares. Their forecasts range from $9.00 to $13.00. On average, they expect Immersion's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 112.4% from the stock's current price. View analysts' price targets for Immersion.

Media headlines about IMMR stock have been trending somewhat negative this week, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Immersion earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave news coverage about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutImmersion.

Immersion saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 1,650,000 shares, a drop of 18.7% from the February 13th total of 2,030,000 shares. Based on an average daily volume of 228,400 shares, the short-interest ratio is presently 7.2 days. Approximately 5.7% of the company's stock are sold short. View Immersion's Current Options Chain.

Some companies that are related to Immersion include Western Digital (WDC), NetApp (NTAP), Synaptics (SYNA), Intevac (IVAC) and HGST Technologies Santa Ana (STEC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Immersion investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Baidu (BIDU), Intel (INTC), AT&T (T), Alibaba Group (BABA), Twitter (TWTR), Netflix (NFLX) and Applied Materials (AMAT).

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

Immersion's stock is owned by many different institutional and retail investors. Top institutional investors include Cooper Creek Partners Management LLC (4.12%), Kennedy Capital Management Inc. (2.14%), State Street Corp (1.95%), Geode Capital Management LLC (1.36%), Bank of New York Mellon Corp (0.69%) and Baird Financial Group Inc. (0.59%). 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.

IMMR stock was sold by a variety of institutional investors in the last quarter, including Cooper Creek Partners Management LLC, Bank of New York Mellon Corp, Citigroup Inc., Penbrook Management LLC, AQR Capital Management LLC, Alliancebernstein L.P., Nuveen Asset Management LLC, and Private Advisor Group LLC. Company insiders that have sold Immersion company stock in the last year include Anne Marie Peters, and Sharon E Holt. View insider buying and selling activity for Immersion.

IMMR stock was acquired by a variety of institutional investors in the last quarter, including Kennedy Capital Management Inc., State Street Corp, B. Riley Financial Inc., Ibex Investors LLC, Principal Financial Group Inc., UBS Group AG, Levin Capital Strategies L.P., and Virtu Financial LLC. 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.

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.

One share of IMMR stock can currently be purchased for approximately $5.18.

Immersion has a market capitalization of $161.31 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. View additional information about Immersion.

The official website for Immersion is http://www.immersion.com/.

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]