NASDAQ:IMMR - Immersion Stock Price, Forecast & News

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

Immersion Co. (NASDAQ:IMMR) announced its earnings results on Wednesday, November, 6th. The software maker reported ($0.04) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.09. The software maker earned $10.60 million during the quarter, compared to analyst estimates of $11.34 million. Immersion had a negative return on equity of 26.66% and a negative net margin of 68.35%. Immersion's revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. View Immersion's Earnings History.

Immersion is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Immersion.

Immersion will be holding an earnings conference call on Thursday, March 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

3 Wall Street analysts have issued 1 year price objectives for Immersion's stock. Their forecasts range from $9.50 to $13.00. On average, they expect Immersion's stock price to reach $11.50 in the next twelve months. This suggests a possible upside of 41.8% from the stock's current price. View Analyst Price Targets for Immersion.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Immersion in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Immersion.

Media coverage about IMMR stock has been trending somewhat negative on Thursday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Immersion earned a media sentiment score of -1.9 on InfoTrie's scale. They also assigned press coverage about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Immersion.

Immersion saw a decline in short interest in January. As of January 31st, there was short interest totalling 2,210,000 shares, a decline of 6.8% from the January 15th total of 2,370,000 shares. Based on an average daily volume of 219,800 shares, the days-to-cover ratio is currently 10.1 days. Currently, 7.4% of the shares of the company 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's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Cooper Creek Partners Management LLC (4.12%), State Street Corp (1.95%), Geode Capital Management LLC (1.36%), Bank of New York Mellon Corp (0.69%), Baird Financial Group Inc. (0.59%) and Perritt Capital Management Inc. (0.41%). Company insiders that own Immersion stock include 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., Private Advisor Group LLC and Goldman Sachs Group Inc.. Company insiders that have sold Immersion company stock in the last year include Anne Marie Peters, Nancy Erba and Sharon E Holt. View Insider Buying and Selling for Immersion.

IMMR stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, B. Riley Financial Inc., Ibex Investors LLC, Principal Financial Group Inc., UBS Group AG, Levin Capital Strategies L.P., Virtu Financial LLC and Perritt Capital Management Inc.. Company insiders that have bought Immersion stock in the last two years include 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 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 $8.11.

Immersion has a market capitalization of $257.87 million and generates $110.98 million in revenue each year. The software maker earns $54.34 million in net income (profit) each year or $1.74 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]