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NASDAQ:IMMR - Immersion Stock Price, Forecast & News

$5.18
-0.26 (-4.78 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$5.16
Now: $5.18
$5.41
50-Day Range
$4.43
MA: $6.60
$8.11
52-Week Range
$4.23
Now: $5.18
$10.74
Volume261,421 shs
Average Volume409,223 shs
Market Capitalization$161.31 million
P/E RatioN/A
Dividend YieldN/A
Beta1.22
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$35.95 million
Book Value$2.63 per share

Profitability

Net Income$-20,040,000.00

Miscellaneous

Employees64
Market Cap$161.31 million
Next Earnings Date5/11/2020 (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 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.

Do Wall Street analysts recommend investors buy shares of Immersion?

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.

When is Immersion's next earnings date?

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

How were Immersion's earnings last quarter?

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.

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

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.

What price target have analysts set for IMMR?

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.

Has Immersion been receiving favorable news coverage?

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.

Are investors shorting Immersion?

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.

Who are some of Immersion's key competitors?

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

What other stocks do shareholders of Immersion own?

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).

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 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.

Which major investors are selling Immersion stock?

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.

Which major investors are buying Immersion stock?

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.

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 $5.18.

How big of a company is Immersion?

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.

What is Immersion's official website?

The official website for Immersion is http://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]


MarketBeat Community Rating for Immersion (NASDAQ IMMR)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  388 (Vote Outperform)
Underperform Votes:  289 (Vote Underperform)
Total Votes:  677
MarketBeat's community ratings are surveys of what our community members think about Immersion and other stocks. Vote "Outperform" if you believe IMMR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IMMR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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