Immersion - IMMR Stock Forecast, Price & News

Immersion Corporation, together with its subsidiaries, invents, scales, 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 content. In addition, the company offers reference designs and reference technology, engineering and integration services, and software and firmware services. The company offers its products to 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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IMMR. Craig Hallum dropped their target price on shares of Immersion from $12.00 to $10.00 and set a "buy" rating on the stock in a report on Tuesday, June 7th. StockNews.com lowered shares of Immersion from a "buy" rating to a "hold" rating in a report on Monday.

Immersion Trading Up 2.9 %

Shares of NASDAQ:IMMR opened at $6.04 on Tuesday. The firm's 50-day moving average price is $5.57 and its 200-day moving average price is $5.27. Immersion has a 1-year low of $4.28 and a 1-year high of $9.78. The firm has a market capitalization of $203.03 million, a P/E ratio of 12.58 and a beta of 1.62.

Insider Activity

In other Immersion news, insider William C. Martin bought 10,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The shares were bought at an average price of $5.61 per share, for a total transaction of $56,100.00. Following the acquisition, the insider now directly owns 432,831 shares of the company's stock, valued at approximately $2,428,181.91. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider William C. Martin acquired 50,000 shares of Immersion stock in a transaction on Friday, May 27th. The stock was acquired at an average cost of $5.72 per share, with a total value of $286,000.00. Following the transaction, the insider now owns 422,831 shares of the company's stock, valued at approximately $2,418,593.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William C. Martin bought 10,000 shares of Immersion stock in a transaction dated Tuesday, May 31st. The shares were bought at an average cost of $5.61 per share, with a total value of $56,100.00. Following the completion of the transaction, the insider now directly owns 432,831 shares in the company, valued at $2,428,181.91. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company's stock.