NASDAQ:IMMR - Immersion Stock Price, Price Target & More

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$16.49 -0.41 (-2.43 %)
(As of 06/17/2018 04:00 PM ET)
Previous Close$16.49
Today's Range$16.48 - $16.9350
52-Week Range$5.76 - $17.70
Volume903,388 shs
Average Volume783,191 shs
Market Capitalization$502.52 million
P/E Ratio-13.86
Dividend YieldN/A
Beta1.21

About Immersion (NASDAQ:IMMR)

Immersion logoImmersion 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 toolkits that enable original equipment manufacturers and their suppliers to add customized haptic technologies to their own branded devices and other products. 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 mobile content, including games, ads, and video. In addition, the company offers TouchSense Force, which comprises design tools, APIs, reference designs, and firmware for the PC/Console gaming/virtual reality markets. 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, application programming interfaces, 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
SymbolNASDAQ:IMMR
CUSIP45252110
Phone408-467-1900

Debt

Debt-to-Equity RatioN/A
Current Ratio9.80
Quick Ratio9.80

Price-To-Earnings

Trailing P/E Ratio-13.86
Forward P/E Ratio9.37
P/E Growth0.62

Sales & Book Value

Annual Sales$35.01 million
Price / Sales14.35
Cash FlowN/A
Price / CashN/A
Book Value$0.33 per share
Price / Book49.97

Profitability

EPS (Most Recent Fiscal Year)($1.19)
Net Income$-45,290,000.00
Net Margins33.68%
Return on Equity118.96%
Return on Assets55.89%

Miscellaneous

Employees81
Outstanding Shares30,470,000

Immersion (NASDAQ:IMMR) Frequently Asked Questions

What is Immersion's stock symbol?

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

How were Immersion's earnings last quarter?

Immersion Co. (NASDAQ:IMMR) posted its earnings results on Thursday, May, 10th. The software maker reported $2.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.57 by $0.77. The software maker had revenue of $85.42 million for the quarter, compared to analysts' expectations of $57.70 million. Immersion had a return on equity of 118.96% and a net margin of 33.68%. Immersion's quarterly revenue was up 826.5% on a year-over-year basis. During the same period last year, the firm earned ($0.39) earnings per share. View Immersion's Earnings History.

When is Immersion's next earnings date?

Immersion is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Immersion.

What price target have analysts set for IMMR?

4 brokers have issued 1-year target prices for Immersion's shares. Their forecasts range from $11.00 to $17.00. On average, they anticipate Immersion's stock price to reach $13.5625 in the next twelve months. View Analyst Ratings for Immersion.

What are Wall Street analysts saying about Immersion stock?

Here are some recent quotes from research analysts about Immersion stock:
  • 1. According to Zacks Investment Research, "IMMERSION CORP. develops hardware and software technologies that enable users to interact with computers using their sense of touch. Their patented technologies, which are branded TouchSense, enable devices such as mice, joysticks, knobs, and medical simulation products to deliver tactile sensations that correspond to on-screen events. They focus on four application areas: computing and entertainment, medical simulation, professional and industrial, and three-dimensional capture and interaction. " (5/17/2018)
  • 2. B. Riley analysts commented, "We model Q3 revenue and EBITDA of $7.3MM and $(9.6MM), in line with consensus revenue but below consensus EBITDA of $(8.5MM), respectively. We believe near-term operations likely remained challenging after the $8MM cut to 2017 revenue guidance last quarter (now $30MM-$34MM) after an unfavorable arbitration decision with Sony (U.S.) regarding the sale of DS4 wireless controllers. Recall, IMMR already has a full plate now that it has filed complaints against Apple (AAPL), Samsung, Motorola, and Fitbit (FIT), which will require a significant amount of capital ($21MM-$24MM of anticipated litigation spend this year—largely 1H weighted) and management time. However, management is confident it has the wherewithal to pursue multiple alleged infringers." (10/30/2017)

Are investors shorting Immersion?

Immersion saw a decrease in short interest in the month of May. As of May 31st, there was short interest totalling 1,437,775 shares, a decrease of 34.8% from the May 15th total of 2,203,742 shares. Based on an average daily volume of 1,093,437 shares, the days-to-cover ratio is currently 1.3 days. Currently, 4.8% of the company's stock are sold short.

Who are some of Immersion's key competitors?

Who are Immersion's key executives?

Immersion's management team includes the folowing people:
  • Mr. Carl P. Schlachte Sr., Chairman & Interim CEO (Age 54)
  • Ms. Nancy Erba, Chief Financial Officer (Age 51)
  • Ms. Anne Marie Peters, Gen. Counsel and Sr. VP of IP Licensing & Legal Affairs (Age 47)
  • Mr. Chris Ullrich, VP of Technology
  • Mr. Hossam Bahlool, VP of Marketing

Has Immersion been receiving favorable news coverage?

News stories about IMMR stock have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Immersion earned a news sentiment score of 0.22 on Accern's scale. They also gave news articles about the software maker an impact score of 44.51 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Who are Immersion's major shareholders?

Immersion's stock is owned by a variety of of retail and institutional investors. Top institutional investors include RAGING CAPITAL MANAGEMENT, LLC (15.70%), SENVEST MANAGEMENT, LLC (10.52%), VIEX CAPITAL ADVISORS, LLC (7.50%), BlackRock Inc. (6.18%), Millennium Management LLC (3.60%) and VIEX CAPITAL ADVISORS, LLC (1.40%). Company insiders that own Immersion stock include Anne Marie Peters, David C Habiger, Jack L Saltich, Mahesh Sundaram, Nancy Erba, Raging Capital Management, Llc and Senvest Management, Llc. 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 Nokomis Capital L.L.C., Bluefin Trading LLC, Clearline Capital LP, Northern Trust Corp and BlackRock Inc.. Company insiders that have sold Immersion company stock in the last year include Anne Marie Peters, Mahesh Sundaram, Nancy Erba and Senvest Management, Llc. View Insider Buying and Selling for Immersion.

Which institutional investors are buying Immersion stock?

IMMR stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Baird Financial Group Inc., A.R.T. Advisors LLC, Migdal Insurance & Financial Holdings Ltd., Private Advisor Group LLC, ETF Managers Group LLC, Mackay Shields LLC and Trexquant Investment LP. Company insiders that have bought Immersion stock in the last two years include David C Habiger, Jack L Saltich and Raging Capital Management, Llc. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Immersion's stock price today?

One share of IMMR stock can currently be purchased for approximately $16.49.

How big of a company is Immersion?

Immersion has a market capitalization of $502.52 million and generates $35.01 million in revenue each year. The software maker earns $-45,290,000.00 in net income (profit) each year or ($1.19) on an earnings per share basis. Immersion employs 81 workers across the globe.

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 (IMMR)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  286 (Vote Outperform)
Underperform Votes:  161 (Vote Underperform)
Total Votes:  447
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 6/17/2018 by MarketBeat.com Staff

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