NASDAQ:IMMRImmersion Stock Price, Forecast & News

$6.76

-0.16 (-2.31 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$6.67

Now: $6.76▼

$6.87

50-Day Range

$5.90

MA: $6.57▼

$7.05

52-Week Range

$4.23

Now: $6.76▼

$8.66

Volume226,285 shs

Average Volume233,271 shs

Market Capitalization$188.19 million

P/E RatioN/A

Dividend YieldN/A

Beta1.51

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Immersion has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.00, Immersion has a potential upside of 33.2% from its current price of $6.76.
Amount of Analyst Coverage
Immersion has only been the subject of 1 research reports in the past 90 days.

2.9 Community Rank

Outperform Votes
Immersion has received 389 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Immersion has received 290 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Immersion has received 57.29% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Immersion does not currently pay a dividend.
Dividend Growth
Immersion does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Immersion insiders have sold 182.77% more of their company's stock than they have bought. Specifically, they have bought $16,230.00 in company stock and sold $45,894.00 in company stock.
Percentage Held by Insiders
Only 1.75% of the stock of Immersion is held by insiders.
Percentage Held by Institutions
81.40% of the stock of Immersion is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Immersion are expected to grow in the coming year, from ($0.02) to $0.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Immersion is -15.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Immersion is -15.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Immersion has a P/B Ratio of 2.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.61 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Computer peripheral equipment, not elsewhere classified

Sub-IndustryComputer Storage & Peripherals

SectorComputer and Technology

Current SymbolNASDAQ:IMMR

Previous Symbol

CUSIP45252110

CIK1058811

Webwww.immersion.com

Phone408-467-1900

Debt

Debt-to-Equity RatioN/A

Current Ratio7.77

Quick Ratio7.77

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$35.95 million

Price / Sales5.23

Cash FlowN/A

Price / Cash FlowN/A

Book Value$2.43 per share

Price / Book2.78

Profitability

EPS (Most Recent Fiscal Year)($0.56)

Net Income$-20,040,000.00

Net Margins-37.36%

Return on Equity-14.91%

Return on Assets-9.62%

Miscellaneous

Employees64

Outstanding Shares27,860,000

Market Cap$188.19 million

Next Earnings Date8/6/2020 (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 Coronavirus reached pandemic status according to the World Health Organization. Since then, IMMR stock has increased by 31.2% and is now trading at $6.7550. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Immersion?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Immersion in the last year. There are currently 1 buy rating 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 Thursday, August 6th 2020. View our earnings forecast for Immersion.

How were Immersion's earnings last quarter?

Immersion Co. (NASDAQ:IMMR) posted its quarterly earnings results on Thursday, May, 7th. The software maker reported ($0.08) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.07) by $0.01. The software maker had revenue of $6.26 million for the quarter. Immersion had a negative net margin of 37.36% and a negative return on equity of 14.91%. View Immersion's earnings history.

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

Immersion updated 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 earnings per share 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?

1 Wall Street analysts have issued twelve-month price targets for Immersion's shares. Their forecasts range from $9.00 to $9.00. On average, they expect Immersion's share price to reach $9.00 in the next year. This suggests a possible upside of 33.2% from the stock's current price. View analysts' price targets for Immersion.

Has Immersion been receiving favorable news coverage?

Media stories about IMMR stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Immersion earned a news impact score of -1.4 on InfoTrie's scale. They also assigned press coverage about the software maker a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutImmersion.

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). View all competitors.

What other stocks do shareholders of Immersion own?

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

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (7.59%), State Street Corp (2.26%), Fondren Management LP (1.69%), Geode Capital Management LLC (1.68%), Morgan Stanley (1.10%) and Two Sigma Investments LP (0.95%). 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 institutional investors are selling Immersion stock?

IMMR stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Two Sigma Investments LP, WINTON GROUP Ltd, Squarepoint Ops LLC, Bank of New York Mellon Corp, AQR Capital Management LLC, Two Sigma Advisers LP, and UBS Group AG. View insider buying and selling activity for Immersion.

Which institutional investors are buying Immersion stock?

IMMR stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, Fondren Management LP, Millrace Asset Group Inc., Invenomic Capital Management LP, State Street Corp, Geode Capital Management LLC, Fuller & Thaler Asset Management Inc., and Alliancebernstein L.P.. 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 $6.76.

How big of a company is Immersion?

Immersion has a market capitalization of $188.19 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.

What is Immersion's official website?

The official website for Immersion is 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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff