Immersion’s (IMMR) Buy Rating Reiterated at BWS Financial

Immersion (NASDAQ:IMMR)‘s stock had its “buy” rating restated by research analysts at BWS Financial in a note issued to investors on Wednesday,Benzinga reports. They presently have a $13.50 target price on the software maker’s stock. BWS Financial’s target price indicates a potential upside of 39.32% from the company’s previous close.

Separately, StockNews.com upgraded shares of Immersion from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th.

Immersion Stock Down 1.0 %

Shares of NASDAQ:IMMR opened at $9.69 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. Immersion has a fifty-two week low of $6.54 and a fifty-two week high of $13.94. The stock has a market cap of $312.75 million, a price-to-earnings ratio of 4.80 and a beta of 1.51. The firm’s 50 day moving average price is $8.72 and its 200 day moving average price is $9.58.

Immersion (NASDAQ:IMMR) last released its quarterly earnings data on Monday, December 16th. The software maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.68. Immersion had a net margin of 40.62% and a return on equity of 27.05%. As a group, equities research analysts predict that Immersion will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Immersion

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its holdings in shares of Immersion by 43.3% during the 2nd quarter. Renaissance Technologies LLC now owns 498,213 shares of the software maker’s stock worth $4,688,000 after acquiring an additional 150,513 shares during the period. Segall Bryant & Hamill LLC purchased a new position in Immersion during the third quarter worth approximately $3,113,000. Los Angeles Capital Management LLC grew its stake in shares of Immersion by 151.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 209,675 shares of the software maker’s stock valued at $1,973,000 after buying an additional 126,247 shares during the period. Marshall Wace LLP grew its stake in shares of Immersion by 226.9% during the 2nd quarter. Marshall Wace LLP now owns 178,859 shares of the software maker’s stock valued at $1,683,000 after buying an additional 124,143 shares during the period. Finally, MorganRosel Wealth Management LLC acquired a new stake in shares of Immersion during the 3rd quarter worth $1,063,000. 60.57% of the stock is owned by institutional investors and hedge funds.

Immersion Company Profile

Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of 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.