Maxim Group Has Lowered Expectations for Dolphin Entertainment (NASDAQ:DLPN) Stock Price

Dolphin Entertainment (NASDAQ:DLPN) had its price target trimmed by Maxim Group from $8.00 to $5.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Dolphin Entertainment Stock Performance

Shares of DLPN stock opened at $1.10 on Friday. The company’s fifty day moving average price is $1.30 and its 200-day moving average price is $1.66. The stock has a market cap of $12.22 million, a PE ratio of -0.53 and a beta of 1.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.57. Dolphin Entertainment has a 12 month low of $0.95 and a 12 month high of $3.70.

About Dolphin Entertainment

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.