Immersion (NASDAQ:IMMR) Earns Buy Rating from BWS Financial

Immersion (NASDAQ:IMMR)‘s stock had its “buy” rating reaffirmed by stock analysts at BWS Financial in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $13.50 price target on the software maker’s stock. BWS Financial’s price target indicates a potential upside of 51.01% from the stock’s previous close.

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

Immersion Stock Performance

Shares of Immersion stock opened at $8.94 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.72. The firm has a market cap of $288.55 million, a price-to-earnings ratio of 4.36 and a beta of 1.51. Immersion has a one year low of $6.54 and a one year high of $13.94. The stock’s 50-day moving average is $8.74 and its 200-day moving average is $9.57.

Immersion (NASDAQ:IMMR) last released its quarterly earnings results 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 return on equity of 27.05% and a net margin of 40.62%. Equities analysts predict that Immersion will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IMMR. Acadian Asset Management LLC bought a new stake in shares of Immersion during the 2nd quarter worth approximately $3,375,000. Segall Bryant & Hamill LLC acquired a new position in Immersion during the third quarter worth $3,113,000. ClariVest Asset Management LLC bought a new stake in Immersion during the second quarter worth $1,571,000. Renaissance Technologies LLC lifted its stake in Immersion by 43.3% in the second quarter. Renaissance Technologies LLC now owns 498,213 shares of the software maker’s stock valued at $4,688,000 after acquiring an additional 150,513 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Immersion by 151.3% in the second quarter. Los Angeles Capital Management LLC now owns 209,675 shares of the software maker’s stock valued at $1,973,000 after acquiring an additional 126,247 shares during the last quarter. 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.