Immersion Co. (NASDAQ:IMMR) Short Interest Update

Immersion Co. (NASDAQ:IMMRGet Rating) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 659,700 shares, a decrease of 15.3% from the June 30th total of 779,100 shares. Based on an average daily volume of 320,500 shares, the short-interest ratio is currently 2.1 days.

Immersion Trading Up 1.0 %

NASDAQ:IMMR opened at $6.16 on Friday. The firm has a market cap of $207.06 million, a PE ratio of 12.83 and a beta of 1.62. The stock has a fifty day moving average price of $5.55 and a 200 day moving average price of $5.24. Immersion has a 12-month low of $4.28 and a 12-month high of $9.78.

Immersion (NASDAQ:IMMRGet Rating) last released its earnings results on Thursday, May 12th. The software maker reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $7.31 million during the quarter. Immersion had a return on equity of 16.47% and a net margin of 44.06%.

Insider Activity

In other news, insider William C. Martin acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, May 31st. The shares were acquired at an average cost of $5.61 per share, with a total value of $56,100.00. Following the completion of the acquisition, the insider now owns 432,831 shares of the company’s stock, valued at $2,428,181.91. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider William C. Martin acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, May 31st. The shares were acquired at an average cost of $5.61 per share, with a total value of $56,100.00. Following the completion of the acquisition, the insider now owns 432,831 shares of the company’s stock, valued at $2,428,181.91. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider William C. Martin bought 50,000 shares of the stock in a transaction dated Friday, May 27th. The stock was bought at an average price of $5.72 per share, for a total transaction of $286,000.00. Following the purchase, the insider now directly owns 422,831 shares of the company’s stock, valued at $2,418,593.32. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Immersion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMMR. Assenagon Asset Management S.A. raised its position in Immersion by 85.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 353,338 shares of the software maker’s stock worth $2,018,000 after acquiring an additional 162,674 shares in the last quarter. Sigma Planning Corp acquired a new stake in Immersion in the fourth quarter valued at $58,000. Greenwood Capital Associates LLC grew its holdings in Immersion by 11.2% in the fourth quarter. Greenwood Capital Associates LLC now owns 160,637 shares of the software maker’s stock valued at $917,000 after purchasing an additional 16,238 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Immersion by 26.7% during the fourth quarter. Royce & Associates LP now owns 1,034,662 shares of the software maker’s stock valued at $5,908,000 after acquiring an additional 218,000 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. acquired a new stake in shares of Immersion during the fourth quarter valued at $31,000. 50.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IMMR shares. Craig Hallum reduced their target price on Immersion from $12.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, June 7th. StockNews.com raised Immersion from a “hold” rating to a “buy” rating in a report on Monday, July 4th.

Immersion Company Profile

(Get Rating)

Immersion Corporation, together with its subsidiaries, invents, scales, and licenses 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.

Further Reading

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