Immersion (NASDAQ:IMMR) Stock Crosses Above Two Hundred Day Moving Average of $5.40

Shares of Immersion Co. (NASDAQ:IMMRGet Rating) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.40 and traded as high as $5.48. Immersion shares last traded at $5.44, with a volume of 253,558 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on IMMR shares. Craig Hallum decreased their price target on Immersion from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, June 7th. StockNews.com lowered Immersion from a “buy” rating to a “hold” rating in a research note on Monday, August 15th.

Immersion Price Performance

The company has a market cap of $182.31 million, a price-to-earnings ratio of 20.92 and a beta of 1.56. The business has a 50 day simple moving average of $5.70 and a 200 day simple moving average of $5.40.

Insiders Place Their Bets

In other Immersion news, insider Eric Singer acquired 55,110 shares of Immersion stock in a transaction on Monday, August 22nd. The shares were bought at an average price of $5.28 per share, with a total value of $290,980.80. Following the completion of the purchase, the insider now owns 621,356 shares in the company, valued at $3,280,759.68. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider William C. Martin purchased 16,243 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were acquired at an average price of $5.79 per share, with a total value of $94,046.97. Following the completion of the purchase, the insider now directly owns 681,015 shares of the company’s stock, valued at approximately $3,943,076.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric Singer purchased 55,110 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were purchased at an average cost of $5.28 per share, for a total transaction of $290,980.80. Following the purchase, the insider now directly owns 621,356 shares of the company’s stock, valued at $3,280,759.68. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 160,501 shares of company stock valued at $857,916. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Immersion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trexquant Investment LP increased its holdings in Immersion by 23.3% in the second quarter. Trexquant Investment LP now owns 17,287 shares of the software maker’s stock valued at $92,000 after purchasing an additional 3,272 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Immersion by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 182,342 shares of the software maker’s stock valued at $1,014,000 after purchasing an additional 6,244 shares during the last quarter. Northern Trust Corp increased its holdings in Immersion by 12.0% in the second quarter. Northern Trust Corp now owns 81,561 shares of the software maker’s stock valued at $436,000 after purchasing an additional 8,712 shares during the last quarter. InterOcean Capital Group LLC bought a new stake in Immersion in the first quarter valued at about $56,000. Finally, Cetera Advisors LLC bought a new stake in Immersion in the second quarter valued at about $56,000. Institutional investors own 44.20% of the company’s stock.

About Immersion

(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.

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