Maxim Group Analysts Give Dolphin Entertainment (DLPN) a $6.00 Price Target

Dolphin Entertainment (NASDAQ:DLPN) has been given a $6.00 price target by equities research analysts at Maxim Group in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Maxim Group’s price objective would indicate a potential upside of 109.06% from the company’s previous close.

A number of other brokerages have also recently issued reports on DLPN. Zacks Investment Research cut Dolphin Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. ValuEngine cut Dolphin Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd.

DLPN remained flat at $$2.87 during midday trading on Wednesday. The company’s stock had a trading volume of 7,751 shares, compared to its average volume of 53,928. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.38 and a current ratio of 0.38. Dolphin Entertainment has a 12-month low of $2.47 and a 12-month high of $11.99. The company has a market capitalization of $39.19 million, a PE ratio of -14.35 and a beta of 8.91.

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Royal Bank of Canada bought a new position in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 34,743 shares of the company’s stock, valued at approximately $122,000. Royal Bank of Canada owned about 0.31% of Dolphin Entertainment at the end of the most recent quarter. 0.99% of the stock is currently owned by institutional investors.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc produces and distributes online digital content in the United States. The company operates as a content producer of motion pictures, as well as produces Web series and feature films. In addition, it operates an entertainment public relations agency, which offers talent, marketing, and strategic communications services, as well as brand and digital marketing services.

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