Dolphin Entertainment (NASDAQ:DLPN) Downgraded by Zacks Investment Research to “Hold”

Dolphin Entertainment (NASDAQ:DLPN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Dolphin Entertainment, Inc. is engaged in production of digital content. The company’s operating segment consists of Dolphin Digital Media and Dolphin Digital Studios. Dolphin Digital Media segment creates and manages social networking websites for children. It has developed Dolphinsecure.com, which is a secure website for children using fingerprint reader technology. Dolphin Digital Studios segment creates original programming that premieres online, with an initial focus on content geared toward tweens and teens. It also provides production services to a related party. Dolphin Entertainment Inc., formerly known as Dolphin Digital Media Inc., is headquartered in Coral Gables, FL. “

Separately, ValuEngine raised shares of Dolphin Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Dolphin Entertainment currently has a consensus rating of “Buy” and a consensus target price of $2.63.

NASDAQ DLPN remained flat at $$0.78 on Wednesday. 4,946 shares of the company were exchanged, compared to its average volume of 16,801. The firm has a market cap of $11.30 million, a price-to-earnings ratio of -3.40 and a beta of 7.34. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.87. Dolphin Entertainment has a 12-month low of $0.71 and a 12-month high of $2.50. The stock’s fifty day moving average price is $0.86 and its two-hundred day moving average price is $1.13.

Dolphin Entertainment (NASDAQ:DLPN) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.06) EPS for the quarter. Dolphin Entertainment had a negative return on equity of 43.02% and a negative net margin of 19.48%. The business had revenue of $6.27 million for the quarter. Research analysts anticipate that Dolphin Entertainment will post -0.16 earnings per share for the current year.

A hedge fund recently raised its stake in Dolphin Entertainment stock. Vanguard Group Inc. increased its position in Dolphin Entertainment Inc (NASDAQ:DLPN) by 258.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 527,778 shares of the company’s stock after purchasing an additional 380,724 shares during the quarter. Vanguard Group Inc. owned approximately 3.67% of Dolphin Entertainment worth $554,000 as of its most recent SEC filing. Institutional investors own 8.58% of the company’s stock.

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.

Recommended Story: What is a good dividend yield?

Get a free copy of the Zacks research report on Dolphin Entertainment (DLPN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Dolphin Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dolphin Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.