BWS Financial Reiterates Buy Rating for Immersion (NASDAQ:IMMR)

Immersion (NASDAQ:IMMR)‘s stock had its “buy” rating reiterated by equities researchers at BWS Financial in a research note issued to investors on Thursday, Benzinga reports. They presently have a $11.00 target price on the software maker’s stock. BWS Financial’s price target indicates a potential upside of 53.42% from the company’s current price.

Separately, StockNews.com upgraded shares of Immersion from a “hold” rating to a “buy” rating in a research report on Friday, March 8th.

Immersion Price Performance

NASDAQ IMMR opened at $7.17 on Thursday. Immersion has a 12 month low of $5.94 and a 12 month high of $8.62. The company has a market capitalization of $227.30 million, a price-to-earnings ratio of 6.96 and a beta of 1.49. The company’s fifty day moving average price is $7.28 and its two-hundred day moving average price is $6.92.

Immersion (NASDAQ:IMMR) last posted its quarterly earnings data on Thursday, March 7th. The software maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.30. Immersion had a net margin of 100.17% and a return on equity of 19.75%. The firm had revenue of $10.38 million for the quarter, compared to the consensus estimate of $9.25 million. As a group, analysts anticipate that Immersion will post 1.11 EPS for the current year.

Insider Transactions at Immersion

In other news, Director Elias Nader sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $8.22, for a total value of $106,860.00. Following the transaction, the director now directly owns 29,266 shares in the company, valued at approximately $240,566.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.50% of the company’s stock.

Institutional Trading of Immersion

A number of large investors have recently modified their holdings of IMMR. Copeland Capital Management LLC acquired a new stake in shares of Immersion in the 3rd quarter worth about $29,000. Tower Research Capital LLC TRC increased its holdings in shares of Immersion by 288.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,142 shares of the software maker’s stock worth $29,000 after acquiring an additional 3,076 shares during the period. Quarry LP acquired a new stake in shares of Immersion in the 1st quarter worth about $39,000. Quantbot Technologies LP acquired a new stake in shares of Immersion in the 3rd quarter worth about $41,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Immersion in the 4th quarter worth about $54,000. Institutional investors and hedge funds own 60.57% of the company’s stock.

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.