Craig-Hallum analyst Anthony Stoss reiterated a Buy rating on Immersion (IMMR – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $7.51.
Stoss covers the Technology sector, focusing on stocks such as Powerfleet, indie Semiconductor, and Identiv. According to TipRanks, Stoss has an average return of 9.2% and a 55.07% success rate on recommended stocks.
Currently, the analyst consensus on Immersion is a Moderate Buy with an average price target of $10.50.
IMMR market cap is currently $238.1M and has a P/E ratio of 7.19.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IMMR in relation to earlier this year.
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Immersion (IMMR) Company Description:
Immersion Corp. engages in the creation, design, development and licensing of patented haptic innovations and software. The company offers touch sense platform and design services. It focuses on the following target application areas: mobile devices, wearable, consumer, mobile entertainment and other content, console gaming, automotive, medical, and commercial. The company was founded in 1993 and is headquartered in San Jose, CA.
