Immersion Co. (NASDAQ:IMMR – Get Rating)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.
Wall Street Analysts Forecast Growth
Several research firms recently commented on IMMR. StockNews.com downgraded shares of Immersion from a "buy" rating to a "hold" rating in a research report on Monday, August 15th. Craig Hallum decreased their price objective on Immersion from $12.00 to $10.00 and set a "buy" rating for the company in a report on Tuesday, June 7th.
Get Immersion alerts:Immersion Trading Down 1.6 %
The business's 50-day simple moving average is $5.70 and its two-hundred day simple moving average is $5.40. The firm has a market cap of $182.31 million, a price-to-earnings ratio of 20.92 and a beta of 1.56.
Insider Transactions at Immersion
In other news, insider Eric Singer bought 64,007 shares of the company's stock in a transaction that occurred on Thursday, August 18th. The shares were acquired at an average price of $5.15 per share, for a total transaction of $329,636.05. Following the completion of the acquisition, the insider now directly owns 566,246 shares in the company, valued at $2,916,166.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider William C. Martin bought 10,000 shares of the company's stock in a transaction that occurred on Monday, August 29th. The shares were bought at an average price of $5.71 per share, for a total transaction of $57,100.00. Following the transaction, the insider now directly owns 604,094 shares of the company's stock, valued at $3,449,376.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric Singer bought 64,007 shares of the business's stock in a transaction that occurred on Thursday, August 18th. The shares were bought at an average cost of $5.15 per share, for a total transaction of $329,636.05. Following the completion of the purchase, the insider now owns 566,246 shares of the company's stock, valued at $2,916,166.90. The disclosure for this purchase can be found here. Insiders bought a total of 160,501 shares of company stock worth $857,916 over the last three months. 1.80% of the stock is owned by company insiders.Hedge Funds Weigh In On Immersion
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Trexquant Investment LP increased its position in Immersion by 23.3% in the 2nd quarter. Trexquant Investment LP now owns 17,287 shares of the software maker's stock valued at $92,000 after buying an additional 3,272 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Immersion by 3.5% during 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 acquiring an additional 6,244 shares in the last quarter. Northern Trust Corp raised its position in shares of Immersion by 12.0% during the second quarter. Northern Trust Corp now owns 81,561 shares of the software maker's stock worth $436,000 after purchasing an additional 8,712 shares during the period. InterOcean Capital Group LLC bought a new position in shares of Immersion in the 1st quarter worth $56,000. Finally, Cetera Advisors LLC acquired a new stake in Immersion in the 2nd quarter valued at $56,000. Institutional investors own 44.20% of the company's stock.
Immersion Company Profile
(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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