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Immersion (NASDAQ:IMMR) Stock Crosses Above 200-Day Moving Average of $5.40

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Immersion Co. (NASDAQ:IMMR – Get Rating) 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 equities analysts have weighed in on the company. StockNews.com cut Immersion from a "buy" rating to a "hold" rating in a report on Monday, August 15th. Craig Hallum dropped 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.

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Immersion Trading Down 3.1 %

The company has a 50 day moving average price of $5.70 and a 200-day moving average price of $5.40. The company has a market cap of $176.60 million, a P/E ratio of 20.27 and a beta of 1.56.

Insider Activity

In other Immersion news, insider Eric Singer purchased 64,007 shares of the firm's stock in a transaction dated Thursday, August 18th. The shares were bought at an average price of $5.15 per share, for a total transaction of $329,636.05. Following the purchase, the insider now owns 566,246 shares in the company, valued at approximately $2,916,166.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Eric Singer acquired 64,007 shares of Immersion 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 transaction, the insider now directly owns 566,246 shares of the company's stock, valued at approximately $2,916,166.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William C. Martin acquired 10,000 shares of Immersion stock in a transaction that occurred on Monday, August 29th. The shares were purchased 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 in the company, valued at $3,449,376.74. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 160,501 shares of company stock worth $857,916. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Immersion

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Immersion by 5.3% in the first quarter. Vanguard Group Inc. now owns 1,399,161 shares of the software maker's stock valued at $7,780,000 after buying an additional 70,196 shares during the period. Portolan Capital Management LLC increased its position in Immersion by 67.3% during the 1st quarter. Portolan Capital Management LLC now owns 1,264,245 shares of the software maker's stock valued at $7,029,000 after purchasing an additional 508,552 shares during the period. Royce & Associates LP increased its position in Immersion by 2.5% during the 2nd quarter. Royce & Associates LP now owns 1,132,523 shares of the software maker's stock valued at $6,048,000 after purchasing an additional 28,061 shares during the period. Jacob Asset Management of New York LLC raised its holdings in Immersion by 45.0% during the 1st quarter. Jacob Asset Management of New York LLC now owns 708,476 shares of the software maker's stock worth $3,939,000 after purchasing an additional 220,000 shares during the last quarter. Finally, State Street Corp raised its holdings in Immersion by 4.4% during the 1st quarter. State Street Corp now owns 698,234 shares of the software maker's stock worth $3,882,000 after purchasing an additional 29,368 shares during the last quarter. Institutional investors own 44.20% of the company's stock.

Immersion Company Profile

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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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