Zacks Investment Research upgraded shares of Dolphin Entertainment (NASDAQ:DLPN) from a sell rating to a hold rating in a report released on Thursday morning.
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. “
Other analysts have also issued reports about the company. Maxim Group set a $6.00 target price on Dolphin Entertainment and gave the company a buy rating in a research note on Wednesday, August 15th. ValuEngine lowered Dolphin Entertainment from a buy rating to a hold rating in a research note on Thursday, August 2nd.
Dolphin Entertainment stock opened at $2.69 on Thursday. Dolphin Entertainment has a 52-week low of $2.35 and a 52-week high of $11.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28.
Dolphin Entertainment (NASDAQ:DLPN) last announced its earnings results on Tuesday, August 14th. The company reported ($0.01) earnings per share for the quarter. Dolphin Entertainment had a net margin of 17.98% and a return on equity of 75.55%. The business had revenue of $5.22 million during the quarter. equities research analysts forecast that Dolphin Entertainment will post 0.2 EPS for the current year.
An institutional investor recently bought a new position in Dolphin Entertainment stock. Millennium Management LLC bought a new stake in Dolphin Entertainment Inc (NASDAQ:DLPN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 71,460 shares of the company’s stock, valued at approximately $244,000. Millennium Management LLC owned approximately 0.64% of Dolphin Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.68% 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.
Featured Story: Diversification For Individual Investors
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.