Dolphin Entertainment (NASDAQ:DLPN) Price Target Lowered to $5.00 at Maxim Group

Dolphin Entertainment (NASDAQ:DLPN) had its target price decreased by Maxim Group from $8.00 to $5.00 in a research report sent to investors on Friday morning,Benzinga reports. Maxim Group currently has a buy rating on the stock.

Dolphin Entertainment Price Performance

DLPN opened at $1.09 on Friday. Dolphin Entertainment has a fifty-two week low of $0.95 and a fifty-two week high of $3.70. The firm has a 50-day moving average of $1.30 and a 200 day moving average of $1.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $12.11 million, a P/E ratio of -0.53 and a beta of 1.95.

About Dolphin Entertainment

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.