Dolphin Entertainment (NASDAQ:DLPN) Trading Down 4.5% – What’s Next?

Dolphin Entertainment, Inc. (NASDAQ:DLPN) shares were down 4.5% during mid-day trading on Thursday . The stock traded as low as $1.06 and last traded at $1.06. Approximately 9,470 shares changed hands during trading, a decline of 44% from the average session volume of 16,950 shares. The stock had previously closed at $1.11.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Dolphin Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Dolphin Entertainment Stock Down 4.5%

The company has a debt-to-equity ratio of 1.99, a current ratio of 0.73 and a quick ratio of 0.73. The stock’s fifty day simple moving average is $1.15 and its 200-day simple moving average is $1.41. The stock has a market cap of $13.80 million, a P/E ratio of -3.66 and a beta of 1.88.

Dolphin Entertainment (NASDAQ:DLPN) last posted its earnings results on Tuesday, May 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.12). The company had revenue of $12.80 million for the quarter, compared to the consensus estimate of $13.60 million. Dolphin Entertainment had a negative net margin of 6.02% and a negative return on equity of 41.42%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dolphin Entertainment stock. Renaissance Technologies LLC boosted its stake in Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,400 shares of the company’s stock after buying an additional 9,500 shares during the period. Renaissance Technologies LLC owned 0.39% of Dolphin Entertainment worth $74,000 as of its most recent SEC filing. 8.87% of the stock is owned by institutional investors.

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.