Immersion (NASDAQ:IMMR) Receives Hold (C+) Rating from Weiss Ratings

Immersion (NASDAQ:IMMR)‘s stock had its “hold (c+)” rating reiterated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Immersion from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.25.

Immersion Price Performance

Shares of Immersion stock opened at $7.19 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.04 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $232.93 million, a PE ratio of 2.59 and a beta of 1.16. The business’s 50-day moving average price is $7.07 and its 200-day moving average price is $7.35. Immersion has a 12 month low of $6.47 and a 12 month high of $10.72.

Hedge Funds Weigh In On Immersion

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC grew its position in Immersion by 15.6% during the 2nd quarter. Squarepoint Ops LLC now owns 188,988 shares of the software maker’s stock worth $1,489,000 after acquiring an additional 25,455 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Immersion by 677.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,738 shares of the software maker’s stock worth $61,000 after acquiring an additional 6,743 shares during the last quarter. Engineers Gate Manager LP bought a new position in Immersion during the 2nd quarter worth approximately $129,000. BNP Paribas Financial Markets grew its position in Immersion by 12.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 66,732 shares of the software maker’s stock worth $526,000 after acquiring an additional 7,441 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in Immersion during the 2nd quarter worth approximately $169,000. 60.57% of the stock is currently owned by institutional investors.

Immersion Company Profile

Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of 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.