Immersion Corporation (IMMR) is Reiterated by Craig Hallum to Buy, Lowers Price Target to $ 10

Immersion Corporation (IMMR) was Reiterated by Craig Hallum to “Buy” while Lowering the Price Target of the company shares to $ 10 from a previous price target of $12 . Craig Hallum advised their investors in a research report released on May 6, 2016.

Many Wall Street Analysts have commented on Immersion Corporation. Lake Street Initiated Immersion Corporation on Apr 18, 2016 to “Buy”, Price Target of the shares are set at $11.25.Shares were Reiterated by Craig Hallum on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 12 from a previous price target of $16 .

On the company’s financial health, Immersion Corporation reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.05. The company had revenue of $13.60 million for the quarter, compared to analysts expectations of $13.89 million. The company’s revenue was down -16.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.

Immersion Corporation closed down -0.09 points or -1.25% at $7.09 with 1,47,366 shares getting traded on Wednesday. Post opening the session at $7.13, the shares hit an intraday low of $7.06 and an intraday high of $7.35 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 13, 2015, Jason Patton (VP/GM,Content & Media Business) sold 1,855 shares at $11.90 per share price. According to the SEC, on Feb 26, 2015, Paul F Norris (Chief Financial Officer) sold 1,492 shares at $8.32 per share price.

Immersion Corporation is an intellectual property (IP) and software licensing company focused on the creation design development and licensing of haptic innovations and software that allow people to use their sense of touch more when operating a range of digital devices. The Company is focusing its marketing and business development activities on the following markets: mobile devices wearables consumer mobile entertainment and other content; console gaming; automotive; medical and commercial. In the target markets it licenses the software and IP to manufacturers for use in products sold under their own brand names. It has software licenses for TouchSense TouchSense 1000 TouchSense 2000 TouchSense Core Integrator and TouchSense Engage. It offers patent licenses in Basic Haptics and Force Feedback. It also offers Turn-key Engineering and Integration Services Design Kits for Prototyping Authoring Tools Application Programming Interfaces and Platform Independent Solutions.

Immersion Corporation

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