Immersion Corporation (IMMR) : Analyst Rating Update

Immersion Corporation (IMMR) has an average broker rating of 1.2, which is interpreted as a Strong Buy, as rated by 5 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Immersion Corporation (IMMR) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $15 and the lowest price target forecast is $10. The average forecast of all the analysts is $12.85 and the expected standard deviation is $2.23.

Immersion Corporation (NASDAQ:IMMR): The stock opened at $6.91 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.05 for the day. The stock traded down to $6.77 during the day, due to lack of any buying support eventually closed down at $6.92 with a loss of -0.57% for the day. The stock had closed at $6.96 on the previous day. The total traded volume was 253,392 shares.

Also, Lake Street initiates coverage on Immersion Corporation (NASDAQ:IMMR) In a research note issued to the investors, the brokerage major announces price-target of $11.25 per share.The shares have been rated Buy. The rating by the firm was issued on April 18, 2016. The company shares have dropped -43.55% from its 1 Year high price. On Nov 3, 2015, the shares registered one year high at $14.45 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $6.64 and the 200 Day Moving Average price is recorded at $7.89.

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.

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