Maxim Group Has Lowered Expectations for Dolphin Entertainment (NASDAQ:DLPN) Stock Price

Dolphin Entertainment (NASDAQ:DLPN) had its target price trimmed by Maxim Group from $8.00 to $5.00 in a research note released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Dolphin Entertainment Stock Down 6.0 %

DLPN traded down $0.07 during trading hours on Friday, reaching $1.10. 158,187 shares of the stock traded hands, compared to its average volume of 35,420. Dolphin Entertainment has a fifty-two week low of $0.95 and a fifty-two week high of $3.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $12.22 million, a price-to-earnings ratio of -0.60 and a beta of 1.95. The firm’s fifty day simple moving average is $1.30 and its two-hundred day simple moving average is $1.67.

Dolphin Entertainment (NASDAQ:DLPN) last released its earnings results on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. Dolphin Entertainment had a negative net margin of 31.53% and a negative return on equity of 73.80%. The company had revenue of $11.45 million during the quarter.

Dolphin Entertainment Company Profile

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.