Immersion (NASDAQ:IMMR) Earns “Buy” Rating from BWS Financial

Immersion (NASDAQ:IMMR)‘s stock had its “buy” rating restated by equities researchers at BWS Financial in a note issued to investors on Wednesday,Benzinga reports. They currently have a $13.50 target price on the software maker’s stock. BWS Financial’s price target would indicate a potential upside of 51.01% from the stock’s previous close.

Separately, StockNews.com raised Immersion from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th.

Immersion Trading Up 0.4 %

IMMR opened at $8.94 on Wednesday. The firm has a 50 day simple moving average of $8.74 and a 200 day simple moving average of $9.57. Immersion has a fifty-two week low of $6.54 and a fifty-two week high of $13.94. The company has a market cap of $288.55 million, a price-to-earnings ratio of 4.36 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.72.

Immersion (NASDAQ:IMMR) last released its earnings results on Monday, December 16th. The software maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.68. Immersion had a net margin of 40.62% and a return on equity of 27.05%. On average, sell-side analysts anticipate that Immersion will post 1.96 earnings per share for the current year.

Institutional Trading of Immersion

A number of large investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in Immersion by 43.3% during the second quarter. Renaissance Technologies LLC now owns 498,213 shares of the software maker’s stock worth $4,688,000 after acquiring an additional 150,513 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Immersion during the third quarter worth about $3,113,000. Los Angeles Capital Management LLC lifted its holdings in shares of Immersion by 151.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 209,675 shares of the software maker’s stock valued at $1,973,000 after purchasing an additional 126,247 shares in the last quarter. Marshall Wace LLP grew its position in shares of Immersion by 226.9% in the 2nd quarter. Marshall Wace LLP now owns 178,859 shares of the software maker’s stock valued at $1,683,000 after purchasing an additional 124,143 shares during the period. Finally, MorganRosel Wealth Management LLC bought a new stake in Immersion during the 3rd quarter worth approximately $1,063,000. Institutional investors own 60.57% of the company’s stock.

About Immersion

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.