Maxim Group Cuts Dolphin Entertainment (NASDAQ:DLPN) Price Target to $5.00

Dolphin Entertainment (NASDAQ:DLPN) had its price objective trimmed by Maxim Group from $8.00 to $5.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Dolphin Entertainment Price Performance

DLPN opened at $1.10 on Friday. The stock’s 50 day moving average price is $1.30 and its 200-day moving average price is $1.66. Dolphin Entertainment has a 52-week low of $0.95 and a 52-week high of $3.70. The stock has a market capitalization of $12.22 million, a PE ratio of -0.53 and a beta of 1.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.91 and a current ratio of 0.91.

About Dolphin Entertainment

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.