Immersion’s (IMMR) “Buy” Rating Reiterated at BWS Financial

Immersion (NASDAQ:IMMR)‘s stock had its “buy” rating reissued by equities research analysts at BWS Financial in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $13.50 price objective on the software maker’s stock. BWS Financial’s price target indicates a potential upside of 60.33% from the stock’s previous close.

Immersion Price Performance

IMMR opened at $8.42 on Wednesday. The stock has a fifty day simple moving average of $8.77 and a two-hundred day simple moving average of $9.16. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The company has a market cap of $271.80 million, a price-to-earnings ratio of 3.01 and a beta of 1.50. Immersion has a 12-month low of $6.54 and a 12-month high of $13.94.

Immersion (NASDAQ:IMMR) last posted its quarterly earnings data on Monday, December 16th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.68. Immersion had a return on equity of 28.08% and a net margin of 11.79%. Research analysts predict that Immersion will post 1.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Immersion

Several institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its position in shares of Immersion by 10.2% during the second quarter. The Manufacturers Life Insurance Company now owns 12,315 shares of the software maker’s stock valued at $116,000 after buying an additional 1,139 shares during the last quarter. Hanseatic Management Services Inc. boosted its position in shares of Immersion by 2.6% during the third quarter. Hanseatic Management Services Inc. now owns 54,679 shares of the software maker’s stock valued at $488,000 after buying an additional 1,411 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Immersion by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 86,910 shares of the software maker’s stock valued at $775,000 after buying an additional 2,416 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Immersion by 5.8% during the third quarter. Franklin Resources Inc. now owns 52,804 shares of the software maker’s stock valued at $447,000 after buying an additional 2,879 shares during the last quarter. Finally, Quartz Partners LLC boosted its position in shares of Immersion by 4.8% during the fourth quarter. Quartz Partners LLC now owns 77,546 shares of the software maker’s stock valued at $677,000 after buying an additional 3,570 shares during the last quarter. 60.57% of the stock is currently owned by institutional investors.

Immersion Company Profile

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.