Immersion's (IMMR) Buy Rating Reaffirmed at BWS Financial

Immersion (NASDAQ:IMMR - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at BWS Financial in a research note issued on Wednesday,Benzinga reports. They currently have a $13.50 price target on the software maker's stock. BWS Financial's price objective points to a potential upside of 51.69% from the stock's previous close.

Separately, StockNews.com upgraded shares of Immersion from a "hold" rating to a "buy" rating in a research report on Thursday, August 29th.

Immersion Trading Down 9.1 %

NASDAQ:IMMR traded down $0.89 during mid-day trading on Wednesday, hitting $8.90. 1,602,775 shares of the company's stock were exchanged, compared to its average volume of 701,929. The company has a current ratio of 1.55, a quick ratio of 0.72 and a debt-to-equity ratio of 0.44. Immersion has a fifty-two week low of $6.54 and a fifty-two week high of $13.94. The company has a 50 day simple moving average of $8.73 and a 200-day simple moving average of $9.58. The firm has a market capitalization of $287.26 million, a P/E ratio of 4.34 and a beta of 1.51.

Immersion (NASDAQ:IMMR - Get Free Report) last announced its earnings results on Monday, December 16th. The software maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.15 by $0.68. Immersion had a return on equity of 27.05% and a net margin of 40.62%. As a group, research analysts expect that Immersion will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On Immersion

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of Immersion during the 2nd quarter valued at $26,000. Copeland Capital Management LLC acquired a new position in shares of Immersion during the third quarter valued at about $59,000. Quantbot Technologies LP bought a new position in shares of Immersion during the 3rd quarter worth about $78,000. Caprock Group LLC acquired a new stake in shares of Immersion in the 2nd quarter valued at about $107,000. Finally, Magnetar Financial LLC bought a new stake in Immersion in the 2nd quarter valued at about $113,000. 60.57% of the stock is owned by institutional investors and hedge funds.

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.