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

Immersion (NASDAQ:IMMR - Get Free Report)'s stock had its "buy" rating restated by BWS Financial in a note issued to investors on Wednesday,Benzinga reports. They presently have a $13.50 price target on the software maker's stock. BWS Financial's price target indicates a potential upside of 62.65% from the company's current price.

Immersion Stock Performance

Shares of IMMR traded down $0.12 during trading hours on Wednesday, hitting $8.30. The stock had a trading volume of 291,358 shares, compared to its average volume of 474,005. The firm has a 50-day moving average price of $8.76 and a 200 day moving average price of $9.10. Immersion has a fifty-two week low of $6.54 and a fifty-two week high of $13.94. The firm has a market capitalization of $267.92 million, a price-to-earnings ratio of 2.96 and a beta of 1.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.65.

Immersion (NASDAQ:IMMR - Get Free Report) last issued its quarterly earnings data on Monday, December 16th. The software maker reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.68. Immersion had a net margin of 11.79% and a return on equity of 28.08%. As a group, research analysts anticipate that Immersion will post 1.57 EPS for the current year.

Hedge Funds Weigh In On Immersion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IMMR. The Manufacturers Life Insurance Company increased its stake in Immersion by 10.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,315 shares of the software maker's stock worth $116,000 after buying an additional 1,139 shares in the last quarter. Hanseatic Management Services Inc. increased 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 worth $488,000 after purchasing an additional 1,411 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 worth $775,000 after purchasing an additional 2,416 shares in the last quarter. Franklin Resources Inc. raised its stake in Immersion by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 52,804 shares of the software maker's stock valued at $447,000 after purchasing an additional 2,879 shares during the last quarter. Finally, Quartz Partners LLC grew its holdings 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 worth $677,000 after buying an additional 3,570 shares in the last quarter. 60.57% of the stock is owned by hedge funds and other institutional investors.

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.