Dolphin Entertainment (NASDAQ:DLPN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “Dolphin Entertainment, Inc. is engaged in production of digital content. The company’s operating segment consists of Dolphin Digital Media and Dolphin Digital Studios. Dolphin Digital Media segment creates and manages social networking websites for children. It has developed Dolphinsecure.com, which is a secure website for children using fingerprint reader technology. Dolphin Digital Studios segment creates original programming that premieres online, with an initial focus on content geared toward tweens and teens. It also provides production services to a related party. Dolphin Entertainment Inc., formerly known as Dolphin Digital Media Inc., is headquartered in Coral Gables, FL. “
A number of other equities analysts also recently weighed in on DLPN. Maxim Group set a $6.00 price target on shares of Dolphin Entertainment and gave the stock a “buy” rating in a research note on Wednesday, July 25th. ValuEngine downgraded shares of Dolphin Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd.
NASDAQ:DLPN traded down $0.13 during trading hours on Thursday, reaching $2.41. 6,600 shares of the company were exchanged, compared to its average volume of 46,937. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The company has a market cap of $36.53 million, a P/E ratio of -12.05 and a beta of 8.62. Dolphin Entertainment has a 52-week low of $2.04 and a 52-week high of $11.99.
Dolphin Entertainment (NASDAQ:DLPN) last posted its quarterly earnings results on Tuesday, August 14th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $5.22 million for the quarter. Dolphin Entertainment had a return on equity of 75.55% and a net margin of 17.98%. research analysts forecast that Dolphin Entertainment will post 0.2 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Dolphin Entertainment stock. Royal Bank of Canada purchased a new position in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 34,743 shares of the company’s stock, valued at approximately $122,000. Royal Bank of Canada owned 0.31% of Dolphin Entertainment as of its most recent SEC filing. 0.68% of the stock is owned by hedge funds and other institutional investors.
About Dolphin Entertainment
Dolphin Entertainment, Inc produces and distributes online digital content in the United States. The company operates as a content producer of motion pictures, as well as produces Web series and feature films. In addition, it operates an entertainment public relations agency, which offers talent, marketing, and strategic communications services, as well as brand and digital marketing services.
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