Dolphin Entertainment Inc (NASDAQ:DLPN)’s stock price traded up 18.9% on Wednesday . The stock traded as high as $0.89 and last traded at $0.84, 512,858 shares were traded during trading. An increase of 461% from the average session volume of 91,436 shares. The stock had previously closed at $0.71.
Several equities analysts have weighed in on the company. Maxim Group lowered their target price on Dolphin Entertainment from $2.50 to $1.50 and set a “buy” rating on the stock in a research note on Friday, December 6th. National Securities assumed coverage on Dolphin Entertainment in a research note on Thursday, January 30th. They set a “buy” rating on the stock. Finally, Zacks Investment Research raised Dolphin Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, January 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $1.67.
The firm has a market cap of $13.94 million, a P/E ratio of -2.08 and a beta of 7.55. The company has a 50 day moving average of $0.68 and a 200 day moving average of $0.76. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.27 and a current ratio of 0.27.
Dolphin Entertainment (NASDAQ:DLPN) last announced its quarterly earnings results on Thursday, November 14th. The company reported ($0.05) EPS for the quarter. The firm had revenue of $5.95 million during the quarter. Dolphin Entertainment had a negative net margin of 19.35% and a negative return on equity of 50.95%. As a group, analysts expect that Dolphin Entertainment Inc will post -0.21 EPS for the current fiscal year.
A hedge fund recently raised its stake in Dolphin Entertainment stock. Vanguard Group Inc. lifted its position in Dolphin Entertainment Inc (NASDAQ:DLPN) by 258.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 527,778 shares of the company’s stock after buying an additional 380,724 shares during the quarter. Vanguard Group Inc. owned about 3.67% of Dolphin Entertainment worth $554,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.54% of the company’s stock.
About Dolphin Entertainment (NASDAQ:DLPN)
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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