Dolphin Digital Media (NASDAQ:DLPN) Releases Earnings Results

Dolphin Digital Media (NASDAQ:DLPN) posted its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share for the quarter, Zacks reports. Dolphin Digital Media had a negative return on equity of 62.59% and a negative net margin of 28.08%.

Dolphin Digital Media Stock Performance

Shares of DLPN stock traded up $0.06 on Wednesday, hitting $1.67. The company had a trading volume of 49,372 shares, compared to its average volume of 103,736. Dolphin Digital Media has a twelve month low of $0.75 and a twelve month high of $1.88. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.88. The firm has a market cap of $20.01 million, a P/E ratio of -1.29 and a beta of 2.37. The company has a 50-day moving average price of $1.44 and a 200-day moving average price of $1.25.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Dolphin Digital Media in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dolphin Digital Media currently has a consensus rating of “Hold” and an average price target of $5.00.

Insider Transactions at Dolphin Digital Media

In related news, CEO William Iv O’dowd purchased 84,745 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was bought at an average cost of $1.18 per share, with a total value of $99,999.10. Following the completion of the acquisition, the chief executive officer owned 353,724 shares of the company’s stock, valued at $417,394.32. The trade was a 31.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased 127,609 shares of company stock valued at $159,245 over the last three months. Insiders own 19.30% of the company’s stock.

About Dolphin Digital Media

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.