Dolphin Entertainment (NASDAQ:DLPN) Lowered to Sell at ValuEngine

ValuEngine downgraded shares of Dolphin Entertainment (NASDAQ:DLPN) from a hold rating to a sell rating in a research note released on Thursday, ValuEngine reports.

DLPN has been the topic of a number of other reports. Maxim Group reissued a buy rating and set a $5.00 target price on shares of Dolphin Entertainment in a research report on Friday, May 17th. Zacks Investment Research raised shares of Dolphin Entertainment from a sell rating to a hold rating in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $3.17.

Shares of DLPN stock opened at $1.05 on Thursday. The stock has a market cap of $14.04 million, a price-to-earnings ratio of -4.57 and a beta of 7.41. The company has a quick ratio of 0.34, a current ratio of 0.28 and a debt-to-equity ratio of 0.87. Dolphin Entertainment has a fifty-two week low of $0.71 and a fifty-two week high of $2.95. The firm’s 50 day moving average price is $1.06 and its two-hundred day moving average price is $1.35.

In other news, CEO William Iv O’dowd bought 17,500 shares of Dolphin Entertainment stock in a transaction dated Friday, June 28th. The shares were acquired at an average cost of $2.00 per share, with a total value of $35,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 17.60% of the company’s stock.

A hedge fund recently raised its stake in Dolphin Entertainment stock. Vanguard Group Inc. lifted its position in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) by 258.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 527,778 shares of the company’s stock after purchasing an additional 380,724 shares during the period. Vanguard Group Inc. owned about 3.67% of Dolphin Entertainment worth $554,000 as of its most recent SEC filing. Institutional investors own 6.15% of the company’s stock.

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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