Shares of Dolphin Entertainment Inc (NASDAQ:DLPN) traded up 18.9% on Wednesday . The company traded as high as $0.89 and last traded at $0.84, 512,858 shares traded hands during trading. An increase of 461% from the average session volume of 91,436 shares. The stock had previously closed at $0.71.
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Dolphin Entertainment from a “sell” rating to a “hold” rating in a research report on Monday, January 20th. National Securities assumed coverage on shares of Dolphin Entertainment in a research report on Thursday, January 30th. They set a “buy” rating for the company. Finally, Maxim Group decreased their price target on shares of Dolphin Entertainment from $2.50 to $1.50 and set a “buy” rating for the company in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $1.67.
The stock has a market cap of $13.94 million, a price-to-earnings ratio of -2.08 and a beta of 7.55. The business’s fifty day simple moving average is $0.68 and its 200 day simple moving average is $0.76. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.27 and a quick ratio of 0.27.
Dolphin Entertainment (NASDAQ:DLPN) last released its quarterly earnings data on Thursday, November 14th. The company reported ($0.05) EPS for the quarter. The business had revenue of $5.95 million during the quarter. Dolphin Entertainment had a negative return on equity of 50.95% and a negative net margin of 19.35%. As a group, equities analysts forecast that Dolphin Entertainment Inc will post -0.21 EPS for the current fiscal year.
An institutional investor recently raised its position in Dolphin Entertainment stock. Vanguard Group Inc. boosted its holdings in Dolphin Entertainment Inc (NASDAQ:DLPN) by 258.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 527,778 shares of the company’s stock after acquiring 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 SEC filing. 6.54% of the stock is owned by institutional investors and hedge funds.
Dolphin Entertainment Company Profile (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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