Dolphin Entertainment, Inc. (NASDAQ:DLPN – Get Free Report)’s stock price fell 4.5% on Thursday . The company traded as low as $1.06 and last traded at $1.06. 9,470 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 16,950 shares. The stock had previously closed at $1.11.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered Dolphin Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Dolphin Entertainment presently has an average rating of “Sell”.
Check Out Our Latest Report on Dolphin Entertainment
Dolphin Entertainment Stock Performance
Dolphin Entertainment (NASDAQ:DLPN – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.12). Dolphin Entertainment had a negative return on equity of 41.42% and a negative net margin of 6.02%.The firm had revenue of $12.80 million for the quarter, compared to the consensus estimate of $13.60 million.
Institutional Trading of Dolphin Entertainment
A hedge fund recently raised its stake in Dolphin Entertainment stock. Renaissance Technologies LLC lifted its holdings in Dolphin Entertainment, Inc. (NASDAQ:DLPN – Free Report) by 25.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,400 shares of the company’s stock after buying an additional 9,500 shares during the quarter. Renaissance Technologies LLC owned about 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent quarter. Institutional investors and hedge funds own 8.87% of the company’s stock.
About Dolphin Entertainment
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.
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