Press coverage about Immersion (NASDAQ:IMMR) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Immersion earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.5402305399377 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Immersion from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine upgraded Immersion from a “sell” rating to a “hold” rating in a report on Saturday, September 30th. Finally, B. Riley reissued a “buy” rating and set a $9.75 price target on shares of Immersion in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $10.17.

Shares of Immersion (NASDAQ IMMR) traded up $0.03 during midday trading on Friday, reaching $7.10. The company had a trading volume of 272,864 shares, compared to its average volume of 477,703. Immersion has a 1 year low of $5.76 and a 1 year high of $11.85. The firm has a market capitalization of $206.81, a PE ratio of -2.90, a PEG ratio of 1.35 and a beta of 1.36.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.16. Immersion had a negative return on equity of 100.50% and a negative net margin of 190.18%. The firm had revenue of $11.90 million during the quarter, compared to analysts’ expectations of $7.33 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was down 54.8% compared to the same quarter last year. equities analysts forecast that Immersion will post -1.12 earnings per share for the current year.

In related news, major shareholder Raging Capital Management, Llc purchased 154,997 shares of Immersion stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of $7.27 per share, with a total value of $1,126,828.19. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 1,432,482 shares of company stock valued at $10,166,370 over the last three months. Insiders own 7.22% of the company’s stock.

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About Immersion

Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial.

Insider Buying and Selling by Quarter for Immersion (NASDAQ:IMMR)

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