Dolphin Entertainment Inc (NASDAQ:DLPN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus price target of $6.50 for the company, according to Zacks. Zacks has also assigned Dolphin Entertainment an industry rank of 168 out of 255 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on DLPN shares. Zacks Investment Research lowered Dolphin Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. Maxim Group set a $6.00 price target on Dolphin Entertainment and gave the company a “buy” rating in a research report on Wednesday, August 15th. Finally, ValuEngine lowered Dolphin Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd.

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Royal Bank of Canada purchased a new position in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,743 shares of the company’s stock, valued at approximately $122,000. Royal Bank of Canada owned approximately 0.31% of Dolphin Entertainment as of its most recent SEC filing. 0.67% of the stock is owned by institutional investors and hedge funds.

Shares of DLPN stock remained flat at $$2.28 during trading hours on Monday. The stock had a trading volume of 101 shares, compared to its average volume of 44,893. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $30.24 million, a price-to-earnings ratio of -11.40 and a beta of 8.55. Dolphin Entertainment has a 1-year low of $2.04 and a 1-year high of $11.99.

Dolphin Entertainment (NASDAQ:DLPN) last posted its quarterly earnings results on Tuesday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.22 million during the quarter. Dolphin Entertainment had a net margin of 17.98% and a return on equity of 75.55%. Equities research analysts forecast that Dolphin Entertainment will post 0.2 earnings per share for the current fiscal year.

Dolphin Entertainment Company Profile

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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