Dolphin Entertainment Inc (NASDAQ:DLPN) has received an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.

Brokers have set a 12 month consensus target price of $3.13 for the company, according to Zacks. Zacks has also assigned Dolphin Entertainment an industry rank of 111 out of 256 based on the ratings given to related companies.

DLPN has been the subject of a number of recent analyst reports. Maxim Group reiterated a “buy” rating and set a $5.00 price target on shares of Dolphin Entertainment in a report on Friday, May 17th. Zacks Investment Research upgraded Dolphin Entertainment from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a report on Wednesday. Finally, ValuEngine downgraded Dolphin Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 15th.

Dolphin Entertainment stock traded up $0.01 during trading hours on Wednesday, reaching $0.99. 7,400 shares of the company’s stock were exchanged, compared to its average volume of 18,134. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.87. The firm’s 50 day simple moving average is $1.06 and its 200 day simple moving average is $1.34. Dolphin Entertainment has a twelve month low of $0.71 and a twelve month high of $2.95. The firm has a market capitalization of $15.03 million, a PE ratio of -4.30 and a beta of 7.41.

In other news, CEO William Iv O’dowd bought 17,500 shares of Dolphin Entertainment stock in a transaction dated Friday, June 28th. The stock was bought at an average cost of $2.00 per share, for a total transaction of $35,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 17.60% of the company’s stock.

A hedge fund recently raised its stake in Dolphin Entertainment stock. Vanguard Group Inc. raised its stake in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) by 258.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 527,778 shares of the company’s stock after purchasing an additional 380,724 shares during the period. Vanguard Group Inc. owned approximately 3.67% of Dolphin Entertainment worth $554,000 as of its most recent SEC filing. Institutional investors own 6.04% 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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