IMMR Stock: Immersion Co. Major Shareholder Purchases $2,147,488.28 in Stock

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Immersion Co. (NASDAQ:IMMR) major shareholder Raging Capital Management, Llc acquired 326,366 shares of the stock in a transaction on Friday, December 15th. The stock was bought at an average price of $6.58 per share, with a total value of $2,147,488.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

  • On Tuesday, December 12th, Raging Capital Management, Llc acquired 166,350 shares of Immersion stock. The stock was bought at an average price of $7.08 per share, with a total value of $1,177,758.00.
  • On Thursday, December 7th, Raging Capital Management, Llc acquired 372,771 shares of Immersion stock. The stock was bought at an average price of $7.25 per share, with a total value of $2,702,589.75.
  • On Friday, December 1st, Raging Capital Management, Llc acquired 154,997 shares of Immersion stock. The stock was bought at an average price of $7.27 per share, with a total value of $1,126,828.19.
  • On Monday, December 4th, Raging Capital Management, Llc bought 411,998 shares of Immersion stock. The shares were acquired at an average price of $7.31 per share, with a total value of $3,011,705.38.

Immersion Co. (NASDAQ IMMR) opened at $7.06 on Monday. Immersion Co. has a 1-year low of $5.76 and a 1-year high of $11.85. The stock has a market cap of $206.51, a P/E ratio of -2.88 and a beta of 1.35.

Immersion (NASDAQ:IMMR) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.16. Immersion had a negative net margin of 190.18% and a negative return on equity of 100.50%. The company had revenue of $11.90 million during the quarter, compared to analyst estimates of $7.33 million. During the same period in the previous year, the business earned $0.34 EPS. The firm’s revenue for the quarter was down 54.8% on a year-over-year basis. analysts expect that Immersion Co. will post -1.12 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in Immersion by 4.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 36,404 shares of the software maker’s stock worth $331,000 after acquiring an additional 1,621 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Immersion by 8.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,835 shares of the software maker’s stock worth $234,000 after acquiring an additional 1,929 shares during the last quarter. Voya Investment Management LLC raised its holdings in Immersion by 14.1% in the 2nd quarter. Voya Investment Management LLC now owns 20,218 shares of the software maker’s stock worth $184,000 after acquiring an additional 2,501 shares during the last quarter. Geode Capital Management LLC raised its holdings in Immersion by 3.0% in the 1st quarter. Geode Capital Management LLC now owns 249,334 shares of the software maker’s stock worth $2,159,000 after acquiring an additional 7,191 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Immersion by 5.0% in the 2nd quarter. Northern Trust Corp now owns 385,824 shares of the software maker’s stock worth $3,503,000 after acquiring an additional 18,517 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Several equities analysts have recently issued reports on IMMR shares. Zacks Investment Research upgraded shares of Immersion from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine upgraded shares of Immersion from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Finally, B. Riley reiterated a “buy” rating and set a $9.75 target price on shares of Immersion in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Immersion presently has an average rating of “Buy” and an average target price of $10.17.

Immersion Company Profile

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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