Dolphin Entertainment (DLPN) Downgraded by Zacks Investment Research to Sell

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Zacks Investment Research lowered shares of Dolphin Entertainment (NASDAQ:DLPN) from a hold rating to a sell rating in a research note published on Monday.

According to Zacks, “Dolphin Entertainment, Inc. is engaged in production of digital content. The company’s operating segment consists of Dolphin Digital Media and Dolphin Digital Studios. Dolphin Digital Media segment creates and manages social networking websites for children. It has developed, which is a secure website for children using fingerprint reader technology. Dolphin Digital Studios segment creates original programming that premieres online, with an initial focus on content geared toward tweens and teens. It also provides production services to a related party. Dolphin Entertainment Inc., formerly known as Dolphin Digital Media Inc., is headquartered in Coral Gables, FL. “

Separately, Maxim Group reaffirmed a buy rating and set a $6.00 price objective on shares of Dolphin Entertainment in a research report on Thursday, April 5th.

Dolphin Entertainment opened at $3.64 on Monday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.38 and a current ratio of 0.38. Dolphin Entertainment has a fifty-two week low of $2.04 and a fifty-two week high of $11.99.

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada acquired a new position in shares of Dolphin Entertainment during the first quarter worth about $122,000. Millennium Management LLC acquired a new position in shares of Dolphin Entertainment during the first quarter worth about $244,000. Finally, Pacific Grove Capital LP acquired a new position in shares of Dolphin Entertainment during the fourth quarter worth about $421,000. 1.21% of the stock is owned by institutional investors.

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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