Dolphin Entertainment (NASDAQ:DLPN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
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 Dolphinsecure.com, 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. “
Other equities research analysts have also recently issued reports about the company. Maxim Group set a $6.00 price target on Dolphin Entertainment and gave the company a “buy” rating in a research note on Wednesday, July 25th. ValuEngine cut Dolphin Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd.
Shares of NASDAQ:DLPN traded up $0.13 during trading on Tuesday, reaching $2.33. 6,400 shares of the stock were exchanged, compared to its average volume of 44,489. Dolphin Entertainment has a 12 month low of $2.04 and a 12 month high of $11.99. The stock has a market cap of $30.24 million, a PE ratio of -11.65 and a beta of 8.55. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01.
Dolphin Entertainment (NASDAQ:DLPN) last issued its quarterly earnings data on Tuesday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. Dolphin Entertainment had a return on equity of 75.55% and a net margin of 17.98%. The firm had revenue of $5.22 million for the quarter. Equities research analysts expect that Dolphin Entertainment will post 0.2 earnings per share for the current year.
A hedge fund recently bought a new stake in Dolphin Entertainment stock. Royal Bank of Canada purchased a new stake in Dolphin Entertainment Inc (NASDAQ:DLPN) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 34,743 shares of the company’s stock, valued at approximately $122,000. Royal Bank of Canada owned 0.31% of Dolphin Entertainment at the end of the most recent quarter. Hedge funds and other institutional investors own 0.67% 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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