Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Dolphin Entertainment from a sell rating to a hold rating in a report on Thursday, September 13th. Canaccord Genuity began coverage on Dolphin Entertainment in a report on Wednesday, November 21st. They set a buy rating and a $3.00 price objective on the stock. Finally, LADENBURG THALM/SH SH set a $2.00 price objective on Dolphin Entertainment and gave the company a buy rating in a report on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Dolphin Entertainment currently has a consensus rating of Hold and a consensus target price of $3.17.
Shares of DLPN opened at $1.40 on Thursday. Dolphin Entertainment has a 12-month low of $0.71 and a 12-month high of $5.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market cap of $19.77 million, a P/E ratio of -7.00 and a beta of 7.63.
Dolphin Entertainment (NASDAQ:DLPN) last issued its quarterly earnings results on Monday, November 19th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Dolphin Entertainment had a negative return on equity of 30.24% and a negative net margin of 6.20%. The firm had revenue of $5.72 million for the quarter. Analysts anticipate that Dolphin Entertainment will post 0.14 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in DLPN. First Wilshire Securities Management Inc. boosted its holdings in shares of Dolphin Entertainment by 1,741.1% in the 3rd quarter. First Wilshire Securities Management Inc. now owns 185,051 shares of the company’s stock worth $409,000 after acquiring an additional 175,000 shares in the last quarter. Granite Investment Partners LLC bought a new stake in shares of Dolphin Entertainment during the 3rd quarter valued at $339,000. Vanguard Group Inc bought a new stake in shares of Dolphin Entertainment during the 3rd quarter valued at $304,000. Finally, Vanguard Group Inc. bought a new stake in shares of Dolphin Entertainment during the 3rd quarter valued at $304,000. 7.43% of the stock is currently owned by institutional investors and hedge funds.
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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