Immersion Corp (NASDAQ:IMMR) Institutional Investor Positioning Change

September 8, 2018 - By Megan Stone

Immersion Corporation (NASDAQ:IMMR) Logo

Sentiment for Immersion Corp (NASDAQ:IMMR)

Immersion Corp (NASDAQ:IMMR) institutional sentiment increased to 1.11 in Q1 2018. Its up 0.32, from 0.79 in 2017Q4. The ratio improved, as 39 institutional investors increased or opened new stock positions, while 35 reduced and sold positions in Immersion Corp. The institutional investors in our partner’s database now have: 20.92 million shares, down from 20.95 million shares in 2017Q4. Also, the number of institutional investors holding Immersion Corp in their top 10 stock positions increased from 1 to 3 for an increase of 2. Sold All: 11 Reduced: 24 Increased: 18 New Position: 21.

Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia. The company has market cap of $327.09 million. The Company’s technologies allow people to use their sense of touch when they engage with various digital products. It has a 7.19 P/E ratio. The firm offers TouchSense Lite and TouchSense Premium toolkits that enable original equipment manufacturers and their suppliers to add customized haptic technologies to their own branded devices and other products.

The stock decreased 1.76% or $0.19 during the last trading session, reaching $10.63. About 191,623 shares traded. Immersion Corporation (NASDAQ:IMMR) has risen 64.62% since September 8, 2017 and is uptrending. It has outperformed by 52.05% the S&P500.

Analysts await Immersion Corporation (NASDAQ:IMMR) to report earnings on November, 1. They expect $-0.15 earnings per share, down 50.00 % or $0.05 from last year’s $-0.1 per share. After $-0.26 actual earnings per share reported by Immersion Corporation for the previous quarter, Wall Street now forecasts -42.31 % EPS growth.

Raging Capital Management Llc holds 7.62% of its portfolio in Immersion Corporation for 4.78 million shares. Cooper Creek Partners Management Llc owns 989,099 shares or 6.68% of their US portfolio. Moreover, Shannon River Fund Management Llc has 5.46% invested in the company for 1.82 million shares. The Texas-based Nokomis Capital L.L.C. has invested 0.87% in the stock. Clearline Capital Lp, a New York-based fund reported 62,637 shares.

Since January 1, 0001, it had 0 buys, and 2 insider sales for $19.99 million activity.

Immersion Corporation (NASDAQ:IMMR) Ratings Coverage

Ratings analysis reveals 0 of Immersion Corp’s analysts are positive. Out of 2 Wall Street analysts rating Immersion Corp, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. IMMR was included in 3 notes of analysts from May 11, 2018. The company was downgraded on Monday, June 18 by Craig Hallum. The firm earned “Neutral” rating on Tuesday, June 26 by Dougherty. Craig Hallum maintained it with “Buy” rating and $1700 target in Friday, May 11 report.

Immersion Corporation (NASDAQ:IMMR) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.