Shares of Dolphin Entertainment Inc (NASDAQ:DLPN) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus target price of $3.25 for the company, according to Zacks. Zacks has also given Dolphin Entertainment an industry rank of 91 out of 256 based on the ratings given to its competitors.
A number of research analysts recently weighed in on DLPN shares. Zacks Investment Research raised Dolphin Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. Maxim Group set a $6.00 target price on Dolphin Entertainment and gave the stock a “buy” rating in a research report on Thursday, October 18th. LADENBURG THALM/SH SH set a $2.00 target price on Dolphin Entertainment and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Finally, Canaccord Genuity initiated coverage on Dolphin Entertainment in a report on Wednesday, November 21st. They issued a “buy” rating and a $3.00 price objective on the stock.
A number of hedge funds and other institutional investors have recently modified their holdings of DLPN. Granite Investment Partners LLC acquired a new position in shares of Dolphin Entertainment in the 3rd quarter worth approximately $339,000. First Wilshire Securities Management Inc. raised its stake in Dolphin Entertainment by 1,741.1% during the 3rd quarter. First Wilshire Securities Management Inc. now owns 185,051 shares of the company’s stock valued at $409,000 after acquiring an additional 175,000 shares in the last quarter. Vanguard Group Inc. bought a new stake in Dolphin Entertainment during the 3rd quarter valued at $304,000. Finally, Vanguard Group Inc bought a new stake in Dolphin Entertainment during the 3rd quarter valued at $304,000. Hedge funds and other institutional investors own 7.43% of the company’s stock.
NASDAQ DLPN traded down $0.02 during trading on Wednesday, hitting $1.38. The stock had a trading volume of 3,588 shares, compared to its average volume of 22,050. Dolphin Entertainment has a twelve month low of $0.71 and a twelve month high of $5.77. The company has a market cap of $19.77 million, a P/E ratio of -6.90 and a beta of 7.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.56 and a quick ratio of 0.56.
Dolphin Entertainment (NASDAQ:DLPN) last posted its earnings results on Monday, November 19th. The company reported $0.01 earnings per share for the quarter, hitting 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 during the quarter. On average, analysts anticipate that Dolphin Entertainment will post 0.14 EPS for the current fiscal year.
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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