Shares of Dolphin Entertainment Inc (NASDAQ:DLPN) have been given an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $3.25 for the company, according to Zacks. Zacks has also given Dolphin Entertainment an industry rank of 164 out of 255 based on the ratings given to its competitors.
Several equities analysts have commented on DLPN shares. Maxim Group restated a “buy” rating and issued a $4.50 price target on shares of Dolphin Entertainment in a research note on Tuesday. Zacks Investment Research downgraded shares of Dolphin Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Finally, Canaccord Genuity dropped their price target on shares of Dolphin Entertainment from $3.00 to $2.50 and set a “buy” rating for the company in a research note on Tuesday.
An institutional investor recently bought a new position in Dolphin Entertainment stock. Vanguard Group Inc acquired a new stake in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 137,382 shares of the company’s stock, valued at approximately $304,000. Vanguard Group Inc owned approximately 0.97% of Dolphin Entertainment as of its most recent filing with the Securities & Exchange Commission. 6.41% of the stock is owned by institutional investors.
Dolphin Entertainment stock traded up $0.09 during trading on Friday, hitting $1.54. The company had a trading volume of 601 shares, compared to its average volume of 23,256. Dolphin Entertainment has a 1-year low of $0.71 and a 1-year high of $4.07. 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 company has a market capitalization of $22.17 million, a PE ratio of -7.70 and a beta of 8.33.
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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