Dolphin Entertainment (NASDAQ:DLPN) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Dolphin Entertainment (NASDAQ:DLPN) from a hold rating to a sell rating in a report issued on Monday morning, Zacks.com reports.

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 analysts have also issued research reports about the company. Maxim Group restated a buy rating and set a $2.50 target price on shares of Dolphin Entertainment in a report on Friday, November 15th. ValuEngine raised Dolphin Entertainment from a sell rating to a hold rating in a research report on Wednesday, October 2nd.

NASDAQ DLPN opened at $0.53 on Monday. The firm’s 50 day moving average price is $0.69 and its 200-day moving average price is $0.94. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97. Dolphin Entertainment has a 52-week low of $0.45 and a 52-week high of $1.90.

A hedge fund recently raised its stake in Dolphin Entertainment stock. Vanguard Group Inc. raised its position in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) by 258.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 527,778 shares of the company’s stock after buying an additional 380,724 shares during the quarter. Vanguard Group Inc. owned about 3.67% of Dolphin Entertainment worth $554,000 at the end of the most recent reporting period. 6.54% of the stock is owned by institutional investors.

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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