Dolphin Digital Media (NASDAQ:DLPN) Trading Up 3.4% – What’s Next?

Shares of Dolphin Digital Media Inc. (NASDAQ:DLPN) were up 3.4% during trading on Tuesday . The stock traded as high as $1.8799 and last traded at $1.82. Approximately 80,344 shares were traded during trading, an increase of 6% from the average daily volume of 75,619 shares. The stock had previously closed at $1.76.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Dolphin Digital Media in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Dolphin Digital Media has a consensus rating of “Hold” and an average target price of $5.00.

Dolphin Digital Media Trading Up 3.4%

The stock has a market cap of $21.80 million, a P/E ratio of -1.41 and a beta of 2.34. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.88. The stock’s fifty day moving average price is $1.34 and its 200 day moving average price is $1.20.

Dolphin Digital Media (NASDAQ:DLPN) last announced its earnings results on Wednesday, August 13th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Dolphin Digital Media had a negative net margin of 28.08% and a negative return on equity of 62.59%. The business had revenue of $14.09 million for the quarter, compared to the consensus estimate of $14.00 million.

Insider Transactions at Dolphin Digital Media

In other news, CEO William Iv O’dowd purchased 84,745 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were bought at an average price of $1.18 per share, for a total transaction of $99,999.10. Following the purchase, the chief executive officer directly owned 353,724 shares in the company, valued at approximately $417,394.32. This trade represents a 31.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have bought 126,109 shares of company stock valued at $154,260. Insiders own 19.30% of the company’s stock.

Dolphin Digital Media Company Profile

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.