Immersion Corporation (IMMR) Sets 52-Week High; Strong Momentum for Holders

May 17, 2018 - By Shawn Hawthorne

Immersion Corporation (NASDAQ:IMMR) Logo

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.46, from 1.25 in 2017Q3. It is negative, as 12 investors sold Immersion Corporation shares while 27 reduced holdings. 15 funds opened positions while 16 raised stakes. 20.95 million shares or 0.68% more from 20.81 million shares in 2017Q3 were reported.
Invesco accumulated 19,271 shares. New York-based Blackrock Inc has invested 0% in Immersion Corporation (NASDAQ:IMMR). Wealthtrust has invested 0% in Immersion Corporation (NASDAQ:IMMR). 267,089 were accumulated by Geode Capital Mngmt Limited. Rhumbline Advisers holds 0% or 28,173 shares. Citigroup reported 0% of its portfolio in Immersion Corporation (NASDAQ:IMMR). Tower Research Ltd Liability Co (Trc) reported 0.02% in Immersion Corporation (NASDAQ:IMMR). Deutsche Bancshares Ag invested in 64,017 shares or 0% of the stock. Vanguard Gru Inc reported 0% of its portfolio in Immersion Corporation (NASDAQ:IMMR). State Board Of Administration Of Florida Retirement System holds 31,284 shares. New York State Common Retirement Fund has invested 0% in Immersion Corporation (NASDAQ:IMMR). Vident Inv Advisory Ltd Co owns 261,480 shares or 0.08% of their US portfolio. Commercial Bank Of Ny Mellon owns 122,417 shares for 0% of their portfolio. Northern Trust Corp, a Illinois-based fund reported 378,785 shares. 15,373 are owned by Voya Invest Mgmt Ltd Liability.

Since December 8, 2017, it had 2 insider buys, and 4 insider sales for $3.08 million activity. Erba Nancy also sold $45,110 worth of Immersion Corporation (NASDAQ:IMMR) on Wednesday, March 7. The insider Raging Capital Management – LLC bought 166,350 shares worth $1.18M.

The stock of Immersion Corporation (NASDAQ:IMMR) hit a new 52-week high and has $14.72 target or 6.00 % above today’s $13.89 share price. The 8 months bullish chart indicates low risk for the $421.68M company. The 1-year high was reported on May, 17 by Barchart.com. If the $14.72 price target is reached, the company will be worth $25.30 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.14% or $0.02 during the last trading session, reaching $13.89. About 967,368 shares traded or 35.60% up from the average. Immersion Corporation (NASDAQ:IMMR) has risen 40.28% since May 17, 2017 and is uptrending. It has outperformed by 28.73% the S&P500.

Analysts await Immersion Corporation (NASDAQ:IMMR) to report earnings on August, 2. They expect $-0.11 EPS, up 73.17 % or $0.30 from last year’s $-0.41 per share. After $2.30 actual EPS reported by Immersion Corporation for the previous quarter, Wall Street now forecasts -104.78 % negative EPS growth.

Immersion Corporation (NASDAQ:IMMR) Ratings Coverage

Among 2 analysts covering Immersion Corp (NASDAQ:IMMR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Immersion Corp had 6 analyst reports since November 30, 2017 according to SRatingsIntel. The stock has “Buy” rating by Craig Hallum on Tuesday, January 16. The firm has “Buy” rating given on Friday, February 23 by Craig Hallum. As per Friday, May 11, the company rating was maintained by Craig Hallum. The stock of Immersion Corporation (NASDAQ:IMMR) has “Buy” rating given on Monday, January 29 by Craig Hallum. FBR Capital maintained it with “Buy” rating and $18.0 target in Friday, February 23 report.

More news for Immersion Corporation (NASDAQ:IMMR) were recently published by: Streetinsider.com, which released: “Pre-Open Movers 05/11: (TTD) (IMMR) (AKCA) Higher; (SYMC) (CYTR) (RDFN) Lower (more…)” on May 11, 2018. Streetinsider.com‘s article titled: “Immersion (IMMR) Reports Pact with VIEX Capital Advisors” and published on May 11, 2018 is yet another important article.

Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia. The company has market cap of $421.68 million. The Company’s technologies allow people to use their sense of touch when they engage with various digital products. It currently has negative earnings. 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.

Immersion Corporation (NASDAQ:IMMR) Institutional Positions Chart

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