What’s Ahead for Immersion Corporation (IMMR) After Touching 52-Week High?

June 14, 2018 - By Robert Sims

Immersion Corporation (NASDAQ:IMMR) Logo

Investors sentiment increased to 1.11 in Q1 2018. Its up 0.32, from 0.79 in 2017Q4. It improved, as 11 investors sold Immersion Corporation shares while 24 reduced holdings. 21 funds opened positions while 18 raised stakes. 20.92 million shares or 0.15% less from 20.95 million shares in 2017Q4 were reported.
Carroll invested in 1,000 shares. Stifel accumulated 10,819 shares or 0% of the stock. Cubist Systematic Strategies Limited Liability Corp invested 0.02% of its portfolio in Immersion Corporation (NASDAQ:IMMR). Wells Fargo And Mn reported 0% stake. Goldman Sachs Incorporated owns 203,390 shares. Voya Invest Ltd, a Georgia-based fund reported 14,136 shares. Fincl Bank Of America Corporation De holds 0% of its portfolio in Immersion Corporation (NASDAQ:IMMR) for 7,250 shares. Deutsche Bancorp Ag accumulated 31,392 shares. Invesco stated it has 0% in Immersion Corporation (NASDAQ:IMMR). Fny Managed Accounts Ltd Llc has invested 0% in Immersion Corporation (NASDAQ:IMMR). 12,650 are owned by Jefferies Gp Ltd Com. Rhumbline Advisers holds 0% or 25,873 shares. Walleye Trading Limited Co accumulated 132,281 shares or 0.01% of the stock. Manufacturers Life Insurance The holds 22,527 shares. Royal National Bank Of Canada holds 0% or 1,007 shares in its portfolio.

Since February 23, 2018, it had 0 insider buys, and 6 insider sales for $20.23 million activity. $52,662 worth of Immersion Corporation (NASDAQ:IMMR) shares were sold by Peters Anne Marie. Senvest Management – LLC also sold $17.15M worth of Immersion Corporation (NASDAQ:IMMR) on Thursday, May 17.

The stock of Immersion Corporation (NASDAQ:IMMR) hit a new 52-week high and has $17.49 target or 3.00 % above today’s $16.98 share price. The 9 months bullish chart indicates low risk for the $517.44M company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $17.49 price target is reached, the company will be worth $15.52M 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 0.99% or $0.17 during the last trading session, reaching $16.98. About 584,806 shares traded. Immersion Corporation (NASDAQ:IMMR) has risen 64.62% since June 14, 2017 and is uptrending. It has outperformed by 52.05% the S&P500.

Analysts await Immersion Corporation (NASDAQ:IMMR) to report earnings on August, 2. They expect $-0.16 earnings per share, up 60.98 % or $0.25 from last year’s $-0.41 per share. After $2.30 actual earnings per share reported by Immersion Corporation for the previous quarter, Wall Street now forecasts -106.96 % 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 5 analyst reports since January 16, 2018 according to SRatingsIntel. The stock has “Buy” rating by Craig Hallum on Friday, February 23. On Tuesday, January 16 the stock rating was upgraded by Craig Hallum to “Buy”. Craig Hallum maintained Immersion Corporation (NASDAQ:IMMR) on Monday, January 29 with “Buy” rating. The firm has “Buy” rating given on Friday, May 11 by Craig Hallum. The stock has “Buy” rating by FBR Capital on Friday, February 23.

More recent Immersion Corporation (NASDAQ:IMMR) news were published by: Businesswire.com which released: “Immersion Reaches 3000 Issued and Pending Haptics Patents” on June 13, 2018. Also Nasdaq.com published the news titled: “9 Augmented Reality Stocks to Enhance Your Portfolio” on June 06, 2018. Profitconfidential.com‘s news article titled: “IMMR Stock Looks Skyward After Completing Massive Price Pattern” with publication date: June 12, 2018 was also an interesting one.

Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia. The company has market cap of $517.44 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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