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

Zacks Investment Research lowered shares of Dolphin Entertainment (NASDAQ:DLPN) from a hold rating to a sell rating in a research report released on Monday, 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 equities analysts also recently issued research reports about the stock. Maxim Group set a $25.00 price objective on shares of Agilysys and gave the stock a buy rating in a research note on Friday, May 17th. Canaccord Genuity reduced their price objective on shares of Yamana Gold from C$5.50 to C$4.25 in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Dolphin Entertainment currently has a consensus rating of Hold and a consensus target price of $3.17.

Shares of NASDAQ:DLPN opened at $1.01 on Monday. The company has a market capitalization of $14.54 million, a P/E ratio of -4.39 and a beta of 7.40. Dolphin Entertainment has a 52 week low of $0.71 and a 52 week high of $3.83. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.66. The business has a 50 day simple moving average of $1.09.

Dolphin Entertainment (NASDAQ:DLPN) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.08) EPS for the quarter. The business had revenue of $6.24 million during the quarter. Dolphin Entertainment had a negative return on equity of 35.90% and a negative net margin of 15.74%. As a group, equities analysts anticipate that Dolphin Entertainment will post -0.17 earnings per share for the current fiscal year.

In other Dolphin Entertainment news, CEO William Iv O’dowd purchased 17,500 shares of Dolphin Entertainment stock in a transaction dated Friday, June 28th. The shares were acquired at an average cost of $2.00 per share, with a total value of $35,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 17.60% of the company’s stock.

A hedge fund recently bought a new stake 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 137,382 shares of the company’s stock, valued at approximately $304,000. Vanguard Group Inc. owned about 0.97% of Dolphin Entertainment at the end of the most recent reporting period. Institutional investors and hedge funds own 6.15% of the company’s stock.

About Dolphin Entertainment

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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