Maxim Group reissued their buy rating on shares of Dolphin Entertainment (NASDAQ:DLPN) in a report published on Tuesday, AnalystRatings.com reports. Maxim Group currently has a $4.50 price target on the stock.
“4Q18 revenue of $5.8M topped our estimate of $5.4M, while adjusted EBITDA loss of ($1.1M) was wider than our estimate of ($0.4M).”,” Maxim Group’s analyst wrote.
Separately, Zacks Investment Research cut Dolphin Entertainment from a hold rating to a sell rating in a research report on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $3.00.
An institutional investor recently bought a new position in Dolphin Entertainment stock. Vanguard Group Inc acquired a new stake in Dolphin Entertainment Inc (NASDAQ:DLPN) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 137,382 shares of the company’s stock, valued at approximately $304,000. Vanguard Group Inc owned approximately 0.97% of Dolphin Entertainment at the end of the most recent reporting period. Institutional investors and hedge funds own 6.41% of the company’s stock.
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.
Featured Article: Cost of Goods Sold (COGS)
Receive News & Ratings for Dolphin Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dolphin Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.