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. “
Several other analysts also recently commented on the stock. Maxim Group reissued a “buy” rating and issued a $4.50 target price on shares of Dolphin Entertainment in a research report on Tuesday, April 16th. Canaccord Genuity decreased their target price on shares of Dolphin Entertainment from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $3.00.
A hedge fund recently bought a new stake in Dolphin Entertainment stock. Vanguard Group Inc. bought a new position in Dolphin Entertainment Inc (NASDAQ:DLPN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 137,382 shares of the company’s stock, valued at approximately $304,000. Vanguard Group Inc. owned approximately 0.97% of Dolphin Entertainment as of its most recent SEC filing. 6.41% of the stock is owned by institutional investors.
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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