Dolphin Entertainment Inc (DLPN) Given Consensus Rating of “Strong Buy” by Analysts

Dolphin Entertainment Inc (NASDAQ:DLPN) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus price target of $3.00 for the company, according to Zacks. Zacks has also assigned Dolphin Entertainment an industry rank of 164 out of 256 based on the ratings given to its competitors.

A number of brokerages have weighed in on DLPN. Zacks Investment Research lowered Dolphin Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Maxim Group reissued a “buy” rating and set a $4.50 price target on shares of Dolphin Entertainment in a research note on Tuesday, April 16th. Finally, Canaccord Genuity reduced their price target on Dolphin Entertainment from $3.00 to $2.50 and set a “buy” rating on the stock in a research note on Tuesday, April 16th.

Shares of NASDAQ:DLPN opened at $1.50 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.46 and a quick ratio of 0.46. Dolphin Entertainment has a one year low of $0.71 and a one year high of $4.07.

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Vanguard Group Inc bought a new stake in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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. 6.29% of the stock is owned by institutional investors and hedge funds.

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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