Dolphin Entertainment (DLPN) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Dolphin Entertainment (NASDAQ:DLPN) from a hold rating to a sell rating in a research note published on Tuesday morning, 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. “

DLPN has been the subject of several other reports. Canaccord Genuity cut their price objective 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. Maxim Group restated a buy rating and set a $4.50 price objective on shares of Dolphin Entertainment in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $3.17.

Shares of DLPN stock opened at $1.21 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.66. Dolphin Entertainment has a 12-month low of $0.71 and a 12-month high of $4.07.

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

An institutional investor recently bought a new position in Dolphin Entertainment stock. Vanguard Group Inc bought a new position in shares of Dolphin Entertainment Inc (NASDAQ:DLPN) during the 3rd quarter, according to its most recent disclosure 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 0.97% of Dolphin Entertainment at the end of the most recent quarter. Institutional investors own 6.25% 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.

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