Zacks Investment Research upgraded shares of Dolphin Entertainment (NASDAQ:DLPN) from a sell rating to a hold rating in a research note released on Thursday, August 23rd.

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, 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 equities analysts also recently weighed in on DLPN. ValuEngine downgraded shares of Dolphin Entertainment from a buy rating to a hold rating in a research note on Thursday, August 2nd. Maxim Group set a $6.00 target price on shares of Dolphin Entertainment and gave the stock a buy rating in a research note on Wednesday, August 15th.

Shares of NASDAQ DLPN traded down $0.06 during trading on Thursday, hitting $2.69. The company had a trading volume of 2,528 shares, compared to its average volume of 16,608. Dolphin Entertainment has a fifty-two week low of $2.35 and a fifty-two week high of $11.99. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01.

Dolphin Entertainment (NASDAQ:DLPN) last announced its earnings results on Tuesday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.22 million during the quarter. Dolphin Entertainment had a net margin of 17.98% and a return on equity of 75.55%. equities analysts expect that Dolphin Entertainment will post 0.2 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Millennium Management LLC acquired a new stake in Dolphin Entertainment Inc (NASDAQ:DLPN) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 71,460 shares of the company’s stock, valued at approximately $244,000. Millennium Management LLC owned approximately 0.64% of Dolphin Entertainment as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.68% 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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