Zacks Investment Research upgraded shares of Dolphin Entertainment (NASDAQ:DLPN) from a sell rating to a hold rating in a research note published on Thursday, September 20th.

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. “

Other analysts have also recently issued research reports about the company. ValuEngine cut Dolphin Entertainment from a buy rating to a hold rating in a research report on Thursday, August 2nd. Maxim Group set a $6.00 price objective on Dolphin Entertainment and gave the stock a buy rating in a research report on Wednesday, July 25th.

NASDAQ:DLPN remained flat at $$2.28 during midday trading on Thursday. The company had a trading volume of 101 shares, compared to its average volume of 44,893. Dolphin Entertainment has a 52 week low of $2.04 and a 52 week high of $11.99. The company has a market capitalization of $30.24 million, a PE ratio of -11.40 and a beta of 8.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28.

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

An institutional investor recently bought a new position in Dolphin Entertainment stock. Royal Bank of Canada bought a new position in Dolphin Entertainment Inc (NASDAQ:DLPN) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 34,743 shares of the company’s stock, valued at approximately $122,000. Royal Bank of Canada owned about 0.31% of Dolphin Entertainment at the end of the most recent reporting period. 0.67% of the stock is currently owned by institutional investors.

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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