Dolphin Entertainment (NASDAQ:DLPN) Given New $5.00 Price Target at Maxim Group

Dolphin Entertainment (NASDAQ:DLPN) had its price objective cut by equities research analysts at Maxim Group from $8.00 to $5.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Maxim Group’s price objective would indicate a potential upside of 367.64% from the company’s current price.

Dolphin Entertainment Stock Performance

Shares of DLPN traded down $0.10 during trading hours on Friday, hitting $1.07. The company had a trading volume of 150,011 shares, compared to its average volume of 35,383. Dolphin Entertainment has a 12 month low of $0.96 and a 12 month high of $3.70. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.57. The firm has a market cap of $11.88 million, a price-to-earnings ratio of -0.57 and a beta of 1.95. The business has a fifty day moving average of $1.31 and a 200-day moving average of $1.68.

Dolphin Entertainment (NASDAQ:DLPN) last posted its earnings results on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Dolphin Entertainment had a negative net margin of 31.53% and a negative return on equity of 73.80%. The firm had revenue of $11.45 million for the quarter.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.