Dolphin Entertainment (NASDAQ:DLPN) Trading Down 4.5% – What’s Next?

Dolphin Entertainment, Inc. (NASDAQ:DLPN)’s share price dropped 4.5% on Thursday . The company traded as low as $1.06 and last traded at $1.06. Approximately 9,470 shares were traded during trading, a decline of 44% from the average session volume of 16,950 shares. The stock had previously closed at $1.11.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Dolphin Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Dolphin Entertainment Trading Down 4.5%

The firm has a market cap of $13.80 million, a P/E ratio of -3.66 and a beta of 1.88. The business’s 50 day moving average is $1.15 and its 200-day moving average is $1.41. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.99.

Dolphin Entertainment (NASDAQ:DLPN) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.12). The company had revenue of $12.80 million for the quarter, compared to the consensus estimate of $13.60 million. Dolphin Entertainment had a negative net margin of 6.02% and a negative return on equity of 41.42%.

Hedge Funds Weigh In On Dolphin Entertainment

An institutional investor recently raised its stake in Dolphin Entertainment stock. Renaissance Technologies LLC grew its position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,400 shares of the company’s stock after buying an additional 9,500 shares during the period. Renaissance Technologies LLC owned about 0.39% of Dolphin Entertainment worth $74,000 as of its most recent SEC filing. 8.87% of the stock is owned by institutional investors.

About Dolphin Entertainment

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.