Dolphin Entertainment (NASDAQ:DLPN) Price Target Lowered to $5.00 at Maxim Group

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

Dolphin Entertainment Price Performance

Dolphin Entertainment stock traded down $0.10 during mid-day trading on Friday, hitting $1.07. 150,011 shares of the company were exchanged, 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 market capitalization of $11.88 million, a P/E ratio of -0.57 and a beta of 1.95. The business’s 50 day simple moving average is $1.31 and its two-hundred day simple moving average is $1.68. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.91.

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

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.