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

Dolphin Entertainment (NASDAQ:DLPN) had its price target cut by Maxim Group from $8.00 to $5.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

Dolphin Entertainment Trading Down 6.0 %

Shares of NASDAQ:DLPN traded down $0.07 during midday trading on Friday, reaching $1.10. The company’s stock had a trading volume of 158,187 shares, compared to its average volume of 35,420. The firm has a market cap of $12.22 million, a price-to-earnings ratio of -0.60 and a beta of 1.95. The business has a 50 day moving average price of $1.30 and a 200 day moving average price of $1.67. Dolphin Entertainment has a 1 year low of $0.95 and a 1 year 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.

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

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.