Maxim Group Thinks Dolphin Entertainment Inc’s Stock is Going to Recover


In a report released today, Patrick Murphy from Maxim Group reiterated a Buy rating on Dolphin Entertainment Inc (DLPN), with a price target of $4.50. The company’s shares closed yesterday at $1.36, close to its 52-week low of $1.05.

Murphy observed:

“Yesterday, before market open, DLPN reported 3Q18 results with revenues of $5.7M, slightly below our estimate of $5.8M and inline with the consensus estimate of $5.7M, with Adj. EBITDA of $0.2M, below our estimate of $1.1M and the consensus estimate of $0.8M.”

According to TipRanks.com, Murphy is ranked #4623 out of 4897 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dolphin Entertainment Inc with a $4.50 average price target.

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The company has a one-year high of $8 and a one-year low of $1.05. Currently, Dolphin Entertainment Inc has an average volume of 10.32K.

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Dolphin Entertainment, Inc. engages in the provision of marketing and publicity services to major film studios, and many of the independent and digital content providers. It operates through the Entertainment Publicity Division (EPD) and Content Production Division (CPD) segment.

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