Maxim Group analyst Allen Klee maintained a Buy rating on Dolphin Entertainment Inc (DLPN) yesterday and set a price target of $4.50. The company’s shares closed yesterday at $1.14.
Klee commented:
“For 2Q19 – we project revenue of $5.2M and an adjusted EBITDA loss of ($0.5M).”
According to TipRanks.com, Klee has 0 stars on 0-5 star ranking scale with an average return of -12.2% and a 29.4% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, ATN International Inc, and Net 1 Ueps.
Currently, the analyst consensus on Dolphin Entertainment Inc is a Moderate Buy with an average price target of $4.50.
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Based on Dolphin Entertainment Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $122.6K. In comparison, last year the company had a net profit of $170.5K.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is neutral on the stock.
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Dolphin Entertainment, Inc. is an independent entertainment marketing and premium content development company, which engages in the provision of marketing and publicity services to major film studios, and many of the independent and digital content providers.