In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on Dolphin Entertainment (DLPN), with a price target of $2.00. The company’s shares closed last Tuesday at $0.66, close to its 52-week low of $0.33.
According to TipRanks.com, Aarde is a 5-star analyst with an average return of 30.9% and a 59.1% success rate. Aarde covers the Technology sector, focusing on stocks such as Summit Wireless Technologies, BIO-key International, and WiMi Hologram Cloud.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dolphin Entertainment with a $2.00 average price target.
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The company has a one-year high of $2.49 and a one-year low of $0.33. Currently, Dolphin Entertainment has an average volume of 648.4K.
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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. It operates through the following segments: Entertainment Publicity & Marketing and Content Production. The Entertainment Publicity & Marketing segment includes 42West and provides clients with diversified services, including public relations, entertainment content marketing and strategic marketing consulting. The Content Production segment comprises of Dolphin Entertainment, Dolphin Films, and Dolphin Digital Studios and specializes in the production and distribution of digital content and feature films. The company was founded on March 7, 1995 and is headquartered in Coral Gables, FL.
