Immersion Co. (NASDAQ:IMMR) Insider buys $57,100.00 worth of stock

Immersion Co. (NASDAQ: IMMR – Get a rating) insider William C. Martin bought 10,000 shares of the company in a trade that took place on Monday, August 29. The shares were purchased at an average cost of $5.71 per share, for a total transaction of $57,100.00. Following the completion of the purchase, the insider now owns 604,094 shares of the company, valued at $3,449,376.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website.

Immersion Stock Performance

Immersion shares were up $0.05 during Monday trading hours, hitting $5.67. The company’s shares had a trading volume of 296,191 shares, compared to an average volume of 374,435. Immersion Co. has a one-year low of $4.28 and a one-year high of $9.78 . The company has a market capitalization of $190.02 million, a P/E ratio of 21.81 and a beta of 1.62. The stock’s fifty-day simple moving average is $5.58 and its two-hundred-day simple moving average is $5.30.

Institutional entries and exits

A number of large investors have recently changed their positions in the company. Trexquant Investment LP increased its position in Immersion shares by 23.3% during the second quarter. Trexquant Investment LP now owns 17,287 shares of the software maker valued at $92,000 after buying an additional 3,272 shares last quarter. Retirement Planning Co of New England Inc. bought a new position in Immersion stock during the fourth quarter, valued at around $31,000. Bank of New York Mellon Corp raised its position in Immersion shares 3.5% in the first quarter. Bank of New York Mellon Corp now owns 182,342 shares of the software maker valued at $1,014,000 after buying an additional 6,244 shares last quarter. Northern Trust Corp increased its position in Immersion shares by 12.0% during the second quarter. Northern Trust Corp now owns 81,561 shares of the software maker valued at $436,000 after buying an additional 8,712 shares last quarter. Finally, InterOcean Capital Group LLC purchased a new position in Immersion stock during the first quarter worth approximately $56,000. 50.49% of the shares are held by institutional investors.

Analysts set new price targets

Several brokerages have recently published reports on IRMM. Craig Hallum cut his price target on Immersion shares from $12.00 to $10.00 and set a “buy” rating on the stock in a Tuesday, June 7 research note. StockNews.com downgraded Immersion shares from a “buy” rating to a “hold” rating in a Monday, August 15 research note.

Immersion Company Profile

(Get a rating)

Immersion Corporation, together with its subsidiaries, invents, scales and licenses haptic technologies that enable people to use their sense of touch to interact with and experience various digital products in North America , Europe and Asia. The company provides combined technologies, patents and licenses.

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Insider Buying and Selling by Quarter for Immersion (NASDAQ:IMMR)

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