Dolphin Entertainment (NASDAQ:DLPN) Lowered to Sell at Zacks Investment Research

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Zacks Investment Research cut shares of Dolphin Entertainment (NASDAQ:DLPN) from a hold rating to a sell rating in a report released on Monday morning, Zacks.com reports.

According to Zacks, “Dolphin Entertainment, Inc. is engaged in production of digital content. The company’s operating segment consists of Dolphin Digital Media and Dolphin Digital Studios. Dolphin Digital Media segment creates and manages social networking websites for children. It has developed Dolphinsecure.com, which is a secure website for children using fingerprint reader technology. Dolphin Digital Studios segment creates original programming that premieres online, with an initial focus on content geared toward tweens and teens. It also provides production services to a related party. Dolphin Entertainment Inc., formerly known as Dolphin Digital Media Inc., is headquartered in Coral Gables, FL. “

Several other equities analysts have also recently issued reports on the stock. Maxim Group reiterated a buy rating and set a $2.50 price target on shares of Dolphin Entertainment in a research report on Friday, November 15th. ValuEngine raised Dolphin Entertainment from a sell rating to a hold rating in a research report on Wednesday, October 2nd.

Shares of DLPN opened at $0.53 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a 50 day moving average price of $0.69 and a 200-day moving average price of $0.94. Dolphin Entertainment has a fifty-two week low of $0.45 and a fifty-two week high of $1.90.

An institutional investor recently raised its position in Dolphin Entertainment stock. Vanguard Group Inc. lifted its position in Dolphin Entertainment Inc (NASDAQ:DLPN) by 258.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 527,778 shares of the company’s stock after purchasing an additional 380,724 shares during the quarter. Vanguard Group Inc. owned about 3.67% of Dolphin Entertainment worth $554,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 6.54% of the company’s stock.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc produces and distributes online digital content in the United States. The company operates as a content producer of motion pictures, as well as produces Web series and feature films. In addition, it operates an entertainment public relations agency, which offers talent, marketing, and strategic communications services, as well as brand and digital marketing services.

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