Maxim Group Issues Pessimistic Forecast for Dolphin Entertainment (NASDAQ:DLPN) Stock Price

Dolphin Entertainment (NASDAQ:DLPN) had its price objective cut by Maxim Group from $8.00 to $5.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Maxim Group’s target price would indicate a potential upside of 354.55% from the company’s previous close.

Dolphin Entertainment Stock Down 6.0 %

DLPN stock opened at $1.10 on Friday. The stock has a market capitalization of $12.22 million, a P/E ratio of -0.60 and a beta of 1.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.91. Dolphin Entertainment has a 1-year low of $0.95 and a 1-year high of $3.70. The business has a fifty day moving average price of $1.30 and a 200-day moving average price of $1.67.

Dolphin Entertainment (NASDAQ:DLPN) last issued its earnings results on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The business had revenue of $11.45 million during the quarter. Dolphin Entertainment had a negative return on equity of 73.80% and a negative net margin of 31.53%.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.