New insider activity at Immersion ( (IMMR) ) has taken place on March 22, 2025.
Director Eric Singer has made a significant investment in Immersion by purchasing 47,638 shares of the company’s stock, with the transaction valued at $357,561.
Recent Updates on IMMR stock
In the last 24 hours, Immersion’s stock has been influenced by its recent financial performance and strategic investments. The company reported strong Q3 revenues of $474.8 million, significantly surpassing consensus estimates of $136.06 million. This robust financial performance was partly attributed to Immersion’s strategic acquisition of a 42% stake in Barnes & Noble Education, although this has since decreased to 32.3% due to additional stock issuances. The company’s focus on returning value to shareholders through dividends and buybacks, alongside its strategic investments, has been a key driver in analyst ratings and price target considerations. The emphasis on building long-term shareholder value and financial robustness has contributed to positive sentiment around the stock.
More about Immersion
YTD Price Performance: -10.08%
Average Trading Volume: 522,809
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $245.6M