Added to YB: 2024-10-25
Pitch date: 2024-10-24
IMMR [bullish]
Immersion Corporation
+1.07%
current return
Author Info
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Company Info
Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia.
Market Cap
$268.7M
Pitch Price
$8.45
Price Target
70.00 (+720%)
Dividend
2.16%
Sector
Technology Hardware, Storage and Peripherals
Category
value
Good entry opportunity with a 4x U share? - Immersion Corporation
IMMR: Haptic tech co w/ 42% stake in BNED. Q2 rev $99.4M, profit $28.8M. P/E 3.2, 2.12% yield. CEO Singer (activist) owns 10%, buybacks & dividends. $70 PT in 3yrs (+724%). Catalyst: BNED Q4 results. Fair P/E 22 vs current 3.2. Unknown, unclear, unpopular, undervalued.
Read full article (4 min)