Maxim Group Thinks Dolphin Entertainment’s Stock is Going to Recover

By Ryan Adsit

In a report released yesterday, Jack Vander Aarde from Maxim Group maintained a Buy rating on Dolphin Entertainment (DLPNResearch Report), with a price target of $1.50. The company’s shares closed last Monday at $0.49, close to its 52-week low of $0.33.

According to TipRanks.com, Aarde is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -16.9% and a 38.1% success rate. Aarde covers the Services sector, focusing on stocks such as Livexlive Media, Boxlight, and Hyrecar.

Dolphin Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $1.55.

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Based on Dolphin Entertainment’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.45 million and GAAP net loss of $73.29K. In comparison, last year the company earned revenue of $5.83 million and had a GAAP net loss of $3.58 million.

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Dolphin Entertainment, Inc. is an independent entertainment marketing and premium content development company, which engages in the provision of marketing and publicity services to major film studios, and many of the independent and digital content providers. It operates through the following segments: Entertainment Publicity & Marketing and Content Production. The Entertainment Publicity & Marketing segment includes 42West and provides clients with diversified services, including public relations, entertainment content marketing and strategic marketing consulting. The Content Production segment comprises of Dolphin Entertainment, Dolphin Films, and Dolphin Digital Studios and specializes in the production and distribution of digital content and feature films. The company was founded on March 7, 1995 and is headquartered in Coral Gables, FL.