Update 3/23/21 (NASDAQ: DLPN) drops big news potentially triggering a short squeeze today up over 150% in pre-market trading at $13-$14/share.
Good day everyone,
We are initiating coverage on Dolphin Entertainment, Inc. (NASDAQ: DLPN), an independent entertainment marketing and production company.
Current price $5.12 per share
Outstanding shares (est.) 6.56M
Shares in float (est.) 4.96M
Insider ownership 25.7%
52-week high $12.45/share
Market cap $34M
Last reported annual revenue $25M
Dolphin shares are trending right now. As the company stock chart indicates, he shares have gained significantly already in March and the shares have crossed their 50 DMA and their 200 DMA of $4.43 and $4.15 respectively, in a bullish manner. The Simple Moving Averages are green at all levels.
DLPN shares are trading 58% below their 52-week high and well below their February high of $7.50/share.
What’s going on at Dolphin that could be generating the momentum in the stock?
A new, potentially lucrative PR campaign.
A recent acquisition.
Growing revenues YOY 5 years running.
DLPN is a group of companies in the marketing and associated services industry:
42West
The Door | Idea house
Shore Fire Media
Viewpoint Creative
Be Social
Dolphin Films
In January, the company acquired B/HI (Formerly Bender/Helper Impact), a boutique entertainment agency that specializes in corporate and product communications programs for interactive gaming, esports, entertainment content and consumer products organizations and the acquisition is already paying off.
B/HI, a division of 42West, itself a wholly owned subsidiary of DLPN, has been retained by Funko, Inc. (FNKO, revenue $650M), a leading pop culture consumer products company, to oversee the public relations campaign for its new Snapsies™ product line.
Each Snapsies™ package provides kids with multiple pieces to create a custom character that makes their Snapsie unique. The patent pending snap-and-match technology allows kids to add an extra layer of personalization to an already diverse lineup of characters like rock star unicorn Jett, super-athletic mountain goat Billie, and hedgehog Boe, the baker.
Current licensing partnerships for Funko include Harry Potter, Disney, Star Wars, Marvel, NBA, NFL, among others, making them a potentially good customer.
DLPN is a company displaying initiative toward a potential gain in revenues. The B/HI acquisition could go a long way toward those gains. The tiny share structure means these shares could gain rapidly as investors scramble to acquire shares.
The company hasn’t released Q4 and FYE 2020 financials yet and like many companies, 2020 revenues could be slightly off from FYE 2019. We expect many investors might see the growth trend at DLPN and recognize the company’s potential. The current price to sales ratio is 1.40X and a company in a dynamic sector like DLPN could support a higher ratio.
Stay tuned. We have more to say about DLPN in our full report forthcoming.
The Traders News Group
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