Digimarc Corp (DMRC) Received Consensus Recommendation of “Purchase” by Brokerages

Digimarc Corp (DMRC) Received Consensus Recommendation of “Purchase” by Brokerages

Shares of Digimarc Corp (NASDAQ:DMRC) have been given an average rating of “Buy” by the six brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $43.00.

A number of equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Digimarc Corp from a “sell” rating to a “hold” rating in a research note on Friday. B. Riley assumed coverage on shares of Digimarc Corp in a research note on Friday, February 17th. They issued a “buy” rating and a $44.00 target price on the stock. Zacks Investment Research upgraded shares of Digimarc Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Finally, Needham & Company LLC cut their target price on shares of Digimarc Corp from $40.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, February 23rd.

Digimarc Corp (DMRC) traded up 4.14% during mid-day trading on Friday, reaching $35.25. The company’s stock had a trading volume of 130,517 shares. The stock’s 50 day moving average price is $30.51 and its 200 day moving average price is $28.18. The stock’s market capitalization is $358.99 million. Digimarc Corp has a 1-year low of $24.20 and a 1-year high of $40.13.

Digimarc Corp (NASDAQ:DMRC) last posted its quarterly earnings data on Wednesday, April 26th. The information technology services provider reported ($0.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.05. The company had revenue of $6.10 million during the quarter, compared to analysts’ expectations of $5.61 million. Digimarc Corp had a negative net margin of 98.10% and a negative return on equity of 38.75%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.64) EPS. Analysts expect that Digimarc Corp will post ($2.65) EPS for the current fiscal year.

In related news, insider Tony Rodriguez sold 2,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $35.30, for a total transaction of $70,600.00. Following the sale, the insider now owns 31,887 shares in the company, valued at $1,125,611.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joel Meyer sold 3,371 shares of the stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $26.23, for a total transaction of $88,421.33. Following the sale, the executive vice president now owns 66,492 shares in the company, valued at approximately $1,744,085.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,371 shares of company stock worth $458,001. Company insiders own 8.57% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. American International Group Inc. raised its stake in Digimarc Corp by 8.1% in the first quarter. American International Group Inc. now owns 5,198 shares of the information technology services provider’s stock valued at $140,000 after buying an additional 391 shares during the period. WealthTrust Arizona LLC raised its stake in Digimarc Corp by 3.9% in the first quarter. WealthTrust Arizona LLC now owns 5,285 shares of the information technology services provider’s stock valued at $143,000 after buying an additional 200 shares during the period. RMB Capital Management LLC acquired a new stake in Digimarc Corp during the fourth quarter valued at $309,000. Teachers Advisors LLC raised its stake in Digimarc Corp by 6.8% in the fourth quarter. Teachers Advisors LLC now owns 13,884 shares of the information technology services provider’s stock valued at $417,000 after buying an additional 881 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in Digimarc Corp during the fourth quarter valued at $422,000. Hedge funds and other institutional investors own 57.20% of the company’s stock.

Digimarc Corp Company Profile

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:DMRC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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