Shares of Digimarc Corporation (NASDAQ:DMRC) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $45.33.

Several brokerages have recently weighed in on DMRC. Zacks Investment Research lowered shares of Digimarc from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Cowen Inc set a $50.00 target price on shares of Digimarc and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, B. Riley reiterated a “buy” rating and set a $44.00 target price on shares of Digimarc in a research report on Friday, October 27th.

Digimarc (DMRC) opened at $38.35 on Monday. Digimarc has a twelve month low of $24.20 and a twelve month high of $41.75.

Digimarc (NASDAQ:DMRC) last posted its quarterly earnings data on Thursday, October 26th. The information technology services provider reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.30. Digimarc had a negative net margin of 90.69% and a negative return on equity of 30.98%. The company had revenue of $8.68 million for the quarter, compared to the consensus estimate of $5.72 million. During the same quarter in the previous year, the firm posted ($0.55) EPS. The business’s revenue was up 55.6% compared to the same quarter last year. sell-side analysts predict that Digimarc will post -2.4 earnings per share for the current year.

In other Digimarc news, EVP Joel Meyer sold 7,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $35.03, for a total value of $245,210.00. Following the transaction, the executive vice president now directly owns 63,551 shares in the company, valued at $2,226,191.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Bruce L. Davis sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the chairman now owns 108,677 shares in the company, valued at $3,836,298.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,000 shares of company stock worth $596,710. 7.50% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Marathon Capital Management boosted its position in Digimarc by 0.5% in the second quarter. Marathon Capital Management now owns 59,605 shares of the information technology services provider’s stock valued at $2,393,000 after buying an additional 275 shares in the last quarter. American International Group Inc. boosted its position in Digimarc 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 in the last quarter. Bank of America Corp DE boosted its position in Digimarc by 2.1% in the first quarter. Bank of America Corp DE now owns 20,857 shares of the information technology services provider’s stock valued at $563,000 after buying an additional 431 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Digimarc by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock valued at $334,000 after buying an additional 540 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Digimarc by 7.9% in the second quarter. Rhumbline Advisers now owns 11,265 shares of the information technology services provider’s stock valued at $452,000 after buying an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 49.13% of the company’s stock.

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About Digimarc

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.

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