Digimarc (NASDAQ:DMRC) Issues Quarterly Earnings Results
Digimarc (NASDAQ:DMRC) posted its earnings results on Wednesday. The information technology services provider reported ($0.62) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.71) by $0.09, MarketWatch Earnings reports. The firm had revenue of $6.50 million for the quarter. Digimarc had a negative return on equity of 66.57% and a negative net margin of 137.68%.
Shares of DMRC traded up $0.02 during midday trading on Friday, hitting $12.93. The stock had a trading volume of 1,525 shares, compared to its average volume of 79,342. The company has a 50 day simple moving average of $15.62 and a two-hundred day simple moving average of $19.72. Digimarc has a twelve month low of $9.92 and a twelve month high of $46.99. The firm has a market cap of $161.98 million, a price-to-earnings ratio of -4.75 and a beta of 1.14.
Several research analysts have weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Digimarc in a report on Friday. ValuEngine raised Digimarc from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.00.
Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.
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