Press coverage about Digimarc (NASDAQ:DMRC) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Digimarc earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the information technology services provider an impact score of 47.5178384117574 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Digimarc (DMRC) Cut to “Strong Sell” at ValuEngine (americanbankingnews.com)
- Digimarc (DMRC) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Analysts Anticipate Digimarc (DMRC) Will Post Quarterly Sales of $5.48 Million (americanbankingnews.com)
- Digimarc (DMRC) Expected to Announce Earnings of -$0.82 Per Share (americanbankingnews.com)
- Digimarc (DMRC) Lowered to Sell at BidaskClub (americanbankingnews.com)
DMRC has been the topic of a number of recent research reports. BidaskClub lowered shares of Digimarc from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research lowered shares of Digimarc from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. ValuEngine raised shares of Digimarc from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Needham & Company LLC dropped their price target on shares of Digimarc from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $43.75.
Digimarc (NASDAQ:DMRC) last released its quarterly earnings results on Wednesday, February 21st. The information technology services provider reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.03). Digimarc had a negative net margin of 102.21% and a negative return on equity of 33.46%. The firm had revenue of $4.90 million for the quarter, compared to the consensus estimate of $5.26 million. During the same period in the previous year, the business earned ($0.57) earnings per share. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. analysts predict that Digimarc will post -2.93 earnings per share for the current year.
In related news, CEO Bruce L. Davis sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $30.53, for a total transaction of $152,650.00. Following the completion of the sale, the chief executive officer now owns 92,014 shares in the company, valued at $2,809,187.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.50% of the company’s stock.
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Digimarc Company Profile
Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company 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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