Digimarc (NASDAQ:DMRC) Issues Earnings Results

Digimarc (NASDAQ:DMRC) issued its quarterly earnings results on Thursday. The information technology services provider reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.24, FiscalAI reports. Digimarc had a negative return on equity of 34.31% and a negative net margin of 99.80%. The business had revenue of $6.45 million for the quarter, compared to analyst estimates of $6.25 million.

Digimarc Trading Down 3.3%

Shares of Digimarc stock traded down $0.25 during trading on Thursday, reaching $7.43. The company’s stock had a trading volume of 172,141 shares, compared to its average volume of 204,652. Digimarc has a fifty-two week low of $4.07 and a fifty-two week high of $17.47. The firm has a market cap of $166.48 million, a PE ratio of -5.20 and a beta of 2.18. The company has a 50-day moving average price of $6.46 and a two-hundred day moving average price of $7.14.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DMRC shares. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of Digimarc in a research note on Friday, August 14th. Wall Street Zen cut shares of Digimarc from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Digimarc in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.00.

About Digimarc

Digimarc Corporation (NASDAQ: DMRC) develops digital watermarking and product identification technologies. Its platform embeds imperceptible, machine-readable identifiers into images, audio, video, printed materials and product packaging, enabling businesses and devices to recognize, authenticate and track physical and digital objects. The company’s solutions support applications including brand protection, product authentication, supply-chain visibility, media management, content monetization and recycling.