Press coverage about Digimarc Corp (NASDAQ:DMRC) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Digimarc Corp earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the information technology services provider an impact score of 72 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the next few days.
Several equities analysts have issued reports on DMRC shares. Zacks Investment Research upgraded shares of Digimarc Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub cut shares of Digimarc Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. B. Riley restated a “buy” rating and issued a $44.00 price target on shares of Digimarc Corp in a research report on Sunday, April 30th. Cowen and Company upped their price target on shares of Digimarc Corp from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, June 27th. Finally, ValuEngine upgraded shares of Digimarc Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $45.75.
Shares of Digimarc Corp (NASDAQ DMRC) opened at 30.00 on Wednesday. The stock’s 50 day moving average is $34.41 and its 200 day moving average is $29.76. The firm’s market capitalization is $323.10 million. Digimarc Corp has a 52-week low of $24.20 and a 52-week high of $41.75.
Digimarc Corp (NASDAQ:DMRC) last posted its earnings results on Wednesday, July 26th. The information technology services provider reported ($0.68) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.68). Digimarc Corp had a negative return on equity of 37.52% and a negative net margin of 124.27%. The company had revenue of $5.59 million for the quarter, compared to analyst estimates of $5.69 million. During the same quarter in the previous year, the firm earned ($0.62) earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that Digimarc Corp will post ($2.69) EPS for the current year.
In other news, EVP Joel Meyer sold 7,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $31.77, for a total transaction of $222,390.00. Following the sale, the executive vice president now owns 70,121 shares in the company, valued at $2,227,744.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Charles Beck sold 1,000 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $40.33, for a total value of $40,330.00. Following the sale, the chief financial officer now owns 39,075 shares in the company, valued at approximately $1,575,894.75. The disclosure for this sale can be found here. Insiders sold 17,000 shares of company stock worth $601,820 in the last quarter. 7.50% of the stock is owned by insiders.
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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.
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