Digimarc (DMRC) Earns News Impact Rating of 0.11

Media stories about Digimarc (NASDAQ:DMRC) have been trending somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Digimarc earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the information technology services provider an impact score of 44.3791378708866 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Several equities analysts have weighed in on the stock. BidaskClub raised shares of Digimarc from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Zacks Investment Research downgraded shares of Digimarc from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Cowen set a $50.00 price target on shares of Digimarc and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, B. Riley reaffirmed a “buy” rating and set a $44.00 price target on shares of Digimarc in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.33.

Digimarc (NASDAQ:DMRC) opened at $36.15 on Tuesday. Digimarc has a 1-year low of $24.20 and a 1-year high of $41.75. The company has a market cap of $421.33, a price-to-earnings ratio of -16.07 and a beta of -1.19.

Digimarc (NASDAQ:DMRC) last released its earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.30. Digimarc had a negative net margin of 48.86% and a negative return on equity of 21.59%. The firm 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 earned ($0.55) earnings per share. The company’s quarterly revenue was up 55.6% compared to the same quarter last year. analysts anticipate that Digimarc will post -2.32 earnings per share for the current fiscal year.

In other news, Director Bernard Whitney sold 5,000 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $37.20, for a total value of $186,000.00. Following the transaction, the director now owns 33,630 shares of the company’s stock, valued at $1,251,036. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joel Meyer sold 7,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $35.03, for a total transaction of $245,210.00. Following the completion of the transaction, the executive vice president now directly owns 63,551 shares in the company, valued at approximately $2,226,191.53. The disclosure for this sale can be found here. Insiders sold 41,444 shares of company stock worth $1,480,616 in the last three months. Insiders own 7.50% 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.

Insider Buying and Selling by Quarter for Digimarc (NASDAQ:DMRC)

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