Digimarc Corp (NASDAQ:DMRC) has been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $62.50.
Several brokerages recently issued reports on DMRC. ValuEngine cut Digimarc from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. BidaskClub raised Digimarc from a “strong sell” rating to a “sell” rating in a report on Friday, September 6th. Finally, Northland Securities set a $55.00 price objective on Digimarc and gave the stock a “buy” rating in a report on Friday, September 27th.
Shares of DMRC stock opened at $37.66 on Wednesday. The stock has a fifty day moving average price of $40.29 and a 200 day moving average price of $43.72. The stock has a market cap of $481.42 million, a PE ratio of -13.17 and a beta of 0.06. Digimarc has a 1 year low of $14.03 and a 1 year high of $66.50.
Digimarc (NASDAQ:DMRC) last issued its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported ($0.68) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.75) by $0.07. The firm had revenue of $6.18 million during the quarter. Digimarc had a negative return on equity of 56.59% and a negative net margin of 149.00%. As a group, sell-side analysts anticipate that Digimarc will post -2.83 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in shares of Digimarc by 780.6% in the second quarter. Bank of Montreal Can now owns 1,092 shares of the information technology services provider’s stock worth $49,000 after acquiring an additional 968 shares during the last quarter. Aperio Group LLC acquired a new position in shares of Digimarc in the second quarter worth $72,000. Metropolitan Life Insurance Co NY acquired a new position in shares of Digimarc in the first quarter worth $116,000. MetLife Investment Advisors LLC acquired a new position in shares of Digimarc in the first quarter worth $161,000. Finally, Parallax Volatility Advisers L.P. acquired a new position in shares of Digimarc in the second quarter worth $187,000. 58.10% of the stock is owned by institutional investors.
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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