Digimarc Corp. (NASDAQ:DMRC) shares shot up 7.9% during trading on Tuesday . The company traded as high as $36.65 and last traded at $36.60, with a volume of 86,381 shares changing hands. The stock had previously closed at $33.93.

Several brokerages have issued reports on DMRC. Zacks Investment Research raised shares of Digimarc Corp. from a “sell” rating to a “hold” rating in a research report on Friday. Craig Hallum began coverage on shares of Digimarc Corp. in a research report on Friday, June 17th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, B. Riley reissued a “buy” rating and set a $44.00 price objective on shares of Digimarc Corp. in a research report on Monday, May 2nd.

The stock has a 50-day moving average of $30.33 and a 200 day moving average of $30.59. The firm’s market cap is $308.39 million.

Digimarc Corp. (NASDAQ:DMRC) last issued its quarterly earnings results on Wednesday, April 27th. The company reported ($0.64) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.64). During the same period in the previous year, the company posted ($0.52) earnings per share. The business earned $5.58 million during the quarter, compared to analyst estimates of $5.20 million. Digimarc Corp.’s revenue was down 6.7% compared to the same quarter last year. On average, analysts anticipate that Digimarc Corp. will post ($2.42) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Digimarc Corp. stock. Morgan Stanley raised its position in shares of Digimarc Corp. (NASDAQ:DMRC) by 72.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,161 shares of the company’s stock after buying an additional 29,585 shares during the period. Morgan Stanley owned approximately 0.83% of Digimarc Corp. worth $2,561,000 as of its most recent filing with the SEC.

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company has a computing platform that is intended to optimize the identification of consumer brand impressions, facilitating modern mobile-centric shopping.

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