Digimarc Corp. (DMRC) Stock Price Up 4.5%
Digimarc Corp. (NASDAQ:DMRC)’s share price rose 4.5% during mid-day trading on Wednesday . The company traded as high as $36.09 and last traded at $35.90, with a volume of 60,973 shares trading hands. The stock had previously closed at $34.36.
DMRC has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Digimarc Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Craig Hallum initiated coverage on shares of Digimarc Corp. in a report on Friday, June 17th. They issued a “buy” rating and a $48.00 price target for the company. Finally, B. Riley reiterated a “buy” rating and issued a $44.00 price target on shares of Digimarc Corp. in a report on Friday, April 22nd.
The firm’s market cap is $307.36 million. The company’s 50 day moving average price is $31.50 and its 200 day moving average price is $30.56.
Digimarc Corp. (NASDAQ:DMRC) last released its earnings results on Wednesday, April 27th. The company reported ($0.64) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.64). During the same period last year, the firm earned ($0.52) EPS. The business had revenue of $5.58 million for the quarter, compared to analysts’ expectations of $5.20 million. The company’s revenue was down 6.7% compared to the same quarter last year. Equities analysts anticipate that Digimarc Corp. will post ($2.42) earnings per share for the current year.
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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