Shares of Digimarc Corp. (NASDAQ:DMRC) were down 4.1% during mid-day trading on Monday . The company traded as low as $34.81 and last traded at $34.92, with a volume of 65,327 shares trading hands. The stock had previously closed at $36.41.

A number of analysts recently issued reports on DMRC shares. 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. Zacks Investment Research lowered Digimarc Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. Finally, Craig Hallum started coverage on Digimarc Corp. in a report on Friday, June 17th. They issued a “buy” rating and a $48.00 price target for the company.

The firm’s market capitalization is $301.49 million. The company has a 50-day moving average price of $33.06 and a 200 day moving average price of $30.47.

Digimarc Corp. (NASDAQ:DMRC) last released its quarterly earnings data on Tuesday, July 26th. The company reported ($0.62) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.63) by $0.01. The business earned $5.46 million during the quarter, compared to analyst estimates of $5.62 million. During the same quarter in the previous year, the company posted ($0.50) EPS. The firm’s revenue was down 5.9% on a year-over-year basis. On average, analysts forecast that Digimarc Corp. will post ($2.43) EPS for the current fiscal 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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