Digimarc Corp. (DMRC) Stock Price Up 6.6%
Digimarc Corp. (NASDAQ:DMRC) shares rose 6.6% during mid-day trading on Monday . The company traded as high as $36.94 and last traded at $36.71, with a volume of 113,113 shares trading hands. The stock had previously closed at $34.45.
DMRC has been the topic of a number of recent analyst reports. Craig Hallum began coverage on Digimarc Corp. in a research note on Friday, June 17th. They issued a “buy” rating and a $48.00 price objective on the stock. Zacks Investment Research downgraded Digimarc Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, B. Riley reaffirmed a “buy” rating and set a $44.00 price target on shares of Digimarc Corp. in a research note on Friday, April 22nd.
The firm has a 50-day moving average price of $33.90 and a 200-day moving average price of $30.40. The stock’s market cap is $323.03 million.
Digimarc Corp. (NASDAQ:DMRC) last announced its quarterly earnings data on Tuesday, July 26th. The company reported ($0.62) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.63) by $0.01. During the same period last year, the business posted ($0.50) earnings per share. The company had revenue of $5.46 million for the quarter, compared to the consensus estimate of $5.62 million. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, analysts anticipate that Digimarc Corp. will post ($2.41) 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’s Digimarc Discover and Digimarc Barcode Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.
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