Digimarc Corp. (DMRC) Shares Up 3.1%
Digimarc Corp. (NASDAQ:DMRC)’s share price shot up 3.1% during trading on Friday . The company traded as high as $38.35 and last traded at $38.15, with a volume of 102,005 shares. The stock had previously closed at $37.01.
A number of brokerages have commented on DMRC. B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of Digimarc Corp. in a research note on Saturday, August 20th. Zacks Investment Research raised shares of Digimarc Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Finally, Craig Hallum began coverage on shares of Digimarc Corp. in a research note on Friday, June 17th. They issued a “buy” rating and a $48.00 price objective for the company.
The stock’s market capitalization is $328.62 million. The company has a 50-day moving average price of $35.63 and a 200-day moving average price of $30.65.
Digimarc Corp. (NASDAQ:DMRC) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.62) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.01. During the same quarter in the prior year, the company posted ($0.50) earnings per share. The company had revenue of $5.46 million for the quarter, compared to analyst estimates of $5.62 million. The business’s revenue was down 5.9% on a year-over-year basis. Equities analysts predict that Digimarc Corp. will post ($2.38) 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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