Digimarc Corp. (NASDAQ:DMRC) saw strong trading volume on Monday . 254,877 shares were traded during mid-day trading, an increase of 114% from the previous session’s volume of 119,251 shares.The stock last traded at $38.58 and had previously closed at $38.15.

Several equities research analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and issued a $44.00 target price 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 Friday, July 29th. Finally, Craig Hallum assumed coverage on shares of Digimarc Corp. in a research note on Friday, June 17th. They issued a “buy” rating and a $48.00 target price on the stock.

The stock’s market cap is $332.33 million. The firm’s 50 day moving average is $35.72 and its 200 day moving average is $30.75.

Digimarc Corp. (NASDAQ:DMRC) last posted its earnings results on Tuesday, July 26th. The company reported ($0.62) earnings per share for the quarter, beating the consensus estimate of ($0.63) by $0.01. The firm had revenue of $5.46 million for the quarter, compared to analysts’ expectations of $5.62 million. During the same period last year, the firm earned ($0.50) earnings per share. Digimarc Corp.’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, analysts expect that Digimarc Corp. will post ($2.38) EPS 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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