Digimarc Corp. (NASDAQ:DMRC) shares dropped 4.4% during trading on Tuesday . The stock traded as low as $35.38 and last traded at $35.46, with a volume of 54,411 shares. The stock had previously closed at $37.08.

DMRC has been the subject of several analyst reports. B. Riley reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Digimarc Corp. in a report on Friday, April 22nd. Zacks Investment Research downgraded shares of Digimarc Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. Finally, Craig Hallum assumed 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.

The stock’s market capitalization is $301.46 million. The company’s 50-day moving average is $32.36 and its 200 day moving average is $30.61.

Digimarc Corp. (NASDAQ:DMRC) last released its quarterly earnings data on Tuesday, July 26th. The company reported ($0.62) earnings per share for the quarter, meeting the consensus estimate of ($0.62). The company had revenue of $5.46 million for the quarter, compared to analysts’ expectations of $5.62 million. During the same period in the previous year, the firm earned ($0.50) earnings per share. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, analysts anticipate that Digimarc Corp. will post ($2.46) 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.