Digimarc Corp. (DMRC) Sees Large Volume Increase
Digimarc Corp. (NASDAQ:DMRC) shares saw unusually-strong trading volume on Friday . Approximately 479,871 shares traded hands during mid-day trading, an increase of 450% from the previous session’s volume of 87,274 shares.The stock last traded at $34.49 and had previously closed at $34.53.
A number of analysts have weighed in on DMRC shares. B. Riley restated a “buy” rating and issued a $44.00 price target on shares of Digimarc Corp. in a research note on Friday, April 22nd. Zacks Investment Research cut Digimarc Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. Finally, Craig Hallum started coverage on Digimarc Corp. in a research note on Friday, June 17th. They issued a “buy” rating and a $48.00 price target on the stock.
The company has a 50 day moving average price of $33.54 and a 200-day moving average price of $30.51. The stock’s market cap is $296.75 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 Thomson Reuters’ consensus estimate of ($0.63) by $0.01. The company had revenue of $5.46 million for the quarter, compared to analysts’ expectations of $5.62 million. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.50) earnings per share. On average, equities 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’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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