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 research reports. B. Riley restated a “buy” rating and set a $44.00 target price on shares of Digimarc Corp. in a research report on Friday, April 22nd. Craig Hallum initiated coverage on shares of Digimarc Corp. in a research report on Friday, June 17th. They set a “buy” rating and a $48.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Digimarc Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 8th.
The firm’s 50 day moving average price is $33.54 and its 200 day moving average price is $30.51. The stock’s market cap is $310.10 million.
Digimarc Corp. (NASDAQ:DMRC) last posted its quarterly earnings results on Tuesday, July 26th. The company reported ($0.62) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.63) by $0.01. The company earned $5.46 million during the quarter, compared to analyst estimates of $5.62 million. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.50) EPS. Analysts predict that Digimarc Corp. will post ($2.43) earnings per share 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.
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.