Digimarc Corp. (DMRC) Shares Down 2.5%
Digimarc Corp. (NASDAQ:DMRC) shares traded down 2.5% during mid-day trading on Friday . The stock traded as low as $35.76 and last traded at $35.89, with a volume of 58,644 shares traded. The stock had previously closed at $36.81.
Several research analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $44.00 price target on shares of Digimarc Corp. in a research note on Saturday, July 30th. Zacks Investment Research raised Digimarc Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Finally, Craig Hallum assumed coverage on Digimarc Corp. in a research note on Friday, June 17th. They issued a “buy” rating and a $48.00 price target for the company.
The stock’s market capitalization is $309.41 million. The firm’s 50 day moving average is $34.34 and its 200 day moving average is $30.48.
Digimarc Corp. (NASDAQ:DMRC) last announced its quarterly earnings data on Tuesday, July 26th. The company reported ($0.62) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.01. The firm earned $5.46 million during the quarter, compared to the consensus estimate of $5.62 million. During the same quarter in the prior year, the business posted ($0.50) EPS. Digimarc Corp.’s revenue was down 5.9% compared to the same quarter last year. Equities research analysts forecast that Digimarc Corp. will post ($2.41) 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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