Digimarc Corp. (DMRC) Stock Price Down 2.5%
Digimarc Corp. (NASDAQ:DMRC)’s share price fell 2.5% during trading on Friday . The company traded as low as $35.76 and last traded at $35.89, with a volume of 58,644 shares trading hands. The stock had previously closed at $36.81.
A number of brokerages have commented on DMRC. Zacks Investment Research upgraded Digimarc Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. B. Riley restated a “buy” rating and issued a $44.00 target price on shares of Digimarc Corp. in a research note on Monday, May 2nd. Finally, Craig Hallum began coverage on Digimarc Corp. in a research note on Friday, June 17th. They issued a “buy” rating and a $48.00 target price for the company.
The stock has a 50-day moving average of $34.34 and a 200 day moving average of $30.48. The firm’s market capitalization is $309.41 million.
Digimarc Corp. (NASDAQ:DMRC) last released its earnings results on Tuesday, July 26th. The company reported ($0.62) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.01. The firm had revenue of $5.46 million for the quarter, compared to analyst estimates of $5.62 million. During the same period in the prior year, the firm earned ($0.50) EPS. The firm’s revenue was down 5.9% on a year-over-year basis. Analysts anticipate 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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