Digimarc Corp. (DMRC) Stock Price Up 2.7%
Digimarc Corp. (NASDAQ:DMRC) rose 2.7% on Wednesday . The stock traded as high as $36.15 and last traded at $35.67, with a volume of 93,422 shares. The stock had previously closed at $34.72.
DMRC has been the subject of several recent research reports. B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of Digimarc Corp. in a report on Friday, April 22nd. Craig Hallum initiated coverage on Digimarc Corp. in a report on Friday, June 17th. They issued a “buy” rating and a $48.00 price objective for the company. Finally, Zacks Investment Research raised Digimarc Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th.
The company has a 50-day moving average of $34.85 and a 200 day moving average of $30.44. The company’s market capitalization is $307.26 million.
Digimarc Corp. (NASDAQ:DMRC) last released its earnings results on Tuesday, July 26th. The company reported ($0.62) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.01. The company earned $5.46 million during the quarter, compared to the consensus estimate of $5.62 million. The company’s revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.50) earnings per share. Analysts expect that Digimarc Corp. will post ($2.38) 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’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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