Digimarc Corp. (DMRC) Shares Down 2.8%
Digimarc Corp. (NASDAQ:DMRC) shares fell 2.8% during mid-day trading on Monday . The company traded as low as $35.00 and last traded at $35.52, with a volume of 57,634 shares. The stock had previously closed at $36.55.
A number of brokerages have recently issued reports on DMRC. B. Riley reiterated a “buy” rating and set a $44.00 price target on shares of Digimarc Corp. in a research note on Saturday. Zacks Investment Research upgraded shares of Digimarc Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Finally, Craig Hallum began coverage on shares of Digimarc Corp. in a research note on Friday, June 17th. They set a “buy” rating and a $48.00 price target on the stock.
The stock has a 50-day moving average price of $35.27 and a 200 day moving average price of $30.46. The stock’s market cap is $306.31 million.
Digimarc Corp. (NASDAQ:DMRC) last posted its quarterly earnings data 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 had revenue of $5.46 million for 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 quarter last year, the company earned ($0.50) earnings per share. Equities research analysts predict that Digimarc Corp. will post ($2.38) 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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