Digimarc Corp. (DMRC) Shares Down 4%
Digimarc Corp. (NASDAQ:DMRC) shares traded down 4% during trading on Tuesday . The stock traded as low as $37.02 and last traded at $37.04, with a volume of 57,761 shares traded. The stock had previously closed at $38.58.
Several research analysts have commented on the company. B. Riley reaffirmed a “buy” rating and set a $44.00 target price on shares of Digimarc Corp. in a report on Saturday, August 20th. Zacks Investment Research raised Digimarc Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 8th. Finally, Craig Hallum began coverage on Digimarc Corp. in a research report on Friday, June 17th. They issued a “buy” rating and a $48.00 price objective for the company.
The firm has a 50-day moving average of $35.82 and a 200-day moving average of $30.82. The firm’s market capitalization is $322.42 million.
Digimarc Corp. (NASDAQ:DMRC) last released its quarterly earnings results on Tuesday, July 26th. The company reported ($0.62) earnings per share for the quarter, topping the 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 period in the previous year, the company posted ($0.50) EPS. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities research analysts predict 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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