Digimarc (NASDAQ: DMRC) has recently received a number of price target changes and ratings updates:

  • 9/13/2018 – Digimarc was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/8/2018 – Digimarc was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/7/2018 – Digimarc was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/23/2018 – Digimarc was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/14/2018 – Digimarc was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/8/2018 – Digimarc was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DIGIMARC CORPORATION based in Beaverton, Oregon, is a leading innovator and technology provider, enabling businesses and governments worldwide to enrich everyday living by giving persistent digital identities to all forms of media and objects. The company’s technology enables a wide range of solutions for enhancing traffic safety and national security, deterring fraud, counterfeiting and piracy, and enabling new digital media distribution and monetization models that provide consumers with more choice and access to content when, where and how they want it. Digimarc licenses its intellectual property to business partners across a range of industries, delivers solutions for protecting and managing digital images, and offers professional development services to bring strategic initiatives to market. “
  • 8/6/2018 – Digimarc was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “DIGIMARC CORPORATION based in Beaverton, Oregon, is a leading innovator and technology provider, enabling businesses and governments worldwide to enrich everyday living by giving persistent digital identities to all forms of media and objects. The company’s technology enables a wide range of solutions for enhancing traffic safety and national security, deterring fraud, counterfeiting and piracy, and enabling new digital media distribution and monetization models that provide consumers with more choice and access to content when, where and how they want it. Digimarc licenses its intellectual property to business partners across a range of industries, delivers solutions for protecting and managing digital images, and offers professional development services to bring strategic initiatives to market. “
  • 8/6/2018 – Digimarc had its “buy” rating reaffirmed by analysts at National Securities. They now have a $43.00 price target on the stock.
  • 8/3/2018 – Digimarc had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $34.00 price target on the stock, down previously from $35.00.

Shares of NASDAQ:DMRC opened at $29.10 on Thursday. Digimarc Corp has a 1 year low of $22.85 and a 1 year high of $39.95. The firm has a market cap of $371.86 million, a P/E ratio of -11.93 and a beta of -1.19.

Digimarc (NASDAQ:DMRC) last announced its quarterly earnings data on Wednesday, August 1st. The information technology services provider reported ($0.71) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.81) by $0.10. Digimarc had a negative return on equity of 37.68% and a negative net margin of 116.98%. The business had revenue of $5.44 million during the quarter, compared to analyst estimates of $5.28 million. analysts predict that Digimarc Corp will post -2.76 EPS for the current year.

In other Digimarc news, CEO Bruce L. Davis sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $27.00, for a total transaction of $135,000.00. Following the transaction, the chief executive officer now directly owns 77,240 shares in the company, valued at $2,085,480. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Bruce L. Davis sold 9,938 shares of the firm’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $32.51, for a total value of $323,084.38. Following the transaction, the chief executive officer now owns 72,240 shares in the company, valued at $2,348,522.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,393 shares of company stock valued at $471,225. 6.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC raised its holdings in Digimarc by 56.3% during the second quarter. Janus Henderson Group PLC now owns 918,597 shares of the information technology services provider’s stock valued at $24,618,000 after buying an additional 331,052 shares in the last quarter. Senvest Management LLC raised its holdings in Digimarc by 7.1% during the first quarter. Senvest Management LLC now owns 892,156 shares of the information technology services provider’s stock valued at $21,367,000 after buying an additional 58,826 shares in the last quarter. BlackRock Inc. raised its holdings in Digimarc by 15.9% during the second quarter. BlackRock Inc. now owns 715,481 shares of the information technology services provider’s stock valued at $19,174,000 after buying an additional 98,190 shares in the last quarter. Hood River Capital Management LLC raised its holdings in Digimarc by 3.9% during the second quarter. Hood River Capital Management LLC now owns 589,869 shares of the information technology services provider’s stock valued at $15,808,000 after buying an additional 22,143 shares in the last quarter. Finally, Baillie Gifford & Co. raised its holdings in Digimarc by 3.5% during the second quarter. Baillie Gifford & Co. now owns 425,736 shares of the information technology services provider’s stock valued at $11,409,000 after buying an additional 14,261 shares in the last quarter. Institutional investors own 55.56% of the company’s stock.

Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.

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