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. “
Several other brokerages have also weighed in on DMRC. Needham & Company LLC assumed coverage on Digimarc Corp. in a research note on Friday, September 9th. They issued a buy rating and a $46.00 price target for the company. B. Riley restated a buy rating and issued a $44.00 price target on shares of Digimarc Corp. in a research note on Saturday, August 20th.
Shares of Digimarc Corp. (NASDAQ:DMRC) opened at 33.10 on Tuesday. The firm’s 50-day moving average price is $35.81 and its 200-day moving average price is $32.40. The stock’s market capitalization is $285.12 million. Digimarc Corp. has a 12 month low of $21.80 and a 12 month high of $44.94.
Digimarc Corp. (NASDAQ:DMRC) last released its quarterly earnings data on Tuesday, July 26th. The company reported ($0.62) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.63) by $0.01. The business earned $5.46 million during the quarter, compared to analyst estimates of $5.62 million. Digimarc Corp. had a negative return on equity of 41.64% and a negative net margin of 95.57%. The company’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.50) EPS. On average, equities research analysts forecast that Digimarc Corp. will post ($2.39) EPS for the current year.
A number of large investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in Digimarc Corp. by 4.0% in the second quarter. BlackRock Fund Advisors now owns 217,222 shares of the company’s stock valued at $6,942,000 after buying an additional 8,377 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in Digimarc Corp. by 14.7% in the second quarter. BlackRock Investment Management LLC now owns 32,282 shares of the company’s stock valued at $1,032,000 after buying an additional 4,145 shares during the last quarter. Marathon Capital Management boosted its stake in Digimarc Corp. by 53.7% in the second quarter. Marathon Capital Management now owns 37,480 shares of the company’s stock valued at $1,198,000 after buying an additional 13,090 shares during the last quarter. Vanguard Group Inc. boosted its stake in Digimarc Corp. by 5.1% in the second quarter. Vanguard Group Inc. now owns 314,325 shares of the company’s stock valued at $10,045,000 after buying an additional 15,346 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its stake in Digimarc Corp. by 12.9% in the second quarter. Baillie Gifford & Co. now owns 174,500 shares of the company’s stock valued at $5,577,000 after buying an additional 20,000 shares during the last quarter. Institutional investors own 45.63% of the company’s stock.
Digimarc Corp. Company Profile
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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