Somewhat Favorable News Coverage Somewhat Unlikely to Impact Digimarc (DMRC) Stock Price

News headlines about Digimarc (NASDAQ:DMRC) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Digimarc earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the information technology services provider an impact score of 44.9750915759446 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Several equities research analysts recently commented on the company. BidaskClub raised Digimarc from a “strong sell” rating to a “sell” rating in a research note on Saturday. Needham & Company LLC lowered their price target on Digimarc from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. ValuEngine cut Digimarc from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Zacks Investment Research raised Digimarc from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, National Securities set a $43.00 price target on Digimarc and gave the company a “buy” rating in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $43.75.

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Shares of NASDAQ DMRC opened at $25.05 on Friday. The company has a market capitalization of $296.84, a P/E ratio of -10.27 and a beta of -0.99. Digimarc has a 52 week low of $22.85 and a 52 week high of $41.75.

Digimarc (NASDAQ:DMRC) last announced its quarterly earnings results on Wednesday, February 21st. The information technology services provider reported ($0.76) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.03). The firm had revenue of $4.90 million during the quarter, compared to the consensus estimate of $5.26 million. Digimarc had a negative net margin of 102.21% and a negative return on equity of 33.46%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.57) EPS. research analysts expect that Digimarc will post -2.93 earnings per share for the current year.

In related news, CEO Bruce L. Davis sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $30.53, for a total value of $152,650.00. Following the completion of the sale, the chief executive officer now directly owns 92,014 shares in the company, valued at approximately $2,809,187.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.50% of the stock is currently owned by insiders.

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About Digimarc

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.

Insider Buying and Selling by Quarter for Digimarc (NASDAQ:DMRC)

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