Digimarc (DMRC) Reaches New 1-Year High at $62.84

Digimarc Corp (NASDAQ:DMRC)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $62.84 and last traded at $62.69, with a volume of 14195 shares changing hands. The stock had previously closed at $58.76.

Several equities analysts recently commented on DMRC shares. Zacks Investment Research downgraded shares of Digimarc from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. BidaskClub upgraded shares of Digimarc from a “buy” rating to a “strong-buy” rating in a report on Monday, February 25th. National Securities downgraded shares of Digimarc from a “buy” rating to a “neutral” rating in a report on Monday, May 6th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target (up from $32.00) on shares of Digimarc in a report on Tuesday, March 12th. Finally, ValuEngine upgraded shares of Digimarc from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.25.

The stock has a market cap of $704.03 million, a PE ratio of -21.90 and a beta of 1.15.



Digimarc (NASDAQ:DMRC) last released its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.02). The company had revenue of $5.66 million during the quarter, compared to analysts’ expectations of $5.48 million. Digimarc had a negative net margin of 154.70% and a negative return on equity of 55.04%. On average, analysts anticipate that Digimarc Corp will post -3.01 EPS for the current fiscal year.

In other news, CEO Bruce L. Davis sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $47.90, for a total value of $718,500.00. Following the completion of the sale, the chief executive officer now owns 41,799 shares of the company’s stock, valued at approximately $2,002,172.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Aimee Arana sold 2,760 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $30.74, for a total transaction of $84,842.40. Following the completion of the sale, the executive vice president now directly owns 36,065 shares of the company’s stock, valued at approximately $1,108,638.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,975 shares of company stock valued at $2,293,702. 6.38% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of DMRC. BNP Paribas Arbitrage SA lifted its position in Digimarc by 58,800.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,356 shares of the information technology services provider’s stock valued at $74,000 after acquiring an additional 2,352 shares during the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in shares of Digimarc in the first quarter worth $116,000. MetLife Investment Advisors LLC acquired a new stake in shares of Digimarc in the first quarter worth $161,000. HighTower Advisors LLC acquired a new stake in shares of Digimarc in the first quarter worth $203,000. Finally, Rhumbline Advisers increased its stake in shares of Digimarc by 45.9% in the fourth quarter. Rhumbline Advisers now owns 15,042 shares of the information technology services provider’s stock worth $218,000 after acquiring an additional 4,732 shares during the period. 58.18% of the stock is owned by institutional investors.

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Digimarc Company Profile (NASDAQ:DMRC)

Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It 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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