Digimarc (NASDAQ:DMRC) Announces Quarterly Earnings Results

Key Points

• Digimarc reported a quarterly loss of ($0.28) EPS, missing the consensus estimate of ($0.15) by ($0.13), and has a negative net margin of 106.75%.
• Following the earnings announcement, Digimarc's stock price fell by 5.1%, closing at $11.03, with a 12-month trading range between $10.44 and $48.32.
• Institutional investors have shown significant interest, with 66.85% of Digimarc's shares owned by hedge funds and recent large purchases from firms including Jane Street Group and JPMorgan Chase & Co.

Digimarc (NASDAQ:DMRC - Get Free Report) announced its earnings results on Thursday. The information technology services provider reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.13), Zacks reports. Digimarc had a negative net margin of 106.75% and a negative return on equity of 47.23%.

Digimarc Trading Down 5.1%

Shares of DMRC stock traded down $0.59 during trading hours on Thursday, hitting $11.03. 230,246 shares of the company's stock were exchanged, compared to its average volume of 125,237. The company has a market capitalization of $237.70 million, a PE ratio of -5.87 and a beta of 1.46. Digimarc has a 12-month low of $10.44 and a 12-month high of $48.32. The business's 50 day simple moving average is $12.65 and its 200-day simple moving average is $16.13.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new position in shares of Digimarc during the first quarter worth approximately $128,000. Jump Financial LLC purchased a new position in shares of Digimarc during the second quarter worth approximately $163,000. Quantbot Technologies LP purchased a new position in shares of Digimarc in the second quarter worth $190,000. Jane Street Group LLC increased its stake in shares of Digimarc by 915.0% in the first quarter. Jane Street Group LLC now owns 69,538 shares of the information technology services provider's stock worth $891,000 after buying an additional 62,687 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Digimarc by 17.8% in the second quarter. JPMorgan Chase & Co. now owns 106,375 shares of the information technology services provider's stock worth $1,405,000 after buying an additional 16,106 shares during the period. 66.85% of the stock is owned by hedge funds and other institutional investors.

About Digimarc

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.

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