Digimarc (NASDAQ:DMRC) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Digimarc (NASDAQ:DMRC - Get Free Report) posted its quarterly earnings data on Monday. The information technology services provider reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.10), Zacks reports. The business had revenue of $9.37 million during the quarter, compared to the consensus estimate of $8.76 million. Digimarc had a negative net margin of 104.84% and a negative return on equity of 41.67%.

Digimarc Trading Up 4.3 %

Shares of DMRC stock traded up $0.56 on Thursday, reaching $13.45. The company had a trading volume of 52,088 shares, compared to its average volume of 163,872. The stock has a market cap of $289.82 million, a PE ratio of -6.90 and a beta of 1.44. The company has a 50-day moving average of $13.24 and a 200-day moving average of $27.53. Digimarc has a 12 month low of $10.44 and a 12 month high of $48.32.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reduced their target price on shares of Digimarc from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th.

Digimarc Company Profile

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.