Digimarc Corporation (NASDAQ:DMRC - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.89 and traded as high as $7.31. Digimarc shares last traded at $7.29, with a volume of 117,080 shares trading hands.
Wall Street Analyst Weigh In
DMRC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Digimarc from a "sell" rating to a "hold" rating in a research note on Saturday, March 14th. Needham & Company LLC cut their price target on Digimarc from $20.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, March 16th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Digimarc in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $10.00.
View Our Latest Stock Report on DMRC
Digimarc Trading Up 4.7%
The firm has a 50 day moving average price of $5.59 and a 200-day moving average price of $6.89. The firm has a market capitalization of $161.04 million, a P/E ratio of -4.86 and a beta of 1.64.
Digimarc (NASDAQ:DMRC - Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The information technology services provider reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.07. Digimarc had a negative return on equity of 38.41% and a negative net margin of 95.27%.The firm had revenue of $8.91 million for the quarter, compared to the consensus estimate of $8.22 million.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of DMRC. Invesco Ltd. purchased a new position in Digimarc during the 4th quarter worth $78,000. Janney Montgomery Scott LLC boosted its position in Digimarc by 25.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,866 shares of the information technology services provider's stock valued at $91,000 after acquiring an additional 2,800 shares in the last quarter. Verition Fund Management LLC bought a new stake in Digimarc during the 4th quarter valued at $96,000. Inscription Capital LLC bought a new stake in Digimarc during the fourth quarter valued at about $109,000. Finally, Marshall Wace LLP purchased a new position in Digimarc in the fourth quarter valued at about $114,000. 66.85% of the stock is currently owned by hedge funds and other institutional investors.
About Digimarc
(
Get Free Report)
Digimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.
The company's product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.
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