Digimarc Corporation (NASDAQ:DMRC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.81 and traded as high as $8.38. Digimarc shares last traded at $8.20, with a volume of 127,913 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Wall Street Zen raised shares of Digimarc from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Needham & Company LLC lowered their target price on shares of Digimarc from $20.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, March 16th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Digimarc in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Digimarc has an average rating of "Hold" and a consensus price target of $10.00.
Check Out Our Latest Stock Analysis on Digimarc
Digimarc Stock Up 6.2%
The stock has a market capitalization of $181.14 million, a price-to-earnings ratio of -5.47 and a beta of 1.88. The company's 50-day simple moving average is $5.77 and its 200 day simple moving average is $6.81.
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 (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. The company had revenue of $8.91 million for the quarter, compared to the consensus estimate of $8.22 million. Digimarc had a negative return on equity of 38.41% and a negative net margin of 95.27%.
Institutional Investors Weigh In On Digimarc
Several hedge funds and other institutional investors have recently made changes to their positions in DMRC. Invesco Ltd. acquired a new stake in shares of Digimarc in the fourth quarter valued at about $78,000. Janney Montgomery Scott LLC grew its position in shares of Digimarc by 25.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,866 shares of the information technology services provider's stock valued at $91,000 after purchasing an additional 2,800 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Digimarc in the fourth quarter valued at about $96,000. Inscription Capital LLC bought a new stake in shares of Digimarc in the fourth quarter valued at about $109,000. Finally, Marshall Wace LLP bought a new stake in shares of Digimarc in the fourth quarter valued at about $114,000. 66.85% of the stock is owned by institutional investors and hedge funds.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Digimarc, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Digimarc wasn't on the list.
While Digimarc currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
