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Equities researchers at Vertical Group started coverage on shares of Digimarc Corp. (NASDAQ:DMRC) in a research report issued on Wednesday, reports. The firm set a “buy” rating and a $43.00 price target on the stock. Vertical Group’s target price suggests a potential upside of 37.95% from the company’s current price.

Digimarc Corp. (NASDAQ:DMRC) traded up 1.15% on Wednesday, hitting $31.53. 2,373 shares of the company’s stock traded hands. Digimarc Corp. has a 1-year low of $17.85 and a 1-year high of $36.93. The stock’s 50-day moving average is $30.94 and its 200-day moving average is $24.77. The company’s market cap is $219.2 million.

Digimarc Corp. (NASDAQ:DMRC) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.19) earnings per share for the quarter. The company had revenue of $6.80 million for the quarter, compared to the consensus estimate of $9.30 million.

Digimarc Corporation (NASDAQ:DMRC) enables governments and enterprises worldwide to give digital identities to media and objects that computers can sense and recognize and, to which they can react.

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