Digimarc Corp (DMRC) EVP Sells $222,390.00 in Stock
Digimarc Corp (NASDAQ:DMRC) EVP Joel Meyer sold 7,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $31.77, for a total transaction of $222,390.00. Following the sale, the executive vice president now directly owns 70,121 shares in the company, valued at approximately $2,227,744.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Joel Meyer also recently made the following trade(s):
- On Tuesday, March 21st, Joel Meyer sold 3,371 shares of Digimarc Corp stock. The stock was sold at an average price of $26.23, for a total transaction of $88,421.33.
Digimarc Corp (NASDAQ:DMRC) remained flat at $31.30 during mid-day trading on Tuesday. The company’s stock had a trading volume of 47,243 shares. The stock has a 50 day moving average of $28.37 and a 200 day moving average of $27.96. Digimarc Corp has a 52 week low of $24.20 and a 52 week high of $40.13. The stock’s market cap is $318.76 million.
Digimarc Corp (NASDAQ:DMRC) last released its earnings results on Wednesday, April 26th. The information technology services provider reported ($0.61) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.66) by $0.05. Digimarc Corp had a negative net margin of 98.10% and a negative return on equity of 38.75%. The company had revenue of $6.10 million for the quarter, compared to analyst estimates of $5.61 million. During the same quarter last year, the firm earned ($0.64) EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts predict that Digimarc Corp will post ($2.65) earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the stock. Suffolk Capital Management LLC raised its position in Digimarc Corp by 24.0% in the third quarter. Suffolk Capital Management LLC now owns 46,394 shares of the information technology services provider’s stock valued at $1,779,000 after buying an additional 8,982 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in Digimarc Corp during the third quarter valued at approximately $1,366,000. AWM Investment Company Inc. acquired a new position in Digimarc Corp during the third quarter valued at approximately $3,068,000. Russell Investments Group Ltd. acquired a new position in Digimarc Corp during the fourth quarter valued at approximately $422,000. Finally, Hood River Capital Management LLC acquired a new position in Digimarc Corp during the third quarter valued at approximately $10,269,000. 57.20% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on DMRC shares. Zacks Investment Research cut shares of Digimarc Corp from a “hold” rating to a “sell” rating in a research note on Monday, January 23rd. B. Riley reaffirmed a “buy” rating and set a $44.00 target price on shares of Digimarc Corp in a research note on Monday, February 27th. Finally, Needham & Company LLC decreased their target price on shares of Digimarc Corp from $40.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, February 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $43.00.
About Digimarc Corp
Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.
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