Brokerages forecast that Digimarc Corporation (NASDAQ:DMRC) will announce $5.87 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Digimarc Corporation’s earnings. The highest sales estimate is $5.96 million and the lowest is $5.76 million. Digimarc Corporation reported sales of $5.58 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.2%. The business is scheduled to issue its next earnings report on Wednesday, November 1st.

On average, analysts expect that Digimarc Corporation will report full-year sales of $5.87 million for the current fiscal year, with estimates ranging from $23.37 million to $24.02 million. For the next financial year, analysts expect that the company will report sales of $27.49 million per share, with estimates ranging from $25.70 million to $30.57 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Digimarc Corporation.

Digimarc Corporation (NASDAQ:DMRC) last posted its quarterly earnings results on Wednesday, July 26th. The information technology services provider reported ($0.68) earnings per share for the quarter, meeting the consensus estimate of ($0.68). The firm had revenue of $5.59 million for the quarter, compared to analyst estimates of $5.69 million. Digimarc Corporation had a negative return on equity of 32.18% and a negative net margin of 107.49%. Digimarc Corporation’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.62) earnings per share.

Several analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and set a $44.00 price objective on shares of Digimarc Corporation in a research note on Saturday, July 29th. Cowen and Company set a $50.00 price objective on Digimarc Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. BidaskClub downgraded Digimarc Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Digimarc Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 price objective on shares of Digimarc Corporation in a research note on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.75.

Digimarc Corporation (NASDAQ:DMRC) traded up 0.70% on Friday, reaching $28.65. The company had a trading volume of 76,399 shares. Digimarc Corporation has a 12 month low of $24.20 and a 12 month high of $41.75. The stock’s market capitalization is $308.56 million. The firm has a 50 day moving average price of $33.13 and a 200-day moving average price of $29.88.

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In related news, CEO Bruce L. Davis sold 700 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $38.17, for a total transaction of $26,719.00. Following the sale, the chief executive officer now owns 57,144 shares of the company’s stock, valued at approximately $2,181,186.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joel Meyer sold 7,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $31.77, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 17,000 shares of company stock worth $601,820 in the last ninety days. 7.50% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in DMRC. Senvest Management LLC increased its stake in Digimarc Corporation by 1.5% in the second quarter. Senvest Management LLC now owns 1,004,234 shares of the information technology services provider’s stock valued at $40,320,000 after buying an additional 15,152 shares in the last quarter. Primecap Management Co. CA increased its stake in Digimarc Corporation by 30.3% in the first quarter. Primecap Management Co. CA now owns 460,000 shares of the information technology services provider’s stock valued at $12,420,000 after buying an additional 107,000 shares in the last quarter. Vanguard Group Inc. increased its stake in Digimarc Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 444,335 shares of the information technology services provider’s stock valued at $17,840,000 after buying an additional 11,296 shares in the last quarter. Cowen Prime Services LLC increased its stake in Digimarc Corporation by 2.8% in the first quarter. Cowen Prime Services LLC now owns 379,605 shares of the information technology services provider’s stock valued at $10,249,000 after buying an additional 10,201 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in Digimarc Corporation by 2.6% in the second quarter. Hood River Capital Management LLC now owns 306,215 shares of the information technology services provider’s stock valued at $12,295,000 after buying an additional 7,818 shares in the last quarter. 54.94% of the stock is currently owned by hedge funds and other institutional investors.

About Digimarc Corporation

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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Earnings History and Estimates for Digimarc Corporation (NASDAQ:DMRC)

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