Digimarc Corporation (NASDAQ:DMRC)‘s stock had its “buy” rating reiterated by equities research analysts at Cowen and Company in a research note issued on Sunday. They currently have a $50.00 price target on the information technology services provider’s stock. Cowen and Company’s target price suggests a potential upside of 51.52% from the stock’s previous close.

Several other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Digimarc Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Craig Hallum cut Digimarc Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 7th. BidaskClub cut Digimarc Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Needham & Company LLC reissued a “buy” rating and set a $42.00 target price on shares of Digimarc Corporation in a report on Monday, July 10th. Finally, ValuEngine raised Digimarc Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $45.75.

Digimarc Corporation (NASDAQ:DMRC) opened at 33.00 on Friday. Digimarc Corporation has a 1-year low of $24.20 and a 1-year high of $41.75. The company has a 50-day moving average price of $30.02 and a 200 day moving average price of $30.61. The stock’s market capitalization is $355.41 million.

Digimarc Corporation (NASDAQ:DMRC) last issued its quarterly earnings data on Wednesday, July 26th. The information technology services provider reported ($0.68) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.68). The business had revenue of $5.59 million during the quarter, compared to the consensus estimate of $5.69 million. Digimarc Corporation had a negative return on equity of 32.18% and a negative net margin of 107.49%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.62) earnings per share. On average, equities analysts predict that Digimarc Corporation will post ($2.68) EPS for the current year.

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In related news, insider Tony Rodriguez sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $37.75, for a total transaction of $75,500.00. Following the sale, the insider now owns 29,887 shares of the company’s stock, valued at $1,128,234.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Bruce L. Davis sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $38.17, for a total value of $26,719.00. Following the sale, the chief executive officer now directly owns 57,144 shares in the company, valued at approximately $2,181,186.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,000 shares of company stock worth $308,830. 7.50% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Marathon Capital Management raised its holdings in Digimarc Corporation by 0.5% during the second quarter. Marathon Capital Management now owns 59,605 shares of the information technology services provider’s stock worth $2,393,000 after purchasing an additional 275 shares in the last quarter. American International Group Inc. raised its holdings in Digimarc Corporation by 8.1% during the first quarter. American International Group Inc. now owns 5,198 shares of the information technology services provider’s stock worth $140,000 after purchasing an additional 391 shares in the last quarter. Bank of America Corp DE raised its holdings in Digimarc Corporation by 2.1% during the first quarter. Bank of America Corp DE now owns 20,857 shares of the information technology services provider’s stock worth $563,000 after purchasing an additional 431 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Digimarc Corporation by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock worth $334,000 after purchasing an additional 540 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Digimarc Corporation by 7.9% in the second quarter. Rhumbline Advisers now owns 11,265 shares of the information technology services provider’s stock valued at $452,000 after buying an additional 820 shares in the last quarter. 53.28% 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.

Analyst Recommendations for Digimarc Corporation (NASDAQ:DMRC)

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